Shares of Altus Power, Inc. (NYSE:AMPS - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $5.21.
A number of brokerages recently issued reports on AMPS. JPMorgan Chase & Co. cut shares of Altus Power from a "neutral" rating to an "underweight" rating in a research report on Thursday, December 12th. Citigroup decreased their price target on Altus Power from $7.00 to $5.50 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Finally, Roth Mkm reaffirmed a "buy" rating and set a $4.50 price objective on shares of Altus Power in a report on Wednesday, October 16th.
Get Our Latest Analysis on AMPS
Altus Power Trading Up 4.7 %
Shares of AMPS traded up $0.19 during mid-day trading on Thursday, hitting $4.26. 1,027,361 shares of the company's stock traded hands, compared to its average volume of 1,109,236. Altus Power has a 1 year low of $2.71 and a 1 year high of $7.28. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The business's 50-day moving average price is $3.84 and its 200-day moving average price is $3.66. The firm has a market capitalization of $684.99 million, a P/E ratio of 19.36 and a beta of 1.04.
Institutional Trading of Altus Power
Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Altus Power by 37.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,974,269 shares of the company's stock worth $11,662,000 after purchasing an additional 807,071 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Altus Power by 112.1% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,411,042 shares of the company's stock worth $5,531,000 after buying an additional 745,810 shares in the last quarter. Long Focus Capital Management LLC increased its position in Altus Power by 427.6% during the second quarter. Long Focus Capital Management LLC now owns 549,081 shares of the company's stock worth $2,152,000 after purchasing an additional 445,000 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Altus Power in the second quarter valued at approximately $1,085,000. Finally, XTX Topco Ltd purchased a new position in shares of Altus Power during the 3rd quarter worth approximately $425,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.
Altus Power Company Profile
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Get Free ReportAltus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.
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