Altus Power, Inc. (NYSE:AMPS - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $4.00, but opened at $4.20. Altus Power shares last traded at $3.88, with a volume of 101,628 shares trading hands.
Wall Street Analyst Weigh In
AMPS has been the subject of several research reports. Citigroup reduced their target price on shares of Altus Power from $7.00 to $5.50 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Roth Mkm reiterated a "buy" rating and issued a $4.50 target price on shares of Altus Power in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered shares of Altus Power from a "neutral" rating to an "underweight" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.21.
Get Our Latest Report on Altus Power
Altus Power Trading Up 0.2 %
The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $644.79 million, a price-to-earnings ratio of 18.23 and a beta of 1.05. The business has a 50 day simple moving average of $3.94 and a 200-day simple moving average of $3.66.
Institutional Trading of Altus Power
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Iridian Asset Management LLC CT acquired a new position in Altus Power during the third quarter worth approximately $40,000. HighTower Advisors LLC acquired a new stake in Altus Power during the third quarter worth approximately $41,000. Susquehanna Fundamental Investments LLC acquired a new stake in Altus Power during the second quarter worth approximately $68,000. Intech Investment Management LLC acquired a new stake in Altus Power during the third quarter worth approximately $86,000. Finally, SG Americas Securities LLC lifted its stake in Altus Power by 135.9% during the third quarter. SG Americas Securities LLC now owns 30,146 shares of the company's stock worth $96,000 after purchasing an additional 17,368 shares during the last quarter. Institutional investors own 46.55% of the company's stock.
Altus Power Company Profile
(
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Altus 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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