Shares of Altus Power, Inc. (NYSE:AMPS - Get Free Report) shot up 11.8% on Monday . The company traded as high as $4.40 and last traded at $3.97. 2,036,637 shares were traded during trading, an increase of 86% from the average session volume of 1,093,010 shares. The stock had previously closed at $3.55.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on AMPS. Roth Mkm reissued a "buy" rating and issued a $4.50 target price on shares of Altus Power in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered shares of Altus Power from a "neutral" rating to an "underweight" rating in a research report on Thursday, December 12th. Finally, Citigroup dropped their target price on Altus Power from $7.00 to $5.50 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Altus Power currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.21.
Read Our Latest Report on AMPS
Altus Power Stock Up 14.9 %
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 stock has a market cap of $656.05 million, a P/E ratio of 18.55 and a beta of 1.04. The company's 50 day moving average price is $3.73 and its two-hundred day moving average price is $3.67.
Institutional Trading of Altus Power
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Altus Power by 25.1% during the second quarter. Bank of New York Mellon Corp now owns 242,455 shares of the company's stock valued at $950,000 after buying an additional 48,608 shares during the period. Bailard Inc. purchased a new position in shares of Altus Power in the 2nd quarter valued at $114,000. Summit Securities Group LLC bought a new position in shares of Altus Power in the 2nd quarter worth $39,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Altus Power by 78.8% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 437,286 shares of the company's stock worth $1,714,000 after purchasing an additional 192,687 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Altus Power by 16.1% during the second quarter. Rhumbline Advisers now owns 145,233 shares of the company's stock valued at $569,000 after purchasing an additional 20,175 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors.
About Altus Power
(
Get Free Report)
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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