Altus Power, Inc. (NYSE:AMPS - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $3.02, but opened at $3.54. Altus Power shares last traded at $3.45, with a volume of 784,786 shares.
Analyst Upgrades and Downgrades
AMPS has been the subject of a number of recent analyst reports. Roth Mkm restated a "buy" rating and set a $4.50 price target on shares of Altus Power in a report on Wednesday. Morgan Stanley downgraded shares of Altus Power from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $8.00 to $4.00 in a report on Wednesday, August 21st. Maxim Group cut their price target on shares of Altus Power from $5.50 to $4.50 and set a "buy" rating for the company in a report on Monday, August 12th. UBS Group dropped their target price on shares of Altus Power from $5.50 to $5.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, B. Riley upgraded shares of Altus Power to a "strong-buy" rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Altus Power has an average rating of "Buy" and a consensus price target of $6.00.
Check Out Our Latest Research Report on Altus Power
Altus Power Price Performance
The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $604.93 million, a PE ratio of -74.00 and a beta of 0.96. The company's 50-day simple moving average is $3.14 and its 200 day simple moving average is $3.80.
Altus Power (NYSE:AMPS - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.03 by $0.13. Altus Power had a net margin of 13.55% and a return on equity of 2.52%. The company had revenue of $52.46 million during the quarter, compared to analysts' expectations of $57.61 million. On average, sell-side analysts predict that Altus Power, Inc. will post 0.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Altus Power
Several institutional investors have recently modified their holdings of AMPS. Triad Investment Management lifted its position in shares of Altus Power by 48.2% during the 1st quarter. Triad Investment Management now owns 58,023 shares of the company's stock worth $277,000 after purchasing an additional 18,879 shares during the last quarter. Bouvel Investment Partners LLC lifted its position in shares of Altus Power by 2.8% during the 1st quarter. Bouvel Investment Partners LLC now owns 305,673 shares of the company's stock worth $1,461,000 after purchasing an additional 8,295 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Altus Power by 17.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 35,198 shares of the company's stock worth $168,000 after purchasing an additional 5,116 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in shares of Altus Power by 38.4% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 428,963 shares of the company's stock worth $2,050,000 after purchasing an additional 118,963 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Altus Power by 15.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 259,441 shares of the company's stock worth $1,240,000 after purchasing an additional 34,244 shares during the last quarter. 46.55% of the stock is owned by hedge funds and other 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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