Seaport Res Ptn Forecasts Reduced Earnings for Altus Power

Altus Power, Inc. (NYSE:AMPS - Free Report) - Stock analysts at Seaport Res Ptn lowered their Q2 2025 EPS estimates for shares of Altus Power in a report issued on Thursday, November 14th. Seaport Res Ptn analyst J. Campbell now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.03. The consensus estimate for Altus Power's current full-year earnings is $0.08 per share. Seaport Res Ptn also issued estimates for Altus Power's Q3 2025 earnings at $0.00 EPS and Q2 2026 earnings at $0.01 EPS.

A number of other equities analysts also recently commented on the company. UBS Group decreased their price target on Altus Power from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Roth Mkm restated a "buy" rating and issued a $4.50 target price on shares of Altus Power in a research report on Wednesday, October 16th. Citigroup reduced their price objective 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. Maxim Group lowered their target price on Altus Power from $5.50 to $4.50 and set a "buy" rating on the stock in a research report on Monday, August 12th. Finally, Morgan Stanley lowered Altus Power from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $8.00 to $4.00 in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $5.81.

Altus Power Trading Down 5.9 %

Shares of AMPS stock traded down $0.24 during mid-day trading on Friday, hitting $3.86. 675,747 shares of the company's stock were exchanged, compared to its average volume of 1,087,997. Altus Power has a fifty-two week low of $2.71 and a fifty-two week high of $7.28. The stock has a 50-day simple moving average of $3.33 and a two-hundred day simple moving average of $3.70. The stock has a market cap of $620.65 million, a price-to-earnings ratio of 18.64 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.60 and a debt-to-equity ratio of 2.10.

Institutional Trading of Altus Power

Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in shares of Altus Power during the second quarter worth approximately $39,000. Iridian Asset Management LLC CT acquired a new stake in shares of Altus Power during the 3rd quarter worth $40,000. HighTower Advisors LLC acquired a new position in Altus Power in the third quarter valued at about $41,000. Vaughan David Investments LLC IL bought a new stake in Altus Power during the second quarter worth about $55,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Altus Power during the second quarter worth about $68,000. Institutional investors own 46.55% of the company's stock.

About Altus Power

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.