Roth Capital Has Negative Outlook of Altus Power Q3 Earnings

Altus Power, Inc. (NYSE:AMPS - Free Report) - Equities research analysts at Roth Capital lowered their Q3 2025 EPS estimates for Altus Power in a report released on Thursday, March 20th. Roth Capital analyst J. Clare now anticipates that the company will earn $0.02 per share for the quarter, down from their previous forecast of $0.03. Roth Capital has a "Hold" rating on the stock. The consensus estimate for Altus Power's current full-year earnings is $0.14 per share.

Altus Power (NYSE:AMPS - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.28). Altus Power had a net margin of 19.18% and a return on equity of 4.79%. The company had revenue of $44.47 million during the quarter, compared to analysts' expectations of $46.64 million.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. raised shares of Altus Power from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a report on Thursday, February 6th. Roth Mkm reiterated a "neutral" rating and set a $5.00 target price on shares of Altus Power in a research report on Friday, March 21st. Seaport Res Ptn downgraded Altus Power from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. B. Riley cut shares of Altus Power from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Finally, UBS Group lowered shares of Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 target price on the stock. in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Altus Power presently has a consensus rating of "Hold" and a consensus price target of $5.13.

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Altus Power Stock Performance

NYSE:AMPS traded down $0.02 during mid-day trading on Monday, reaching $4.95. 2,762,492 shares of the stock were exchanged, compared to its average volume of 1,559,136. The stock has a market capitalization of $793.28 million, a P/E ratio of 22.48 and a beta of 0.98. Altus Power has a 1 year low of $2.71 and a 1 year high of $5.50. The company has a 50 day simple moving average of $4.59 and a 200-day simple moving average of $3.99. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10.

Insiders Place Their Bets

In other news, insider Anthony Savino sold 8,823 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $43,320.93. Following the sale, the insider now directly owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregg J. Felton sold 71,161 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $349,400.51. Following the completion of the transaction, the chief executive officer now directly owns 4,023,696 shares of the company's stock, valued at approximately $19,756,347.36. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,146 shares of company stock valued at $437,707 in the last three months. Company insiders own 24.30% of the company's stock.

Institutional Trading of Altus Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPS. US Bancorp DE boosted its holdings in Altus Power by 11,326.2% during the fourth quarter. US Bancorp DE now owns 9,598 shares of the company's stock valued at $39,000 after purchasing an additional 9,514 shares in the last quarter. HighTower Advisors LLC bought a new stake in Altus Power during the third quarter worth about $41,000. Citizens Financial Group Inc. RI bought a new position in shares of Altus Power in the fourth quarter valued at approximately $41,000. SevenBridge Financial Group LLC acquired a new position in shares of Altus Power in the 4th quarter worth approximately $41,000. Finally, One68 Global Capital LLC bought a new stake in shares of Altus Power during the fourth quarter worth $41,000. 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.