Altus Power (AMPS) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $3.37 to $3.56
• 50-Day Range: $3.02 to $4.36
• 52-Week Range: $2.71 to $7.28
• Volume: 5.51 million shs
• Average Volume: 1.10 million shs
• Market Capitalization: $570.83 million
• P/E Ratio: 16.14
• Dividend Yield: N/A
• Price Target: $5.21
• Consensus Rating: Moderate Buy

Altus Power Stock Analysis - MarketRank™

Altus Power scored higher than 41% of companies evaluated by MarketBeat, and ranked 198th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Altus Power has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Altus Power has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Altus Power are expected to decrease in the coming year, from $0.14 to ($0.10) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Altus Power is 16.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.41.

Price to Earnings Ratio vs. Sector

The P/E ratio of Altus Power is 16.14, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.15.

Price to Book Value per Share Ratio

Altus Power has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.07% of the float of Altus Power has been sold short.

Short Interest Ratio / Days to Cover

Altus Power has a short interest ratio ("days to cover") of 8.5.

Change versus previous month

Short interest in Altus Power has recently increased by 7.58%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Altus Power does not currently pay a dividend.

Dividend Growth

Altus Power does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Altus Power is 722.73%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.07% of the float of Altus Power has been sold short.

Short Interest Ratio / Days to Cover

Altus Power has a short interest ratio ("days to cover") of 8.5.

Change versus previous month

Short interest in Altus Power has recently increased by 7.58%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.39

News Sentiment

Altus Power has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Altus Power this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for AMPS on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Altus Power insiders have not sold or bought any company stock.

Percentage Held by Insiders

24.30% of the stock of Altus Power is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

46.55% of the stock of Altus Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AMPS Stock Analysis - Frequently Asked Questions

How have AMPS shares performed this year?

Altus Power's stock was trading at $6.83 at the start of the year. Since then, AMPS stock has decreased by 48.0% and is now trading at $3.55.
View the best growth stocks for 2024 here.

How were Altus Power's earnings last quarter?

Altus Power, Inc. (NYSE:AMPS) issued its earnings results on Thursday, May, 9th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). The company earned $40.66 million during the quarter, compared to analyst estimates of $39.13 million. Altus Power had a net margin of 19.18% and a trailing twelve-month return on equity of 4.79%.

Who are Altus Power's major shareholders?

Altus Power's top institutional investors include State Street Corp (2.29%), Geode Capital Management LLC (0.97%), abrdn plc (0.90%) and Telemark Asset Management LLC (0.60%). Insiders that own company stock include Lars Norell, Altus Holdings Lp Gso, Gregg J Felton, Anthony Savino and Dustin Weber.
View institutional ownership trends.

How do I buy shares of Altus Power?

Shares of AMPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Altus Power own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Altus Power investors own include Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META) and Visa (V).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NYSE:AMPS
• CUSIP: N/A
• CIK: 1828723
• Web: cbreacquisitionholdings.com
• Phone: 203-698-0090
• Fax: N/A
• Employees: 40
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.21
• High Stock Price Target: $7.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +46.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.89
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.22
• Trailing P/E Ratio: 16.14
• Forward P/E Ratio: 25.36
• P/E Growth: N/A
• Net Income: $-9,350,000.00
• Net Margins: 19.18%
• Pretax Margin: -8.69%
• Return on Equity: 4.79%
• Return on Assets: 1.16%

Debt

• Debt-to-Equity Ratio: 2.10
• Current Ratio: 0.60
• Quick Ratio: 0.60

Sales & Book Value

• Annual Sales: $185.99 million
• Price / Sales: 3.07
• Cash Flow: $0.28 per share
• Price / Cash Flow: 12.88
• Book Value: $3.14 per share
• Price / Book: 1.13

Miscellaneous

• Outstanding Shares: 160,796,000
• Free Float: 121,723,000
• Market Cap: $570.83 million
• Optionable: Optionable
• Beta: 1.04