Altus Power, Inc. (NYSE:AMPS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Altus Power, Inc. (NYSE:AMPS) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.21.

A number of brokerages have recently commented on AMPS. JPMorgan Chase & Co. cut shares of Altus Power from a “neutral” rating to an “underweight” rating in a report on Thursday, December 12th. Roth Mkm restated a “buy” rating and issued a $4.50 price objective on shares of Altus Power in a research note on Wednesday, October 16th. Finally, Citigroup decreased their target price on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, October 22nd.

Altus Power Trading Down 2.1 %

NYSE:AMPS opened at $4.02 on Monday. The company has a market capitalization of $645.60 million, a PE ratio of 18.25 and a beta of 1.05. Altus Power has a 52-week low of $2.71 and a 52-week high of $7.28. The stock’s 50 day moving average price is $3.98 and its 200 day moving average price is $3.64. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMPS. Iridian Asset Management LLC CT acquired a new stake in Altus Power in the third quarter valued at about $40,000. HighTower Advisors LLC purchased a new position in shares of Altus Power during the 3rd quarter worth approximately $41,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Altus Power in the 2nd quarter valued at approximately $68,000. Intech Investment Management LLC purchased a new stake in shares of Altus Power in the third quarter valued at approximately $86,000. Finally, Ballentine Partners LLC acquired a new position in Altus Power during the fourth quarter worth $112,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Altus Power Company Profile

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.