Altus Power (NYSE:AMPS) Cut to Neutral at UBS Group

UBS Group downgraded shares of Altus Power (NYSE:AMPS) from a buy rating to a neutral rating in a report published on Monday, Marketbeat reports. UBS Group currently has $5.00 price target on the stock.

AMPS has been the subject of a number of other research reports. Roth Mkm reissued a “buy” rating and set a $4.50 target price on shares of Altus Power in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Thursday, February 6th. Citigroup cut their price target on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. B. Riley downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.00 to $5.00 in a report on Friday, February 7th. Finally, Seaport Res Ptn downgraded shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.06.

Altus Power Trading Up 0.2 %

Shares of NYSE:AMPS opened at $4.88 on Monday. The stock has a market capitalization of $784.68 million, a price-to-earnings ratio of 22.18 and a beta of 1.05. Altus Power has a 1-year low of $2.71 and a 1-year high of $7.28. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. The company has a 50 day moving average price of $4.03 and a 200 day moving average price of $3.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Magnus Financial Group LLC bought a new position in shares of Altus Power during the 4th quarter worth about $333,000. Barclays PLC increased its holdings in shares of Altus Power by 312.8% during the 3rd quarter. Barclays PLC now owns 115,987 shares of the company’s stock worth $369,000 after purchasing an additional 87,886 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Altus Power during the 4th quarter valued at about $112,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Altus Power by 798.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company’s stock valued at $234,000 after acquiring an additional 65,327 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Altus Power during the 3rd quarter valued at about $425,000. Institutional investors own 46.55% of the company’s stock.

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.