Altus Power, Inc. (NYSE:AMPS – Get Free Report)’s share price fell 4.4% during trading on Tuesday after Citigroup lowered their price target on the stock from $7.00 to $5.50. Citigroup currently has a buy rating on the stock. Altus Power traded as low as $3.45 and last traded at $3.45. 132,688 shares changed hands during trading, a decline of 88% from the average session volume of 1,067,509 shares. The stock had previously closed at $3.61.
A number of other equities research analysts have also recently issued reports on AMPS. Morgan Stanley cut Altus Power from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $8.00 to $4.00 in a report on Wednesday, August 21st. Maxim Group reduced their price objective on Altus Power from $5.50 to $4.50 and set a “buy” rating for the company in a report on Monday, August 12th. UBS Group reduced their price objective on Altus Power from $5.50 to $5.00 and set a “buy” rating for the company in a report on Friday, August 9th. Roth Mkm restated a “buy” rating and set a $4.50 price objective on shares of Altus Power in a report on Wednesday, October 16th. Finally, B. Riley upgraded Altus Power to a “strong-buy” rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $5.94.
View Our Latest Research Report on AMPS
Institutional Investors Weigh In On Altus Power
Altus Power Trading Down 3.6 %
The firm has a market capitalization of $559.14 million, a price-to-earnings ratio of -69.80 and a beta of 0.96. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50-day simple moving average is $3.17 and its 200 day simple moving average is $3.76.
Altus Power (NYSE:AMPS – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.03 by $0.13. Altus Power had a net margin of 13.55% and a return on equity of 2.52%. The business had revenue of $52.46 million during the quarter, compared to the consensus estimate of $57.61 million. Equities analysts expect that Altus Power, Inc. will post 0.08 earnings per share for the current year.
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.
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