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

Shares of Altus Power, Inc. (NYSE:AMPS) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation 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.

AMPS has been the topic of a number of recent research reports. Morgan Stanley lowered Altus Power from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $8.00 to $4.00 in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered Altus Power from a “neutral” rating to an “underweight” rating in a research note on Thursday. Citigroup decreased their price target on Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Roth Mkm reiterated a “buy” rating and issued a $4.50 price target on shares of Altus Power in a research note on Wednesday, October 16th.

Altus Power Price Performance

Altus Power stock opened at $3.73 on Friday. The stock’s fifty day moving average price is $3.65 and its two-hundred day moving average price is $3.69. Altus Power has a one year low of $2.71 and a one year high of $7.28. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $599.77 million, a PE ratio of 16.95 and a beta of 1.04.

Institutional Investors Weigh In On Altus Power

A number of hedge funds and other institutional investors have recently bought and sold shares of AMPS. Summit Securities Group LLC bought a new stake in Altus Power during the 2nd quarter worth $39,000. Iridian Asset Management LLC CT acquired a new position in Altus Power during the 3rd quarter worth about $40,000. HighTower Advisors LLC acquired a new position in Altus Power during the 3rd quarter worth about $41,000. Vaughan David Investments LLC IL acquired a new position in Altus Power during the 2nd quarter worth about $55,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Altus Power during the 2nd quarter worth about $68,000. 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.