Altus Power (NYSE:AMPS) Rating Reiterated by Roth Mkm

Roth Mkm reissued their buy rating on shares of Altus Power (NYSE:AMPS) in a report published on Wednesday, Benzinga reports. The firm currently has a $4.50 price target on the stock.

Several other equities analysts also recently issued reports on the stock. UBS Group dropped their price target on shares of Altus Power from $5.50 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Morgan Stanley lowered Altus Power from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $8.00 to $4.00 in a research report on Wednesday, August 21st. Maxim Group reduced their price target on Altus Power from $5.50 to $4.50 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, B. Riley upgraded Altus Power to a “strong-buy” rating in a research report on Tuesday, June 25th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Altus Power currently has a consensus rating of “Buy” and an average price target of $6.00.

Altus Power Trading Up 24.7 %

Shares of AMPS stock opened at $3.77 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $604.93 million, a P/E ratio of -75.30 and a beta of 0.96. Altus Power has a twelve month low of $2.71 and a twelve month high of $7.28. The stock’s fifty day simple moving average is $3.15 and its 200 day simple moving average is $3.80.

Altus Power (NYSE:AMPS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.13. The company had revenue of $52.46 million for the quarter, compared to analysts’ expectations of $57.61 million. Altus Power had a return on equity of 2.52% and a net margin of 13.55%. As a group, sell-side analysts predict that Altus Power will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMPS. Triad Investment Management grew its stake in Altus Power by 48.2% during the first quarter. Triad Investment Management now owns 58,023 shares of the company’s stock worth $277,000 after purchasing an additional 18,879 shares during the period. Bouvel Investment Partners LLC boosted its holdings in shares of Altus Power by 2.8% during the 1st quarter. Bouvel Investment Partners LLC now owns 305,673 shares of the company’s stock worth $1,461,000 after buying an additional 8,295 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its position in shares of Altus Power by 17.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 35,198 shares of the company’s stock worth $168,000 after buying an additional 5,116 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in shares of Altus Power by 38.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 428,963 shares of the company’s stock valued at $2,050,000 after acquiring an additional 118,963 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Altus Power by 15.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 259,441 shares of the company’s stock valued at $1,240,000 after acquiring an additional 34,244 shares during the period. 46.55% of the stock is owned by institutional investors.

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.