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

Altus Power, Inc. (NYSE:AMPS) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.21.

A number of analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating and set a $4.50 price target on shares of Altus Power in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut Altus Power from a “neutral” rating to an “underweight” rating in a report on Thursday, December 12th. Finally, Citigroup cut their price target on Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd.

Institutional Trading of Altus Power

A number of hedge funds have recently bought and sold shares of the business. Iridian Asset Management LLC CT purchased a new stake in Altus Power in the 3rd quarter worth about $40,000. HighTower Advisors LLC bought a new position in shares of Altus Power in the third quarter worth approximately $41,000. Vaughan David Investments LLC IL bought a new stake in shares of Altus Power during the 2nd quarter worth $55,000. Susquehanna Fundamental Investments LLC bought a new stake in Altus Power in the second quarter worth $68,000. Finally, Intech Investment Management LLC bought a new position in shares of Altus Power during the third quarter valued at about $86,000. 46.55% of the stock is currently owned by institutional investors.

Altus Power Price Performance

Altus Power stock opened at $4.40 on Thursday. The stock has a fifty day moving average of $3.89 and a 200-day moving average of $3.66. Altus Power has a 52 week low of $2.71 and a 52 week 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 stock has a market capitalization of $707.50 million, a P/E ratio of 20.00 and a beta of 1.05.

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.