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

Altus Power, Inc. (NYSE:AMPS) has received an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.21.

AMPS has been the topic of several analyst reports. JPMorgan Chase & Co. cut Altus Power from a “neutral” rating to an “underweight” rating in a report on Thursday, December 12th. Citigroup cut their price objective on Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Roth Mkm reissued a “buy” rating and set a $4.50 target price on shares of Altus Power in a research report on Wednesday, October 16th.

Hedge Funds Weigh In On Altus Power

Institutional investors and hedge funds have recently made changes to their positions in the business. Iridian Asset Management LLC CT bought a new position in Altus Power during the 3rd quarter valued at $40,000. HighTower Advisors LLC bought a new stake in shares of Altus Power in the 3rd quarter valued at approximately $41,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Altus Power during the 2nd quarter valued at approximately $68,000. Intech Investment Management LLC bought a new position in Altus Power during the third quarter worth $86,000. Finally, SG Americas Securities LLC boosted its holdings in Altus Power by 135.9% in the third quarter. SG Americas Securities LLC now owns 30,146 shares of the company’s stock worth $96,000 after purchasing an additional 17,368 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Altus Power Stock Down 2.1 %

AMPS stock opened at $4.02 on Monday. 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 company’s 50 day simple moving average is $3.98 and its 200-day simple moving average is $3.62. Altus Power has a 12 month low of $2.71 and a 12 month high of $7.28. The firm has a market capitalization of $645.61 million, a PE ratio of 18.25 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.