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

Altus Power, Inc. (NYSE:AMPS) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued 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 objective among analysts that have updated their coverage on the stock in the last year is $5.21.

Several equities analysts have commented on AMPS shares. Roth Mkm reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Altus Power in a research report on Wednesday, October 16th. Citigroup cut their price target on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered shares of Altus Power from a “neutral” rating to an “underweight” rating in a report on Thursday, December 12th.

Altus Power Trading Down 7.0 %

AMPS opened at $4.09 on Thursday. 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’s 50 day moving average price is $3.91 and its 200-day moving average price is $3.66. Altus Power has a one year low of $2.71 and a one year high of $7.28. The stock has a market cap of $657.66 million, a price-to-earnings ratio of 18.59 and a beta of 1.05.

Institutional Trading of Altus Power

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