Altus Power (AMPS) to Release Earnings on Monday

Altus Power (NYSE:AMPS) is expected to be releasing its earnings data after the market closes on Monday, March 17th. Analysts expect Altus Power to post earnings of ($0.03) per share and revenue of $46.64 million for the quarter.

Altus Power Stock Up 0.3 %

Altus Power stock opened at $4.95 on Friday. The company’s 50 day simple moving average is $4.45 and its 200 day simple moving average is $3.88. Altus Power has a fifty-two week low of $2.71 and a fifty-two week high of $5.50. The firm has a market capitalization of $795.14 million, a price-to-earnings ratio of 22.48 and a beta of 0.98. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMPS. Seaport Res Ptn lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research note on Thursday, February 6th. UBS Group lowered shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research note on Monday, February 10th. Finally, B. Riley lowered shares of Altus Power from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.06.

Insider Activity

In other news, CFO Dustin Weber sold 9,162 shares of Altus Power stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $44,985.42. Following the sale, the chief financial officer now directly owns 2,002,611 shares in the company, valued at $9,832,820.01. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregg J. Felton sold 71,161 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $349,400.51. Following the transaction, the chief executive officer now owns 4,023,696 shares in the company, valued at approximately $19,756,347.36. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,146 shares of company stock worth $437,707 over the last ninety days. Insiders own 24.30% of the company’s stock.

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.