Altus Power, Inc. (NYSE:AMPS) Receives $5.94 Average Price Target from Brokerages

Altus Power, Inc. (NYSE:AMPS) has received a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $5.81.

A number of analysts have weighed in on AMPS shares. Maxim Group cut their target price on shares of Altus Power from $5.50 to $4.50 and set a “buy” rating on the stock in a research report on Monday, August 12th. Morgan Stanley downgraded shares of Altus Power from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $8.00 to $4.00 in a research report on Wednesday, August 21st. Citigroup dropped their price target on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. UBS Group lowered their target price 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. Finally, Roth Mkm reaffirmed a “buy” rating and set a $4.50 price target on shares of Altus Power in a research report on Wednesday, October 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMPS. Summit Securities Group LLC purchased a new position in Altus Power in the second quarter valued at approximately $39,000. Iridian Asset Management LLC CT bought a new stake in Altus Power in the 3rd quarter valued at about $40,000. HighTower Advisors LLC purchased a new stake in Altus Power during the third quarter valued at about $41,000. Vaughan David Investments LLC IL purchased a new position in shares of Altus Power in the second quarter worth about $55,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Altus Power in the second quarter valued at approximately $68,000. 46.55% of the stock is owned by institutional investors.

Altus Power Trading Down 6.2 %

Shares of AMPS stock opened at $3.85 on Wednesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.91 and a current ratio of 0.60. Altus Power has a fifty-two week low of $2.71 and a fifty-two week high of $7.28. The company has a market cap of $618.23 million, a PE ratio of 17.48 and a beta of 0.94. The stock’s fifty day moving average price is $3.35 and its two-hundred day moving average price is $3.70.

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.