How to Buy Altus Power Stock

Altus Power Inc

Altus Power is a renewable energy company located in Connecticut, United States, which is part of the Utilities sector, and is traded under the ticker AMPS on the NYSE exchange.

Altus Power stock last closed at $5.47, down 0.73% from the previous day, and has decreased 55.53% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.24 percentage points. Altus Power stock is currently +34.07% from its 52-week low of $4.08, and -62.83% from its 52-week high of $14.72.

At the moment, there are 160M AMPS shares outstanding. The market capitalization of AMPS is $875.18M. In the last 24 hours, 891,152 AMPS shares were traded.

How to Buy Altus Power Stock

Wondering how to invest in Altus Power stock? Here's how.
  1. Choose where to buy Altus Power stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Altus Power stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Choose your method of payment and add your info.
  4. Analyze Altus Power stock: The Altus Power ticker symbol is AMPS. Is Altus Power stock a good investment? Should you buy shares of AMPS? How do AMPS's underlying business fundamentals look? Do top analysts think Altus Power is a good buy? Why has AMPS's stock price moved recently? (Hint: Our stock market research website can help you decide if AMPS is a good stock to buy).
  5. Place your AMPS trade: Decide if you will purchase AMPS shares at the current market price or use a limit order to purchase AMPS shares at a particular price.
  6. Monitor your AMPS investment: Create a watchlist to get the latest news on your new investment in Altus Power shares.

Step 1: Choose where to buy Altus Power stock

You need an online brokerage account to access the NYSE market and buy AMPS stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected the right brokerage, it's time to fill out some personal info so you can invest in AMPS stock today.

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  2. Enter your personal details to open a new brokerage account.
  1. Submit your application by hitting the "Create Account" button.
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Step 3: Deposit money your brokerage account

Now that you've created your account on one of the best stock apps, your next step is to transfer the money for your investment:

Watch the walkthrough below for more details depositing funds into your new brokerage account.

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Step 4: Analyze Altus Power stock

Once you have selected the best place to buy Altus Power stock, it's crucial to evaluate their stock prior to buying, so you can comprehend the risk and opportunity.

Altus Power quick stats

AMPS Price
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Nov 13, 2023
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Altus Power Fundamentals

WallStreetZen was built to help part-time investors do more accurate fundamental analysis in less time.

You can see all of the due diligence checks on AMPS's stock page.

Is AMPS stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge AMPS's true value.

Using relative valuations methods:

  • AMPS may be undervalued based on its P/B ratio of 1.95x, relative to Utilities - Renewable industry P/B ratio of 2.12x

You can do more valuation research on AMPS's stock here.

A quick look at AMPS Financials

Signs that AMPS is financially healthy:

  • AMPS has cash burn of 63398000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the AMPS balance sheet.
  • AMPS has $72.81M in cash and short term investments. This is enough to cover its annual cash burn of $63.40M.

Signs that AMPS is not financially healthy:

  • AMPS profit margin has gone down from 105.8% to -12.5% in the past year.
  • There are more long-term liabilities than short-term assets on the AMPS balance sheet.
  • AMPS has a relatively high debt to equity ratio of 2.75.

Do analysts think it's a good time to buy AMPS stock

Out of 5 Equities analysts who give forecasts on AMPS, the consensus analyst rating on AMPS is a Strong Buy

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

Latest AMPS Analyst Ratings

Stephen Byrd, a top 10% analyst from Morgan Stanley maintains AMPS with a strong buy rating and raises their AMPS price target from $10.00 to $12.00, on Sep 6, 2023.

Morgan Stanley's Stephen Byrd raised their price target on Altus Power (NYSE: AMPS) by 20% from $10 to $12 on 2023/09/06. The analyst maintained their Strong Buy rating on the stock.

Byrd reported that their update was catalyzed by a deep dive into their Utilities and Clean Tech sector coverage area.

Overall, the analyst noted that Q2 was a "rocky" earnings season, with significant guidance adjustments and adverse market reactions.

Ryan Levine, a bottom 13% analyst from Citigroup maintains AMPS with a strong buy rating and raises their AMPS price target from $7.00 to $8.50, on Jul 20, 2023.

Christopher Souther, a bottom 7% analyst from B. Riley Securities maintains AMPS with a strong buy rating and lowers their AMPS price target from $14.00 to $11.00, on Jun 30, 2023.

James West, a top 9% analyst from Evercore ISI Group maintains AMPS with a buy rating and lowers their AMPS price target from $12.00 to $10.00, on May 16, 2023.

Justin Clare, a bottom 4% analyst from Roth MKM maintains AMPS with a strong buy rating and lowers their AMPS price target from $11.00 to $10.00, on May 16, 2023.

You can dig deeper into what analysts are projecting on the Altus Power stock forecast page.

AMPS Technical Indicators

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AMPS Growth Metrics

Last year, AMPS revenue was $133.09M. In the past 2 year, AMPS's revenue has gone up by 56.39% per year. This was faster than the Utilities - Renewable industry average of 27.29%.

Learn more about AMPS's earnings and revenue performance here.

What are AMPS executives and large shareholders up to?

In the last year, executives and large shareholders at AMPS have sold more shares than they have bought.

Anthony Savino, COFOUNDERCHIEF CONST. OFFICER of AMPS, was the latest AMPS insider to sell. They sold $152,975.00 worth of AMPS stock on Aug 25, 2023.

Learn more about who owns AMPS stock here.

Can I rely on AMPS as an income stream?

No, Altus Power doesn't provide an income stream by paying out dividends.

What others are saying about AMPS

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Step 5: Place your AMPS trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.

Press the Open button and your broker will place the order.

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Step 6: Monitor your AMPS investment

Now that you own some AMPS shares, you'll want to stay up-to-date on your new stock purchase.

Add AMPS to a watchlist to track your AMPS stock.


How to Buy Stock in Altus Power

To summarize, here are the 6 steps to buy Altus Power stock:

  1. Choose where to buy Altus Power stock
  2. Create a brokerage account
  3. Deposit money your brokerage account
  4. Analyze Altus Power stock
  5. Place your AMPS trade
  6. Monitor your AMPS investment

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If you want to get the latest scoop on your investment in Altus Power, create a watchlist on WallStreetZen today.

$5.47-0.04 (-0.73%)
Updated Sep 22, 2023
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$5.47-0.04 (-0.73%)
Updated Sep 22, 2023
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How much does it cost to buy one Altus Power share?

As of Sep 22, 2023, it costs $5.47 to buy one share of Altus Power stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.366 shares of AMPS.

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Is now a good time to buy Altus Power stock?

According to 5 Wall Street analysts who monitor Altus Power, their consensus recommendation is to buy Altus Power stock.

What is the best way to buy Altus Power stock?

One way to place an order for Altus Power stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.