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.
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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.
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You can see all of the due diligence checks on AMPS's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge AMPS's true value.
Using relative valuations methods:
You can do more valuation research on AMPS's stock here.
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.
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.
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.
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.
No, Altus Power doesn't provide an income stream by paying out dividends.
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