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.
- 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.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your method of payment and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to open a new brokerage account.
- Submit your application by hitting the "Create Account" button.
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.
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
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
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
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
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.
If you need more help investing in stocks on eToro, watch the how to video below:
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.
AMPS Feed
How to Buy Stock in Altus Power
To summarize, here are the 6 steps to buy Altus Power stock:
- Choose where to buy Altus Power stock
- Create a brokerage account
- Deposit money your brokerage account
- Analyze Altus Power stock
- Place your AMPS trade
- Monitor your AMPS investment
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Altus Power, create a watchlist on WallStreetZen today.
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