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 $3.41, up 4.28% from the previous day, and has decreased 42.3% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.5 percentage points. Altus Power stock is currently +22% from its 52-week low of $2.80, and -53.16% from its 52-week high of $7.28.
At the moment, there are 160.79M AMPS shares outstanding. The market capitalization of AMPS is $548.28M. In the last 24 hours, 748,795 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.
Our favorite brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Real Estate, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by opening an account with eToro now.
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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
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 overvalued based on its P/E ratio of 24.36x, relative to Utilities - Renewable industry P/E ratio of 12.85x
- AMPS may be undervalued based on its P/B ratio of 1.12x, relative to Utilities - Renewable industry P/B ratio of 3.57x
You can do more valuation analysis on AMPS's stock here.
AMPS Financial Health Summary
Signs that AMPS is financially healthy:
- AMPS has cash burn of 40902000. It has sufficient cash and short-term investments to cover this for at least one year.
- AMPS profit margin has gone up from -12.5% to 13.5% in the past year.
Signs that AMPS is not financially healthy:
- AMPS has $79.55M in cash and short term investments. This is not enough to cover its annual cash burn of $40.90M.
- There are more short-term liabilities than short-term assets on the AMPS balance sheet.
- AMPS has a relatively high debt to equity ratio of 3.2.
- There are more long-term liabilities than short-term assets on the AMPS balance sheet.
Is AMPS stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 Equities analysts who monitor AMPS, the consensus analyst rating on Altus Power is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest AMPS Analyst Forecasts
Christopher Souther, a bottom 2% analyst from B. Riley Securities maintains AMPS with a strong buy rating and lowers their AMPS price target from $7.00 to $6.00, on May 15, 2024.
James West, a top 11% analyst from Evercore ISI Group maintains AMPS with a buy rating and lowers their AMPS price target from $9.00 to $7.00, on May 15, 2024.
You can dig deeper into what analysts are projecting on the Altus Power stock forecast page.
AMPS Trading Indicators
How are AMPS Revenues/Earnings doing?
Last year, AMPS earnings were $23.36M. Over the past three year, AMPS's earnings have grown by -99.99% per year. This was slower than the Utilities - Renewable industry average of 78.03%.
Last year, AMPS revenue was $172.39M. In the last 3 year, AMPS's revenue has grown by 129.42% per year. This was faster than the Utilities - Renewable industry average of 12.92%.
You can analyze AMPS's earnings and revenue performance here.
What are AMPS executives and large shareholders up to?
In the last 12 months, insiders at AMPS have sold more shares than they have bought.
Gregg J. Felton, CO-FOUNDER CEO PRESIDENT of AMPS, was the latest AMPS insider to buy. They bought $136,214.61 worth of AMPS stock on Jun 7, 2024.
Research more about who owns AMPS shares here.
Can I rely on AMPS as an income stream?
No, Altus Power doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your AMPS trade
You have two primary options:
- 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 lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place the order.
If you require more help buying stocks on eToro, click the helpful video below:
Step 6: Monitor your AMPS investment
Now that you own some AMPS shares, you'll want to keep up with your shares.
Put AMPS on a watchlist to track the latest developments regarding your AMPS stock.
AMPS Feed
How to Buy Stock in Altus Power
To reiterate, here are the 6 steps you need to take to buy Altus Power stock right now:
- 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 would like to monitor your investment in Altus Power, create a watchlist today.
More "How To" Guides You Might Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.