Altus Power (NYSE:AMPS) Rating Increased to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Altus Power (NYSE:AMPS) from an underweight rating to a neutral rating in a report published on Thursday morning, MarketBeat.com reports. They currently have $5.00 price objective on the stock.

Several other equities analysts also recently commented on AMPS. Roth Mkm reaffirmed a “buy” rating and set a $4.50 price objective on shares of Altus Power in a research note on Wednesday, October 16th. Citigroup lowered their price target on Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Altus Power has a consensus rating of “Buy” and a consensus target price of $5.19.

Altus Power Trading Up 27.3 %

NYSE:AMPS opened at $4.88 on Thursday. The firm has a market capitalization of $783.90 million, a P/E ratio of 22.16 and a beta of 1.05. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The company has a fifty day moving average of $3.97 and a 200 day moving average of $3.63. Altus Power has a 52 week low of $2.71 and a 52 week high of $7.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE raised its holdings in Altus Power by 11,326.2% in the fourth quarter. US Bancorp DE now owns 9,598 shares of the company’s stock worth $39,000 after purchasing an additional 9,514 shares in the last quarter. Iridian Asset Management LLC CT bought a new position in shares of Altus Power in the 3rd quarter worth about $40,000. HighTower Advisors LLC purchased a new position in Altus Power during the 3rd quarter valued at about $41,000. Intech Investment Management LLC purchased a new position in Altus Power during the 3rd quarter valued at about $86,000. Finally, Ballentine Partners LLC bought a new stake in Altus Power during the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 46.55% of the company’s stock.

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.