Roth Mkm Reaffirms “Neutral” Rating for Altus Power (NYSE:AMPS)

Altus Power (NYSE:AMPS)‘s stock had its “neutral” rating reaffirmed by research analysts at Roth Mkm in a research note issued on Friday,Benzinga reports. They presently have a $5.00 target price on the stock. Roth Mkm’s target price points to a potential upside of 1.11% from the stock’s previous close.

Several other research analysts also recently issued reports on AMPS. B. Riley downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $6.00 to $5.00 in a report on Friday, February 7th. UBS Group downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Thursday, February 6th. Finally, Seaport Res Ptn downgraded Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.13.

Altus Power Stock Up 0.1 %

NYSE AMPS opened at $4.95 on Friday. The business has a fifty day moving average price of $4.52 and a two-hundred day moving average price of $3.95. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. Altus Power has a fifty-two week low of $2.71 and a fifty-two week high of $5.50. The stock has a market capitalization of $795.14 million, a PE ratio of 22.48 and a beta of 0.98.

Altus Power (NYSE:AMPS) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.28). The company had revenue of $44.47 million for the quarter, compared to analyst estimates of $46.64 million. Altus Power had a return on equity of 4.79% and a net margin of 19.18%. Equities analysts expect that Altus Power will post 0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Altus Power news, insider Anthony Savino sold 8,823 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $43,320.93. Following the completion of the sale, the insider now directly owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dustin Weber sold 9,162 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $44,985.42. Following the sale, the chief financial officer now owns 2,002,611 shares of the company’s stock, valued at approximately $9,832,820.01. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,146 shares of company stock worth $437,707. Company insiders own 24.30% of the company’s stock.

Institutional Trading of Altus Power

A number of large investors have recently bought and sold shares of AMPS. US Bancorp DE grew its holdings in Altus Power by 11,326.2% during the 4th quarter. US Bancorp DE now owns 9,598 shares of the company’s stock worth $39,000 after acquiring an additional 9,514 shares during the period. HighTower Advisors LLC bought a new position in shares of Altus Power during the 3rd quarter worth about $41,000. Citizens Financial Group Inc. RI bought a new position in shares of Altus Power during the 4th quarter worth about $41,000. SevenBridge Financial Group LLC bought a new position in shares of Altus Power during the 4th quarter worth about $41,000. Finally, One68 Global Capital LLC bought a new position in shares of Altus Power during the 4th quarter worth about $41,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

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.