Altus Power (AMPS) Expected to Announce Quarterly Earnings on Monday

Altus Power (NYSE:AMPSGet Free Report) is anticipated to release its earnings data after the market closes on Monday, March 17th. Analysts expect Altus Power to post earnings of ($0.03) per share and revenue of $46.64 million for the quarter.

Altus Power Stock Performance

Shares of AMPS stock opened at $4.95 on Friday. Altus Power has a one year low of $2.71 and a one year high of $5.50. The firm has a 50-day moving average of $4.45 and a 200-day moving average of $3.88. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $795.14 million, a P/E ratio of 22.48 and a beta of 0.98.

Insider Activity

In other news, CEO Gregg J. Felton sold 71,161 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $349,400.51. Following the completion of the sale, the chief executive officer now directly owns 4,023,696 shares in the company, valued at $19,756,347.36. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony Savino sold 8,823 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $43,320.93. Following the sale, the insider now owns 4,088,231 shares of the company’s stock, valued at $20,073,214.21. The trade was a 0.22 % 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. 24.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Seaport Res Ptn lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Thursday, February 6th. UBS Group lowered shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Monday, February 10th. Finally, B. Riley lowered shares of Altus Power from a “buy” rating to a “neutral” rating and cut their price objective for the company from $6.00 to $5.00 in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Altus Power has a consensus rating of “Hold” and a consensus price target of $5.06.

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About Altus Power

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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.

Further Reading

Earnings History for Altus Power (NYSE:AMPS)

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