Altus Power (AMPS) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Power in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMPS shares.
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7 brokers have issued 1-year target prices for Altus Power's stock. Their AMPS share price targets range from $7.00 to $10.00. On average, they predict the company's share price to reach $8.63 in the next year. This suggests a possible upside of 123.7% from the stock's current price.
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Altus Power's stock was trading at $6.83 at the beginning of the year. Since then, AMPS shares have decreased by 43.6% and is now trading at $3.8550.
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Altus Power saw a increase in short interest in March. As of March 31st, there was short interest totaling 8,260,000 shares, an increase of 8.5% from the March 15th total of 7,610,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 7.7 days. Currently, 10.7% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our AMPS earnings forecast.

Altus Power will be holding an earnings conference call on Thursday, May 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "1176723".

Altus Power, Inc. (NYSE:AMPS) issued its quarterly earnings data on Thursday, March, 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm had revenue of $34.19 million for the quarter, compared to the consensus estimate of $42.85 million. Altus Power had a negative net margin of 6.03% and a negative trailing twelve-month return on equity of 0.30%.

Altus Power (NYSE:AMPS) pays an annual dividend of $1.59 per share and currently has a dividend yield of 0.00%.

ETFs with the largest weight of Altus Power (NYSE:AMPS) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), SPDR S&P Kensho Clean Power ETF (CNRG), Invesco Solar ETF (TAN), Global X Solar ETF (RAYS), Ecofin U.S. Renewables Infrastructure Trust (RNEW), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).ALPS Clean Energy ETF (ACES) and

Altus Power updated its FY 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200.0 million-$222.0 million, compared to the consensus revenue estimate of $224.9 million.

Altus Power's stock is owned by a number of retail and institutional investors. Top institutional investors include Bouvel Investment Partners LLC (0.19%) and Triad Investment Management (0.04%). Insiders that own company stock include Altus Holdings Lp Gso, Anthony Savino, Dustin Weber, Gregg J Felton, Lars Norell and William F Concannon.
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Shares of AMPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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