Altus Power, Inc. (NYSE:AMPS) Short Interest Update

Altus Power, Inc. (NYSE:AMPSGet Rating) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 2,420,000 shares, a decrease of 18.8% from the April 15th total of 2,980,000 shares. Based on an average daily trading volume, of 404,500 shares, the days-to-cover ratio is presently 6.0 days. Approximately 3.7% of the company’s stock are short sold.

Shares of NYSE AMPS traded up $0.18 during mid-day trading on Wednesday, reaching $6.39. 502,613 shares of the company were exchanged, compared to its average volume of 454,293. The company has a debt-to-equity ratio of 1.61, a current ratio of 10.47 and a quick ratio of 10.47. Altus Power has a 1 year low of $4.26 and a 1 year high of $11.35. The business has a 50-day simple moving average of $6.79.

Altus Power (NYSE:AMPSGet Rating) last issued its quarterly earnings data on Thursday, March 24th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The company had revenue of $21.58 million during the quarter, compared to analysts’ expectations of $18.90 million. As a group, equities research analysts anticipate that Altus Power will post 0.03 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in AMPS. Triad Investment Management acquired a new position in Altus Power during the 1st quarter valued at about $31,000. JPMorgan Chase & Co. acquired a new position in Altus Power during the 1st quarter valued at about $39,000. Royal Bank of Canada acquired a new position in shares of Altus Power in the first quarter valued at about $46,000. Victory Capital Management Inc. acquired a new position in shares of Altus Power in the first quarter valued at about $62,000. Finally, Citigroup Inc. acquired a new position in shares of Altus Power in the first quarter valued at about $67,000. 89.11% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the company. Morgan Stanley assumed coverage on Altus Power in a report on Thursday, April 7th. They issued an “equal weight” rating and a $10.50 target price for the company. Zacks Investment Research upgraded Altus Power from a “sell” rating to a “hold” rating in a research note on Tuesday, February 1st.

Altus Power Company Profile (Get Rating)

Altus Power, Inc operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.

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