Shares of Altus Power, Inc. (NYSE:AMPS – Get Rating) saw strong trading volume on Thursday . 76,964 shares were traded during mid-day trading, a decline of 84% from the previous session’s volume of 489,507 shares.The stock last traded at $7.64 and had previously closed at $8.08.
Separately, Morgan Stanley decreased their price target on Altus Power from $10.50 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, June 13th.
The company’s 50-day moving average is $6.56. The company has a debt-to-equity ratio of 1.35, a current ratio of 10.67 and a quick ratio of 10.67.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPS. Liberty Mutual Group Asset Management Inc. acquired a new stake in Altus Power during the 4th quarter worth approximately $31,350,000. Telemark Asset Management LLC acquired a new stake in Altus Power during the 4th quarter worth approximately $20,900,000. Vanguard Group Inc. acquired a new stake in Altus Power during the 1st quarter worth approximately $12,973,000. Kensico Capital Management Corp acquired a new stake in Altus Power during the 4th quarter worth approximately $10,711,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Altus Power during the 4th quarter worth approximately $7,541,000. 89.11% of the stock is owned by institutional investors.
About Altus Power (NYSE:AMPS)
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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