NYSE:AMPS

Altus Power (AMPS) Stock Price, News & Analysis

$3.45
-0.23 (-6.25%)
(As of 12:21 PM ET)
Today's Range
$3.41
$3.63
50-Day Range
$3.62
$7.27
52-Week Range
$3.40
$7.28
Volume
408,825 shs
Average Volume
1.09 million shs
Market Capitalization
$548.83 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.25

Altus Power MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
131.1% Upside
$8.25 Price Target
Short Interest
Bearish
10.74% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.26mentions of Altus Power in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$530,948 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.11) to ($0.03) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.02 out of 5 stars

Oils/Energy Sector

168th out of 234 stocks

Electric Services Industry

30th out of 41 stocks

AMPS stock logo

About Altus Power Stock (NYSE:AMPS)

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.

AMPS Stock Price History

AMPS Stock News Headlines

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Altus Power (NYSE:AMPS) Sets New 1-Year Low at $4.08
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Altus Power Full Year 2023 Earnings: Misses Expectations
AMPS and MNTK are among utility movers
Recap: Altus Power Q4 Earnings
Earnings Outlook For Altus Power
Altus Power Stock (NYSE:AMPS) is Heating Up
7 Solar Stocks That Could Make Your February Unforgettable
See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Fax
N/A
Employees
93
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.25
High Stock Price Target
$10.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+124.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-9,350,000.00
Pretax Margin
-17.18%

Debt

Sales & Book Value

Annual Sales
$155.16 million
Cash Flow
$0.32 per share
Book Value
$3.14 per share

Miscellaneous

Free Float
120,424,000
Market Cap
$585.41 million
Optionable
Optionable
Beta
0.88
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Key Executives

  • Mr. Lars R. Norell (Age 52)
    Co-Founder, Co-CEO & Director
    Comp: $550k
  • Mr. Gregg J. Felton II (Age 53)
    Co-Founder, Co-CEO & Director
    Comp: $550k
  • Mr. Anthony P. Savino (Age 66)
    Co-Founder & Chief Construction Officer
    Comp: $350k
  • Mr. Dustin L. Weber (Age 43)
    Chief Financial Officer
    Comp: $529.72k
  • Mr. Chris Shelton
    Head of Investor Relations
  • Ms. Sophia Lee
    Corporate Secretary, Chief Legal Officer & Chief Sustainability Officer
  • Ms. Melissa Boulan
    Chief People Officer
  • Mr. Daniel S. Alcombright
    Chief Platform Officer
  • Ms. Julia Sears
    Chief Digital Officer
  • Mr. Steve D'Agostino
    Head of Analytics

AMPS Stock Analysis - Frequently Asked Questions

Should I buy or sell Altus Power stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Power in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMPS shares.
View AMPS analyst ratings
or view top-rated stocks.

What is Altus Power's stock price target for 2024?

7 analysts have issued 12 month price objectives for Altus Power's stock. Their AMPS share price targets range from $7.00 to $10.00. On average, they expect the company's share price to reach $8.25 in the next year. This suggests a possible upside of 131.1% from the stock's current price.
View analysts price targets for AMPS
or view top-rated stocks among Wall Street analysts.

How have AMPS shares performed in 2024?

Altus Power's stock was trading at $6.83 at the beginning of 2024. Since then, AMPS stock has decreased by 47.7% and is now trading at $3.57.
View the best growth stocks for 2024 here
.

Are investors shorting Altus Power?

Altus Power saw a increase in short interest in the month of 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 trading volume of 1,070,000 shares, the short-interest ratio is presently 7.7 days. Currently, 10.7% of the shares of the company are short sold.
View Altus Power's Short Interest
.

When is Altus Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our AMPS earnings forecast
.

How can I listen to Altus Power's earnings call?

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".

How were Altus Power's earnings last quarter?

Altus Power, Inc. (NYSE:AMPS) issued its quarterly earnings results 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 company earned $34.19 million during the quarter, compared to analysts' expectations 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%.

What guidance has Altus Power issued on next quarter's earnings?

Altus Power issued an update on its FY 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share 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.

Who are Altus Power's major shareholders?

Altus Power's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends
.

How do I buy shares of Altus Power?

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.
Compare Top Brokerages Here.

This page (NYSE:AMPS) was last updated on 4/25/2024 by MarketBeat.com Staff

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