Should I buy or sell Altus Power stock right now?

7 Wall Street equities 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 equities 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 targets for Altus Power's stock. Their AMPS share price targets range from $7.00 to $10.00. On average, they anticipate the company's share price to reach $8.63 in the next year. This suggests a possible upside of 123.4% 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 on January 1st, 2024. Since then, AMPS stock has decreased by 43.5% and is now trading at $3.86. View the best growth stocks for 2024 here .

Are investors shorting Altus Power?

Altus Power saw a increase in short interest during 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 daily volume of 1,070,000 shares, the days-to-cover 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 data on Thursday, March, 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm 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 ETFs hold Altus Power's stock?

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

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 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.

Who are Altus Power's major shareholders?

Altus Power's stock is owned by a number of institutional and retail 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 .

NYSE:AMPS

Altus Power (AMPS) Stock Price, News & Analysis

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$3.86

+0.01 (+0.26%)

(As of 04/18/2024 ET)

Compare

Today's Range: $3.81
▼
$3.97
50-Day Range: $3.73
▼
$7.27
52-Week Range: $3.66
▼
$7.28

Volume: 1.21 million shs
Average Volume: 1.08 million shs
Market Capitalization: $614.05 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.63

Get Altus Power alerts:

Altus Power MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 123.4% Upside
$8.63 Price Target
Short Interest: Bearish
10.74% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.49
Based on 8 Articles This Week
Insider Trading: Selling Shares
$530,948 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.10) to ($0.02) 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.

2.64 out of 5 stars

Oils/Energy Sector

140th out of 226 stocks

Electric Services Industry

26th out of 39 stocks

3.5

Analyst's Opinion

Consensus Rating
Altus Power has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Altus Power has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
10.74% of the float of Altus Power has been sold short.
Short Interest Ratio / Days to Cover
Altus Power has a short interest ratio ("days to cover") of 7.7.
Change versus previous month
Short interest in Altus Power has recently increased by 8.54%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Altus Power does not currently pay a dividend.
Dividend Growth
Altus Power does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AMPS.

3.0

News and Social Media Coverage

News Sentiment
Altus Power has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Altus Power this week, compared to 2 articles on an average week.
Search Interest
11 people have searched for AMPS on MarketBeat in the last 30 days. This is an increase of 22% compared to the previous 30 days.
MarketBeat Follows
10 people have added Altus Power to their MarketBeat watchlist in the last 30 days. This is an increase of 900% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altus Power insiders have sold 788.62% more of their company's stock than they have bought. Specifically, they have bought $59,750.00 in company stock and sold $530,948.00 in company stock.
Percentage Held by Insiders
31.55% of the stock of Altus Power is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
46.55% of the stock of Altus Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Altus Power are expected to grow in the coming year, from ($0.10) to ($0.02) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altus Power is -55.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altus Power is -55.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Altus Power has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

AMPS Stock News Headlines

April 2, 2024 | insidertrades.com

Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton Acquires 12,500 Shares

April 17, 2024 | americanbankingnews.com

Altus Power (NYSE:AMPS) Sets New 1-Year Low at $4.08

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April 15, 2024 | businesswire.com

Altus Power, Inc. Announces Date for Release of First Quarter 2024 Financial Results and Conference Call

April 13, 2024 | americanbankingnews.com

Altus Power (NYSE:AMPS) Stock Rating Reaffirmed by Morgan Stanley

April 11, 2024 | markets.businessinsider.com

Buy Rating for Altus Power on Strategic Growth and Market Opportunities

April 11, 2024 | investorplace.com

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April 11, 2024 | americanbankingnews.com

Maxim Group Initiates Coverage on Altus Power (NYSE:AMPS)

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March 26, 2024 | msn.com

Ex-merchant marine captain warns there is 'no way of controlling' cargo ship with mechanical error

March 16, 2024 | finance.yahoo.com

Altus Power, Inc. (NYSE:AMPS) Q4 2023 Earnings Call Transcript

March 16, 2024 | uk.finance.yahoo.com

Altus Power Full Year 2023 Earnings: Misses Expectations

March 15, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Altus Power Despite Mixed Results, Growth Plan Underpins Upside Potential

March 15, 2024 | msn.com

AMPS and MNTK are among utility movers

March 15, 2024 | msn.com

AMPS Stock Earnings: Altus Power Misses EPS, Misses Revenue for Q4 2023

March 14, 2024 | seekingalpha.com

Altus Power, Inc. 2023 Q4 - Results - Earnings Call Presentation

March 14, 2024 | benzinga.com

Recap: Altus Power Q4 Earnings

March 14, 2024 | finance.yahoo.com

Altus Power Inc (AMPS) Reports Mixed 2023 Financial Results Amidst Strong Revenue Growth

March 14, 2024 | businesswire.com

Altus Power, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

March 13, 2024 | benzinga.com

Earnings Outlook For Altus Power

March 4, 2024 | finance.yahoo.com

Altus Power Announces Appointment of CBRE Chief Sustainability Officer, Robert Bernard, to Board of Directors

February 22, 2024 | benzinga.com

Altus Power Stock (NYSE:AMPS), Short Interest Report

February 22, 2024 | benzinga.com

Altus Power Stock (NYSE:AMPS), Analyst Ratings, Price Targets, Predictions

February 20, 2024 | msn.com

Altus Power Stock (NYSE:AMPS) is Heating Up

February 18, 2024 | investorplace.com

7 Solar Stocks That Could Make Your February Unforgettable

February 17, 2024 | finance.yahoo.com

AMPS Mar 2024 5.000 put

February 17, 2024 | finance.yahoo.com

Altus Power Inc's Chief Construction Officer Anthony Savino Sells 50,000 Shares

See More Headlines

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Company Calendar

Last Earnings: 3/14/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Electric services
Sub-Industry: N/A
Current Symbol: NYSE:AMPS
CUSIP: N/A
CIK: 1828723
Web: cbreacquisitionholdings.com
Phone: 203-698-0090
Fax: N/A
Employees: 93
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $8.63
High Stock Price Target: $10.00
Low Stock Price Target: $7.00
Potential Upside/Downside: +123.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.07)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-9,350,000.00
Net Margins: -6.03%
Pretax Margin: -17.18%
Return on Equity: -0.30%
Return on Assets: -0.08%

Debt

Debt-to-Equity Ratio: 2.33
Current Ratio: 2.15
Quick Ratio: 2.15

Sales & Book Value

Annual Sales: $155.16 million
Price / Sales: 3.96
Cash Flow: $0.32 per share
Price / Cash Flow: 11.89
Book Value: $3.14 per share
Price / Book: 1.23

Miscellaneous

Outstanding Shares: 159,080,000
Free Float: 108,891,000
Market Cap: $614.05 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMPS Stock Analysis - Frequently Asked Questions

Should I buy or sell Altus Power stock right now?: 7 Wall Street equities 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 equities 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 targets for Altus Power's stock. Their AMPS share price targets range from $7.00 to $10.00. On average, they anticipate the company's share price to reach $8.63 in the next year. This suggests a possible upside of 123.4% 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 on January 1st, 2024. Since then, AMPS stock has decreased by 43.5% and is now trading at $3.86.
View the best growth stocks for 2024 here.
Are investors shorting Altus Power?: Altus Power saw a increase in short interest during 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 daily volume of 1,070,000 shares, the days-to-cover 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 data on Thursday, March, 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm 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 ETFs hold Altus Power's stock?: 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
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 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.
Who are Altus Power's major shareholders?: Altus Power's stock is owned by a number of institutional and retail 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 4/19/2024 by MarketBeat.com Staff

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Altus Power (AMPS) Stock Price, News & Analysis

Altus Power MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Altus Power Stock (NYSE:AMPS)

AMPS Stock Price History

AMPS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AMPS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™