Altus Power (NYSE:AMPS) Trading 5% Higher

Shares of Altus Power, Inc. (NYSE:AMPS – Get Rating) were up 5% during trading on Friday . The company traded as high as $4.88 and last traded at $4.86. Approximately 80,138 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,132,892 shares. The stock had previously closed at $4.63.

Analysts Set New Price Targets

A number of analysts have recently commented on AMPS shares. Evercore ISI cut their price objective on shares of Altus Power from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 31st. Morgan Stanley decreased their price objective on shares of Altus Power from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, April 3rd. Citigroup decreased their price objective on shares of Altus Power from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, April 4th. Finally, B. Riley reiterated a “buy” rating and issued a $14.00 price objective on shares of Altus Power in a report on Friday, March 31st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $11.00.

Altus Power Price Performance

The company’s 50-day moving average is $5.22 and its two-hundred day moving average is $6.63. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.15 and a quick ratio of 3.15. The firm has a market cap of $764.73 million, a P/E ratio of 14.15 and a beta of 0.58.

Institutional Investors Weigh In On Altus Power

Several institutional investors and hedge funds have recently bought and sold shares of AMPS. Ensign Peak Advisors Inc bought a new position in shares of Altus Power in the third quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new position in Altus Power in the 3rd quarter valued at approximately $30,000. C M Bidwell & Associates Ltd. bought a new position in Altus Power in the 3rd quarter valued at approximately $42,000. Nisa Investment Advisors LLC bought a new position in Altus Power in the 3rd quarter valued at approximately $40,000. Finally, Sandia Investment Management LP bought a new position in Altus Power in the 3rd quarter valued at approximately $55,000. Institutional investors own 43.73% of the company’s stock.

Altus Power Company Profile

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Altus Power, Inc, a clean electrification company, originates, develops, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. The company serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is based in Stamford, Connecticut.