NYSE:AMPS

Altus Power (AMPS) Stock Forecast, Price & News

$5.16

+0.15 (+2.99%)

(As of 06/5/2023 ET)

Compare

Today's Range: $4.99
▼
$5.20
50-Day Range: $4.17
▼
$5.66
52-Week Range: $4.08
▼
$14.72

Volume: 864,029 shs
Average Volume: 1.19 million shs
Market Capitalization: $826.40 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.67

Altus Power MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 106.5% Upside
$10.67 Price Target
Short Interest: Healthy
5.85% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.89
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$432,775 Bought Last Quarter
Proj. Earnings Growth: 466.67%
From $0.03 to $0.17 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Oils/Energy Sector

59th out of 244 stocks

Electric Services Industry

8th 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 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.67, Altus Power has a forecasted upside of 106.5% from its current price of $5.17.
Amount of Analyst Coverage
Altus Power has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.85% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Altus Power has recently decreased by 0.63%, indicating that investor sentiment is improving.

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.

2.7

News and Social Media Coverage

News Sentiment
Altus Power has a news sentiment score of 0.89. 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 is a higher news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Altus Power this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for AMPS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Altus Power to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altus Power insiders have bought more of their company's stock than they have sold. Specifically, they have bought $432,775.00 in company stock and sold $0.00 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
43.73% of the stock of Altus Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Altus Power are expected to grow by 466.67% in the coming year, from $0.03 to $0.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altus Power is -258.12, 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 -258.12, 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 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Altus Power (NYSE:AMPS) Stock

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.

Receive AMPS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Altus Power and its competitors with MarketBeat's FREE daily newsletter.

AMPS Stock News Headlines

June 3, 2023 | americanbankingnews.com

Altus Power (NYSE:AMPS) Shares Gap Up on Insider Buying Activity

June 1, 2023 | americanbankingnews.com

Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton Acquires 22,500 Shares

June 5, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

May 24, 2023 | americanbankingnews.com

Altus Power, Inc. (NYSE:AMPS) CEO Purchases $110,250.00 in Stock

May 24, 2023 | americanbankingnews.com

Gregg J. Felton Buys 50,000 Shares of Altus Power, Inc. (NYSE:AMPS) Stock

May 23, 2023 | americanbankingnews.com

Head to Head Comparison: Altus Power (NYSE:AMPS) & Enlight Renewable Energy (NASDAQ:ENLT)

May 20, 2023 | americanbankingnews.com

Altus Power (NYSE:AMPS) PT Lowered to $10.00

May 18, 2023 | finance.yahoo.com

Altus Power, Inc. Announces Completion of New Asset in Mount Laurel, New Jersey

June 5, 2023 | MarketBeat Internal (Ad)

Save $200 on MarketBeat All Access

MarketBeat All Access is the premier all-in-one stock research solution that helps you identify the best stocks, monitor your portfolio, and keep track of the market. You get our top stock picks, best-in-class research tools, real-time alerts, proprietary research reports and much more. Claim your $200 account credit and free 30-day trial subscription today.

May 18, 2023 | americanbankingnews.com

Altus Power (NYSE:AMPS) Shares Gap Down After Analyst Downgrade

May 16, 2023 | msn.com

Roth MKM Maintains Altus Power Inc - (AMPS) Buy Recommendation

May 16, 2023 | msn.com

Evercore ISI Group Maintains Altus Power Inc - (AMPS) Outperform Recommendation

May 16, 2023 | markets.businessinsider.com

6 Analysts Have This to Say About Altus Power

May 16, 2023 | americanbankingnews.com

Analysts Set Altus Power, Inc. (NYSE:AMPS) Price Target at $11.00

May 15, 2023 | finance.yahoo.com

With A Return On Equity Of 11%, Has Altus Power, Inc.'s (NYSE:AMPS) Management Done Well?

May 13, 2023 | americanbankingnews.com

Altus Power (AMPS) to Release Earnings on Monday

May 4, 2023 | finance.yahoo.com

Altus Power, Inc. Announces Expansion into Maine with Completion of Newly Constructed Asset

April 29, 2023 | americanbankingnews.com

Altus Power (NYSE:AMPS) Stock Price Up 6.3%

April 27, 2023 | finance.yahoo.com

Altus Power, Inc. Evidences its Growing Footprint in Maryland with the Completion of a 2.5 Megawatt Solar Array

April 26, 2023 | finance.yahoo.com

Altus Power, Inc. Announces Date for Release of First Quarter 2023 Financial Results and Conference Call

April 25, 2023 | americanbankingnews.com

Altus Power, Inc. (NYSE:AMPS) Given Average Rating of "Buy" by Analysts

April 21, 2023 | americanbankingnews.com

Altus Power (NYSE:AMPS) Sets New 12-Month Low at $4.26

April 14, 2023 | finance.yahoo.com

Altus Power, Inc. to Present on J.P. Morgan Alternative Energy Spotlight Series

April 12, 2023 | barrons.com

Altus Power Inc.

April 12, 2023 | benzinga.com

Is Altus Power Inc (AMPS) Stock a Good Value Monday?

April 9, 2023 | benzinga.com

Should You Hold Altus Power Inc (AMPS) in Utilities - Renewable Industry?

April 6, 2023 | americanbankingnews.com

Altus Power (NYSE:AMPS) PT Lowered to $7.00

See More Headlines

AMPS Price History

30 days | 90 days | 365 days | Advanced Chart

AMPS Company Calendar

Last Earnings: 3/30/2023
Today: 6/05/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:AMPS
CUSIP: N/A
CIK: 1828723
Web: cbreacquisitionholdings.com
Phone: 203-698-0090
Fax: N/A
Employees: 44
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $10.67
High Stock Price Forecast: $14.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +108.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.02)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 170.67
P/E Growth: N/A
Net Income: $55.44 million
Net Margins: 0.57%
Pretax Margin: -1.83%
Return on Equity: -0.86%
Return on Assets: -0.28%

Debt

Debt-to-Equity Ratio: 1.79
Current Ratio: 0.97
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: $101.16 million
Price / Sales: 8.10
Cash Flow: $0.21 per share
Price / Cash Flow: 24.62
Book Value: $2.80 per share
Price / Book: 1.83

Miscellaneous

Outstanding Shares: 160,000,000
Free Float: 109,517,000
Market Cap: $819.20 million
Optionable: Optionable
Beta: 0.58

Key Executives

Mr. Lars R. Norell (Age 51)
Co-Founder, Co-CEO & Director
Comp: $1.41M

Mr. Gregg J. Felton II (Age 52)
Co-Founder, Co-CEO & Director
Comp: $1.41M

Mr. Anthony P. Savino (Age 65)
Co-Founder & Chief Construction Officer
Comp: $680k

Mr. Dustin L. Weber (Age 42)
Chief Financial Officer
Comp: $700k

Mr. Chris Shelton
Head of Investor Relations

Ms. Sophia Lee
Corp. Sec. & Chief Legal Officer

Ms. Melissa Boulan
Chief People Officer

Mr. Sean Rheuben J.D.
Managing Director

Mr. Daniel S. Alcombright
Chief Platform Officer

Ms. Julia Sears
Chief Digital Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMPS Stock - Frequently Asked Questions

Should I buy or sell Altus Power stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altus Power in the last year. There are currently 6 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 forecast for 2023?: 6 analysts have issued twelve-month price targets for Altus Power's shares. Their AMPS share price forecasts range from $7.00 to $14.00. On average, they expect the company's share price to reach $10.67 in the next year. This suggests a possible upside of 108.3% 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 2023?: Altus Power's stock was trading at $6.52 at the start of the year. Since then, AMPS stock has decreased by 21.5% and is now trading at $5.12.
View the best growth stocks for 2023 here.
When is Altus Power's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our AMPS earnings forecast.
How were Altus Power's earnings last quarter?: Altus Power, Inc. (NYSE:AMPS) posted its earnings results on Thursday, March, 30th. The company reported ($0.03) earnings per share for the quarter. The business earned $26.76 million during the quarter, compared to analyst estimates of $28.03 million. Altus Power had a net margin of 0.57% and a negative trailing twelve-month return on equity of 0.86%.
What ETFs hold Altus Power's stock?: ETFs with the largest weight of Altus Power (NYSE:AMPS) stock in their portfolio include SPDR Kensho Clean Power ETF (CNRG), Invesco WilderHill Clean Energy ETF (PBW), Invesco Solar ETF (TAN), Ecofin U.S. Renewables Infrastructure Trust (RNEW), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), SPDR S&P Kensho New Economies Composite ETF (KOMP), Global X Solar ETF (RAYS) and ALPS Clean Energy ETF (ACES).

What is Altus Power's stock symbol?: Altus Power trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMPS."
Who are Altus Power's major shareholders?: Altus Power's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.43%), State Street Corp (2.33%), Hood River Capital Management LLC (2.02%), CIBC Private Wealth Group LLC (0.90%), Telemark Asset Management LLC (0.81%) and Geode Capital Management LLC (0.74%). Insiders that own company stock include Altus Holdings Lp Gso and Gregg J Felton.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Altus Power's stock price today?: One share of AMPS stock can currently be purchased for approximately $5.12.
How much money does Altus Power make?: Altus Power (NYSE:AMPS) has a market capitalization of $819.20 million and generates $101.16 million in revenue each year. The company earns $55.44 million in net income (profit) each year or ($0.02) on an earnings per share basis.
How can I contact Altus Power?: Altus Power's mailing address is 2100 MCKINNEY AVENUE SUITE 1250, DALLAS TX, 75201. The official website for the company is cbreacquisitionholdings.com. The company can be reached via phone at 203-698-0090 or via email at kristyn.farahmand@cbre.com.

This page (NYSE:AMPS) was last updated on 6/5/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial