Altus Power (AMPS) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altus Power in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMPS shares.
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6 brokers have issued 12-month price targets for Altus Power's stock. 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 83.6% from the stock's current price.
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Altus Power's stock was trading at $6.52 at the beginning of 2023. Since then, AMPS stock has decreased by 10.9% and is now trading at $5.81.
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Altus Power saw a increase in short interest in August. As of August 15th, there was short interest totaling 5,070,000 shares, an increase of 20.7% from the July 31st total of 4,200,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 4.0 days. Approximately 6.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our AMPS earnings forecast.

Altus Power, Inc. (NYSE:AMPS) released its quarterly earnings results on Monday, August, 14th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company earned $46.51 million during the quarter, compared to analysts' expectations of $43.49 million. Altus Power had a negative net margin of 12.51% and a positive trailing twelve-month return on equity of 0.10%.

ETFs with the largest weight of Altus Power (NYSE:AMPS) stock in their portfolio include SPDR S&P Kensho Clean Power ETF (CNRG), Invesco WilderHill Clean Energy ETF (PBW), Invesco Solar ETF (TAN), Global X Solar ETF (RAYS), VanEck Green Infrastructure ETF (RNEW), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) and ALPS Clean Energy ETF (ACES) and

Altus Power trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMPS."

Altus Power's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.85%), State Street Corp (1.68%), Kensico Capital Management Corp (0.68%), Decade Renewable Partners LP (0.66%), Geode Capital Management LLC (0.62%) and Kayne Anderson Capital Advisors LP (0.37%). Insiders that own company stock include Altus Holdings Lp Gso, Anthony Savino, Dustin Weber, Gregg J Felton and William F Concannon.
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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.
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One share of AMPS stock can currently be purchased for approximately $5.81.

Altus Power (NYSE:AMPS) has a market capitalization of $929.60 million and generates $101.16 million in revenue each year. The company earns $55.44 million in net income (profit) each year or ($0.14) on an earnings per share basis.

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.