NYSE:AMPS Altus Power (AMPS) Stock Forecast, Price & News $5.81 -0.19 (-3.17%) (As of 09/20/2023 ET) Add Compare Share Share Today's Range$5.80▼$6.0850-Day Range$5.81▼$6.8252-Week Range$4.08▼$14.72Volume773,958 shsAverage Volume1.22 million shsMarket Capitalization$929.60 millionP/E RatioN/ADividend YieldN/APrice Target$10.67 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Altus Power MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside83.6% Upside$10.67 Price TargetShort InterestBearish6.38% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.48Based on 3 Articles This WeekInsider TradingSelling Shares$308,500 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.02) to $0.14 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.17 out of 5 starsOils/Energy Sector130th out of 234 stocksElectric Services Industry33rd out of 41 stocks 3.5 Analyst's Opinion Consensus RatingAltus 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/DownsideAccording to analysts' consensus price target of $10.67, Altus Power has a forecasted upside of 83.6% from its current price of $5.81.Amount of Analyst CoverageAltus Power has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.38% of the float of Altus Power has been sold short.Short Interest Ratio / Days to CoverAltus Power has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Altus Power has recently decreased by 2.17%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldAltus Power does not currently pay a dividend.Dividend GrowthAltus Power does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AMPS. Previous Next 2.5 News and Social Media Coverage News SentimentAltus Power has a news sentiment score of 0.48. 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 lower news sentiment than the 0.61 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Altus Power this week, compared to 2 articles on an average week.Search Interest13 people have searched for AMPS on MarketBeat in the last 30 days. This is an increase of 63% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Altus Power to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Altus Power insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $308,500.00 in company stock.Percentage Held by Insiders31.55% 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 Institutions45.92% of the stock of Altus Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Altus Power are expected to grow in the coming year, from ($0.02) to $0.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Altus Power is -41.50, 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. SectorThe P/E ratio of Altus Power is -41.50, 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 RatioAltus Power has a P/B Ratio of 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Altus Power (NYSE:AMPS) StockAltus 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. The company was founded in 2013 and is headquartered in Stamford, Connecticut.Read More AMPS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AMPS Stock News HeadlinesSeptember 15, 2023 | seekingalpha.comAltus Power: H2 2023 EBITDA Guidance Is Achievable And FY24 Outlook Is PositiveSeptember 15, 2023 | americanbankingnews.comAltus Power, Inc. (NYSE:AMPS) Receives Average Rating of "Buy" from BrokeragesSeptember 21, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 8, 2023 | baystreet.caAltus Power Dips on Boosting SolarSeptember 8, 2023 | finance.yahoo.comAltus Power Adds 3 MW of Solar Assets in the Greater Boston AreaSeptember 6, 2023 | markets.businessinsider.com4 Analysts Have This to Say About Altus PowerSeptember 6, 2023 | msn.comMorgan Stanley Maintains Altus Power Inc - (AMPS) Overweight RecommendationAugust 25, 2023 | uk.finance.yahoo.comAltus Power (NYSE:AMPS) shareholders have endured a 46% loss from investing in the stock a year agoSeptember 21, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.August 14, 2023 | seekingalpha.comAltus Power, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 14, 2023 | finance.yahoo.comAltus Power, Inc. Announces Second Quarter 2023 Financial ResultsAugust 11, 2023 | benzinga.comAltus Power Earnings PreviewJuly 31, 2023 | finance.yahoo.comMaking Power, Making Progress: Altus Power Releases Second Annual Sustainability ReportJuly 26, 2023 | seekingalpha.comAltus Power: Assessing An Alt-Energy PlayJuly 19, 2023 | finance.yahoo.comAltus Power Announces Acquisition of 4.4 MW Portfolio in Southern CaliforniaJuly 17, 2023 | finance.yahoo.comAltus Power, Inc. Announces Date for Release of Second Quarter 2023 Financial Results and Conference CallJuly 13, 2023 | finance.yahoo.comAltus Power Community Solar Now Available to New Jersey ResidentsJuly 5, 2023 | finance.yahoo.comAltus Power, Inc. Announces Completion of 5 Megawatt Solar Array in New YorkJuly 1, 2023 | msn.comB. Riley Securities Maintains Altus Power Inc - (AMPS) Buy RecommendationJuly 1, 2023 | seekingalpha.comAltus Power: Incredible EBITDA Growth Ahead Ignited By ExpansionJuly 1, 2023 | seekingalpha.comAltus Power: Incredible EBITDA Growth Ahead Ignited By ExpansionJune 30, 2023 | morningstar.comAltus Power Inc Ordinary Shares - Class AJune 22, 2023 | finance.yahoo.comAltus Power Announces Hawaii’s First Large-Scale Community Solar ArrayJune 15, 2023 | finance.yahoo.comHigh Street Logistics and Altus Power Announce Strategic PartnershipJune 14, 2023 | benzinga.comMassive Insider Trade At Altus PowerJune 9, 2023 | benzinga.com10% Owner of Altus Power Purchased $1.32M In StockJune 9, 2023 | benzinga.comAltus Power 10% Owner Trades $1.32M In Company StockSee More Headlines 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. Email Address AMPS Company Calendar Last Earnings8/14/2023Today9/21/2023Next Earnings (Estimated)11/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:AMPS CUSIPN/A CIK1828723 Webcbreacquisitionholdings.com Phone203-698-0090FaxN/AEmployees59Year FoundedN/APrice Target and Rating Average Stock Price Forecast$10.67 High Stock Price Forecast$14.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+83.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.14) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$55.44 million Net Margins-12.51% Pretax Margin-14.89% Return on Equity0.10% Return on Assets0.03% Debt Debt-to-Equity Ratio1.82 Current Ratio1.09 Quick Ratio1.09 Sales & Book Value Annual Sales$101.16 million Price / Sales9.19 Cash Flow$0.20 per share Price / Cash Flow28.98 Book Value$2.80 per share Price / Book2.08Miscellaneous Outstanding Shares160,000,000Free Float109,517,000Market Cap$929.60 million OptionableOptionable Beta0.75 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Lars R. Norell (Age 51)Co-Founder, Co-CEO & Director Comp: $550kMr. Gregg J. Felton II (Age 52)Co-Founder, Co-CEO & Director Comp: $550kMr. Anthony P. Savino (Age 65)Co-Founder & Chief Construction Officer Comp: $350kMr. Dustin L. Weber (Age 42)Chief Financial Officer Comp: $529.72kMr. Chris SheltonHead of Investor RelationsMs. Sophia LeeCorp. Sec., Chief Legal Officer & Chief Sustainability OfficerMs. Melissa BoulanChief People OfficerMr. Sean Rheuben J.D.Managing DirectorMr. Daniel S. AlcombrightChief Platform OfficerMs. Julia SearsChief Digital OfficerMore ExecutivesKey CompetitorsCentral PuertoNYSE:CEPUEnlight Renewable EnergyNASDAQ:ENLTReNew Energy GlobalNASDAQ:RNWAtlantica Sustainable InfrastructureNASDAQ:AYDril-QuipNYSE:DRQView All CompetitorsInsiders & InstitutionsAnthony SavinoSold 25,000 sharesTotal: $153,000.00 ($6.12/share)Anthony SavinoSold 25,000 sharesTotal: $155,500.00 ($6.22/share)Kensico Capital Management CorpSold 14,000 shares on 8/15/2023Ownership: 0.677%CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENTBought 10,284 shares on 8/15/2023Ownership: 0.210%Wells Fargo & Company MNBought 8,975 shares on 8/15/2023Ownership: 0.030%View All Insider TransactionsView All Institutional Transactions AMPS Stock - Frequently Asked Questions Should I buy or sell Altus Power stock right now? 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. View AMPS analyst ratings or view top-rated stocks. What is Altus Power's stock price forecast for 2023? 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. 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 beginning of 2023. Since then, AMPS stock has decreased by 10.9% and is now trading at $5.81. View the best growth stocks for 2023 here. Are investors shorting Altus Power? 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. 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 Monday, November 13th 2023. View our AMPS earnings forecast. How were Altus Power's earnings last quarter? 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%. What ETFs hold Altus Power's stock? 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 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 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. 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 $5.81. How much money does Altus Power make? 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. 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 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Altus Power, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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