Stock Price
P/E Ratio
Volume Traded Today
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Altus Power, Inc. Market Cap
From what 10 stock analysts predict, the share price for Altus Power, Inc. (AMPS) might increase by 37.84% in the next year. This is based on a 12-month average estimation for AMPS. Price targets go from $4 to $7. The majority of stock analysts believe AMPS is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 10 Wall Street analysts have assignedAMPS 8 buy ratings, 2 hold ratings, and 0 sell ratings. This means that analysts expect Altus Power, Inc. to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on AMPS. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of AMPS.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Ryan Levine Citigroup | Buy | $5.5 | Maintains | Oct 22, 2024 |
| Justin Clare Roth MKM | Buy | $4.5 | Reiterates | Oct 16, 2024 |
| Stephen Byrd Morgan Stanley | Equal-Weight | $4 | Downgrade | Aug 21, 2024 |
| Tate Sullivan Maxim Group | Buy | $4.5 | Maintains | Aug 12, 2024 |
| Justin Clare Roth MKM | Buy | $4.5 | Maintains | Aug 9, 2024 |
| Jon Windham UBS | Buy | $5 | Maintains | Aug 9, 2024 |
| Jeff Campbell Seaport Global | Buy | $6.5 | Initiates | Jun 3, 2024 |
| Justin Clare Roth MKM | Buy | $5 | Maintains | May 16, 2024 |
| Christopher Souther B. Riley Securities | Buy | $6 | Maintains | May 15, 2024 |
| James West Evercore ISI Group | Outperform | $7 | Maintains | May 15, 2024 |
| Mark Strouse JP Morgan | Neutral | Downgrade | May 15, 2024 | |
| Justin Clare Roth MKM | Buy | $7 | Reiterates | Apr 30, 2024 |
| Christopher Souther B. Riley Securities | Buy | $7 | Maintains | Apr 22, 2024 |
| Stephen Byrd Morgan Stanley | Overweight | $9 | Maintains | Apr 11, 2024 |
| Justin Clare Roth MKM | Buy | $7 | Maintains | Mar 15, 2024 |
| Christopher Souther B. Riley Securities | Buy | $10 | Maintains | Feb 5, 2024 |
| Stephen Byrd Morgan Stanley | Overweight | $9 | Maintains | Dec 8, 2023 |
| Abhishek Sinha Northland Capital Markets | Outperform | $10 | Initiates | Nov 30, 2023 |
| Jon Windham UBS | Buy | $9 | Maintains | Nov 14, 2023 |
| Mark Strouse JP Morgan | Overweight | $7 | Maintains | Nov 14, 2023 |
When did it IPO
2005
Staff Count
93
Country
United States
Sector/Industry
Utilities/Utilities - Renewable
CEO
Mr. Gregg J. Felton II
Market Cap
$635.2M
In 2023, AMPS generated $155.2M in revenue, which was a increase of 53.38% from the previous year. This can be seen as a signal that AMPS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 05 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Altus Power (NYSE: AMPS) has acquired three operational projects in Maine, adding 12.8 MW of clean electric power capacity, enhancing its presence in the state.
Why It Matters - Altus Power's acquisition of operational projects enhances its market position and revenue potential, signaling growth in clean energy and likely boosting investor confidence in the company's future performance.
Mon, 02 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Altus Power (NYSE: AMPS) CEO Gregg Felton will speak at industry conferences on Dec. 4 and 5, focusing on clean energy amid rising demand.
Why It Matters - Altus Power's CEO participation in key industry conferences highlights the company's active role in the growing clean energy sector, potentially influencing investor sentiment and stock performance.
Thu, 21 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Altus Power has acquired a 3.4 MW solar project from Chaberton Energy in East New Market, Maryland. Altus will develop and construct the project, enhancing its clean energy portfolio.
Why It Matters - Altus Power's acquisition boosts its renewable energy portfolio, potentially increasing revenue and market share while aligning with sustainability trends, crucial for long-term growth.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Altus Power, Inc. (NYSE:AMPS) will hold its Q3 2024 Earnings Conference Call on November 12, 2024, at 4:30 PM ET, featuring key company executives and analysts.
Why It Matters - Altus Power's Q3 earnings call may reveal key financial metrics and strategic insights, impacting stock valuation and investor sentiment in the renewable energy sector.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Altus Power, Inc. (NYSE: AMPS) reported Q3 2024 results, surpassing 1 GW in operating assets, highlighting its leadership in the commercial scale solar sector.
Why It Matters - Altus Power's strong Q3 performance and surpassing 1 GW in operating assets signal growth in the commercial solar sector, potentially boosting investor confidence and stock value.
Tue, 12 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Altus Power, Inc. (AMPS) reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.03 and up from $0.03 per share a year prior.
Why It Matters - Altus Power's strong earnings beat signals robust performance and growth, potentially boosting investor confidence and influencing stock valuation positively.
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