Altus Power (NYSE:AMPS) Price Target Raised to $14.00 at Morgan Stanley

Altus Power (NYSE:AMPSGet Rating) had its target price raised by Morgan Stanley from $12.50 to $14.00 in a report published on Thursday morning, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research firms also recently issued reports on AMPS. JPMorgan Chase & Co. lifted their price objective on shares of Altus Power from $9.00 to $11.00 and gave the stock a neutral rating in a report on Monday, August 8th. Citigroup downgraded shares of Altus Power from a buy rating to a neutral rating in a report on Friday, July 8th. Finally, B. Riley reaffirmed a buy rating on shares of Altus Power in a report on Thursday, July 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to, the company has a consensus rating of Hold and an average target price of $12.67.

Altus Power Price Performance

Shares of NYSE:AMPS opened at $12.30 on Thursday. The firm has a fifty day moving average price of $9.75 and a two-hundred day moving average price of $7.92. The company has a debt-to-equity ratio of 1.25, a current ratio of 11.48 and a quick ratio of 11.48. Altus Power has a one year low of $4.26 and a one year high of $12.66.

Altus Power (NYSE:AMPSGet Rating) last announced its quarterly earnings results on Monday, August 15th. The company reported $0.02 EPS for the quarter. The firm had revenue of $24.76 million during the quarter, compared to the consensus estimate of $23.70 million. As a group, equities analysts anticipate that Altus Power will post 0.02 EPS for the current year.

Institutional Trading of Altus Power

Several hedge funds have recently added to or reduced their stakes in AMPS. Vanguard Group Inc. bought a new stake in Altus Power in the first quarter worth $12,973,000. State Street Corp lifted its stake in Altus Power by 1,231.0% in the second quarter. State Street Corp now owns 1,699,411 shares of the company’s stock worth $10,723,000 after purchasing an additional 1,571,727 shares during the last quarter. Kensico Capital Management Corp bought a new stake in Altus Power in the fourth quarter worth $10,711,000. Scopus Asset Management L.P. bought a new stake in Altus Power in the fourth quarter worth $6,256,000. Finally, Luxor Capital Group LP purchased a new position in shares of Altus Power in the fourth quarter valued at about $5,225,000. 43.73% of the stock is owned by institutional investors.

Altus Power Company Profile

(Get Rating)

Altus Power, Inc operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.

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