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Tuesday, January 31, 2023

The Street Is Finally Waking Up To Altus Power Inc. (NYSE: AMPS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Altus Power Inc. (AMPS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $8.41. The Altus Power Inc. has recorded 21,219 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Altus Power, Inc. Announces New Financing Agreement To Optimize Recent Acquisition from D.E. Shaw Renewable Investments.


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Stocks Info

Altus Power Inc. is listed on the NYSE as a member of the Utilities sector and is a part of the Utilities – Renewable industry. At the end of the last regular session, the stock closed at $8.41 and fluctuated between $8.56 as its day high and $8.16 as its day low. The current market capitalization of Altus Power Inc. is $1.33B. A total of 0.72 million shares were traded on the day, compared to an average of 1.01M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AMPS has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 5,088 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 3 SELLs from insiders. Insiders purchased 16,285,680 shares during that period but sold 14,735,359.

In the most recent transaction, GSO Altus Holdings LP sold 1,050,000 shares of AMPS for 11.01 per share on Oct 03. After the transaction, the 10% Owner now owns 20,775,125 company shares. In a previous transaction on Oct 03, GSO Altus Holdings LP sold 7,000,000 shares at 11.01 per share. AMPS shares that 10% Owner owns now total 21,825,125.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AMPS in the last 3 months, the mean price target is $12.29 with high estimates of $15.00 and low estimates of $10.00. In terms of 52-week highs and lows, AMPS has a high of $14.72 and a low of $4.26.

As of this writing, AMPS has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.01. The company reported an EPS of $0.39 in the last quarter, which was 2,050.00% higher than expectations of -$0.02.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMPS is Overweight with a score of 4.71. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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