Are Things Looking Up For 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. Recently, Yahoo Finance discussed the stock, revealing that Altus Power, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results.

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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 $4.79 and fluctuated between $4.9400 as its day high and $4.7700 as its day low. The current market capitalization of Altus Power Inc is $761.99M. A total of 0.7 million shares were traded on the day, compared to an average of 1.09M shares.

In the most recent transaction, NORELL LARS sold 40,000 shares of AMPS for 6.86 per share on Mar 01 ’24. After the transaction, the CO-FOUNDER CO-CEO CO-PRESIDENT now owns 21,614,907 company shares. In a previous transaction on Feb 16 ’24, Savino Anthony sold 4,598 shares at 7.15 per share. AMPS shares that COFOUNDER,CHIEF CONST. OFFICER owns now total 3,887,663.

Among the insiders who sold shares, Weber Dustin disposed of 4,350 shares on Feb 16 ’24 at a per-share price of $7.15. This resulted in the CHIEF FINANCIAL OFFICER holding 1,884,926 shares of AMPS after the transaction. In another insider transaction, Savino Anthony sold 15,275 shares at $7.14 per share on Feb 15 ’24. Company shares held by the COFOUNDER,CHIEF CONST. OFFICER now total 3,892,261.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, AMPS has a high of $7.28 and a low of $4.08.

As of this writing, AMPS has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.09. The company reported an EPS of $0.03 in the last quarter, which was -25.00% lower than expectations of $0.04.

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. AMPS’s latest balance sheet shows that the firm has $325.98M in Cash & Short Term Investments as of fiscal 2021. There were $545.98M in debt and $32.89M in liabilities at the time. Its Book Value Per Share was $2.81, while its Total Shareholder’s Equity was $341.54M.

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, 0 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 Buy with a score of 5.00.

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