Altus Power (NYSE:AMPS) Rating Lowered to Neutral at UBS Group

UBS Group cut shares of Altus Power (NYSE:AMPS) from a buy rating to a neutral rating in a report published on Monday morning, MarketBeat Ratings reports. The firm currently has $5.00 price target on the stock.

Several other research analysts have also recently commented on the stock. B. Riley cut shares of Altus Power from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $6.00 to $5.00 in a report on Friday, February 7th. Roth Mkm restated a “buy” rating and set a $4.50 target price on shares of Altus Power in a report on Wednesday, October 16th. Citigroup reduced their target price on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating for the company in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a report on Thursday, February 6th. Finally, Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.06.

Altus Power Stock Up 0.2 %

Altus Power stock opened at $4.88 on Monday. The stock has a market capitalization of $784.68 million, a PE ratio of 22.18 and a beta of 1.05. Altus Power has a twelve month low of $2.71 and a twelve month high of $7.28. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The company has a 50 day moving average of $4.03 and a 200-day moving average of $3.64.

Institutional Investors Weigh In On Altus Power

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SevenBridge Financial Group LLC acquired a new stake in shares of Altus Power in the fourth quarter valued at approximately $41,000. Geode Capital Management LLC raised its position in Altus Power by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,564,740 shares of the company’s stock valued at $6,370,000 after purchasing an additional 10,450 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Altus Power by 23.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,656 shares of the company’s stock valued at $141,000 after purchasing an additional 6,524 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Altus Power during the fourth quarter valued at approximately $53,000. Finally, American Century Companies Inc. raised its position in Altus Power by 11.4% during the fourth quarter. American Century Companies Inc. now owns 95,816 shares of the company’s stock valued at $390,000 after purchasing an additional 9,794 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.

About Altus Power

Altus 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. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.