In the last trading session, 1.42 million shares of the Altus Power Inc (NYSE:AMPS) were traded, and its beta was 1.05. Most recently the company’s share price was $4.00, and it changed around $0.18 or 4.71% from the last close, which brings the market valuation of the company to $670.16M. AMPS currently trades at a discount to its 52-week high of $7.28, offering almost -82.0% off that amount. The share price’s 52-week low was $2.71, which indicates that the current value has risen by an impressive 32.25% since then. We note from Altus Power Inc’s average daily trading volume that its 10-day average is 0.81 million shares, with the 3-month average coming to 1.06 million.

Altus Power Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended AMPS as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Altus Power Inc is expected to report earnings per share of -0.04 for the current quarter.

Altus Power Inc (NYSE:AMPS) trade information

Instantly AMPS has showed a green trend with a performance of 4.71% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.33 on recent trading dayincreased the stock’s daily price by 7.62%. The company’s shares are currently down -41.43% year-to-date, but still down -7.41% over the last five days. On the other hand, Altus Power Inc (NYSE:AMPS) is 26.18% up in the 30-day period. We can see from the shorts that 8.57 million shares have been sold at a short interest cover period of 6.53 day(s).

The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bulls needing to increase their stock price by 11.11% from its current value. Analyst projections state that AMPS is forecast to be at a low of $4.5 and a high of $4.5.

Altus Power Inc (AMPS) estimates and forecasts

Altus Power Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.50 percent over the past six months and at a 780.00% annual growth rate that is well above the industry average of -9.50%. The year-over-year growth rate is expected to be 27.88%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 46.55M in revenue for the current quarter. 6 analysts expect Altus Power Inc to make 46.36M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 34.19M and 40.66M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 36.16%. Forecasts for the next quarter put sales growth at 14.02%.

AMPS Dividends

Altus Power Inc’s next quarterly earnings report is expected to be released in January.

Altus Power Inc (NYSE:AMPS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 44.77% of Altus Power Inc shares, and 56.51% of them are in the hands of institutional investors. The stock currently has a share float of 102.33%. Altus Power Inc stock is held by 182.0 institutions, with BLACKSTONE INC. being the largest institutional investor. By 2024-06-30, it held 13.2784% of the shares, which is about 21.12 million shares worth $82.78 million.

BLACKROCK INC., with 4.4827% or 7.13 million shares worth $27.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.