Altus Power (NYSE:AMPS) Raised to Neutral at JPMorgan Chase & Co.

Altus Power (NYSE:AMPS) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Thursday, MarketBeat reports.

Other analysts have also recently issued research reports about the stock. Citigroup dropped their target price on shares of Altus Power from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Roth Mkm reaffirmed a “buy” rating and issued a $4.50 price target on shares of Altus Power in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $5.21.

Altus Power Trading Up 27.8 %

NYSE:AMPS traded up $1.07 during trading hours on Thursday, hitting $4.90. The company had a trading volume of 27,836,281 shares, compared to its average volume of 2,105,188. The company has a market capitalization of $787.12 million, a PE ratio of 22.25 and a beta of 1.05. The stock has a 50-day moving average price of $3.96 and a 200 day moving average price of $3.62. Altus Power has a 52 week low of $2.71 and a 52 week high of $7.28. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMPS. Magnus Financial Group LLC bought a new position in shares of Altus Power during the 4th quarter valued at approximately $333,000. Ballentine Partners LLC bought a new position in shares of Altus Power during the 4th quarter valued at approximately $112,000. Barclays PLC boosted its position in shares of Altus Power by 312.8% during the 3rd quarter. Barclays PLC now owns 115,987 shares of the company’s stock valued at $369,000 after acquiring an additional 87,886 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Altus Power by 798.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company’s stock valued at $234,000 after acquiring an additional 65,327 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Altus Power during the 3rd quarter valued at approximately $425,000. 46.55% of the stock is currently owned by institutional investors.

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.