Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Altus Power Inc before investing.

In this article, we go over a few key elements for understanding Altus Power Inc’s stock price such as:

• Altus Power Inc’s current stock price and volume
• Why Altus Power Inc’s stock price changed recently
• Upgrades and downgrades for AMPS from analysts
• AMPS’s stock price momentum as measured by its relative strength

About Altus Power Inc (AMPS)

Before we jump into Altus Power Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Altus Power, Inc. is an independent commercial-scale provider of clean electric power serving commercial, industrial, public sector and community solar customers with end-to-end solutions. The Company originates, develops, owns and operates locally sited solar generation, energy storage and charging infrastructure across the nation. It is a developer, owner and operator of roof, ground and carport-based photovoltaic (PV) and energy storage systems, serving commercial and industrial, public sector and community solar customers. Its portfolio consists of approximately 682.4 megawatts (MW) of solar PV. It has long-term power purchase agreements with approximately 300 commercial and industrial (C&I;) entities and contracts with approximately 20,000 residential customers, which are serviced by approximately 160 MW of community solar projects in operation. It also has approximately 84 MWs of commercial-scale solar arrays. Its community solar projects are servicing customers in five states.

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Altus Power Inc’s Stock Price as of Market Close

As of February 06, 2024, 4:00 PM, CST, Altus Power Inc’s stock price was $5.69.

Altus Power Inc is up 7.16% from its previous closing price of $5.31.

During the last market session, Altus Power Inc’s stock traded between $5.29 and $5.46. Currently, there are 158.72 million shares of Altus Power Inc stock available for purchase.

Altus Power Inc’s price-earnings (P/E) ratio is currently at 10.1, which is low compared to the Utilities - Electric industry median of 16.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Altus Power Inc Stock Price History

Altus Power Inc’s (AMPS) price is currently up 5.57% so far this month.

During the month of February, Altus Power Inc’s stock price has reached a high of $5.97 and a low of $5.25.

Over the last year, Altus Power Inc has hit prices as high as $7.88 and as low as $4.08. Year to date, Altus Power Inc’s stock is down 12.73%.

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What Caused Altus Power Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of February 05, 2024,, no analysts have changed their rating of Altus Power Inc’s stock over the last month.

Additionally, you'll want to evaluate Altus Power Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Altus Power Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Altus Power Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Altus Power Inc (AMPS) by visiting AAII Stock Evaluator.

Relative Price Strength of Altus Power Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 05, 2024, Altus Power Inc has a weighted four-quarter relative price strength of -11.26%, which translates to a Momentum Score of 33 and is considered to be Weak.

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Altus Power Inc Stock Price: Bottom Line

As of February 6, 2024, Altus Power Inc’s stock price is $5.69, which is up 7.16% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Altus Power Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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