Fintel reports that on February 6, 2025, JP Morgan upgraded their outlook for Altus Power (NYSE:AMPS) from Underweight to Neutral.
Analyst Price Forecast Suggests 6.22% Upside
As of January 28, 2025, the average one-year price target for Altus Power is $5.17/share. The forecasts range from a low of $4.04 to a high of $6.82. The average price target represents an increase of 6.22% from its latest reported closing price of $4.87 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Altus Power is 428MM, an increase of 130.10%. The projected annual non-GAAP EPS is 0.28.
What is the Fund Sentiment?
There are 273 funds or institutions reporting positions in Altus Power. This is an increase of 5 owner(s) or 1.87% in the last quarter. Average portfolio weight of all funds dedicated to AMPS is 0.08%, an increase of 6.88%. Total shares owned by institutions increased in the last three months by 9.18% to 87,287K shares. 
The put/call ratio of AMPS is 0.07, indicating a bullish outlook.
What are Other Shareholders Doing?
Blackstone Group holds 21,116K shares representing 13.20% ownership of the company. No change in the last quarter.
Encompass Capital Advisors holds 6,691K shares representing 4.18% ownership of the company. In its prior filing, the firm reported owning 4,629K shares , representing an increase of 30.83%. The firm increased its portfolio allocation in AMPS by 5.62% over the last quarter.
Invesco holds 4,224K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 2,941K shares , representing an increase of 30.36%. The firm decreased its portfolio allocation in AMPS by 90.86% over the last quarter.
Robeco Schweiz holds 4,000K shares representing 2.50% ownership of the company. No change in the last quarter.
Liberty Mutual Group Asset Management holds 2,920K shares representing 1.83% ownership of the company. No change in the last quarter.
Altus Power Background Information
(This description is provided by the company.)
Altus Power, based in Stamford, Connecticut, is creating a clean electrification ecosystem, serving its commercial, public sector and community solar customers with locally sited solar generation, energy storage, and EV-charging stations across the U.S. Since its founding in 2009, Altus Power has developed or acquired over 350 megawatts from Vermont to Hawaii.
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