Analysts rate Altus Power Inc. (AMPS:NYE) with a Hold rating and a $11 target

Morgan Stanley maintains the $14 Altus stock price target and rates it as Equal-Weight.

Based on the Altus Stock Forecast from 3 analysts, the average analyst Altus stock price target is USD 11.17 over the next 12 months. Altus Power Inc’s average analyst rating is Hold. Stock Target Advisor’s own stock analysis of Altus stock forecast is Slightly Bearish, which is based on 4 positive signals and 5 negative signals. At the last closing, Altus Power’s stock price was USD 13.90Altus Power’s stock price has changed by +2.18% over the past week, +2.78% over the past month and +0.00% over the last year.

 

About Altus Power Inc. (AMPS:NYE):

Altus Power, Inc., a clean electrification company, originates, develops, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. The company was founded in 2013 and is based in Stamford, Connecticut.

 

AMPS Stock Most Recent Analyst Ratings:

Maintains Morgan Stanley Equal-Weight USD 12.5 » USD 14 2022-09-22
Target Raised Morgan Stanley Equal Weight USD 10 » USD 12.5 2022-08-18
Target Raised by JP Morgan Neutral USD 9 » USD 11 2022-08-08
Initiated JP Morgan & Company Neutral USD 9 2022-07-18
Downgraded by Citigroup Buy » Neutral 2022-07-08
Maintains Morgan Stanley Equal-Weight USD 10.5 » USD 10 2022-06-13
Initiated by Morgan Stanley Equal Weight USD 10.5 2022-04-07
Initiated by Citigroup Buy USD 13 2022-01-04
Initiated by SVB Leerink Buy 2022-01-04

 

What we like:

Superior return on equity:

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization:

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow:

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow:

The company had positive total free cash flow in the most recent four quarters.

 

What we don’t like:

Low market capitalization:

Altus Group stock is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Overpriced compared to book value:

Altus stock price is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis:

Altus stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on assets:

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis:

Altus stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.