Altus Power, Inc. (AMPS)
NYSE: AMPS · IEX Real-Time Price · USD
3.760
+0.030 (0.80%)
At close: Jul 2, 2024, 4:00 PM
3.830
+0.070 (1.86%)
After-hours: Jul 2, 2024, 7:58 PM EDT
Altus Power Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Altus Power stock have an average target of 7.63, with a low estimate of 5.00 and a high estimate of 10. The average target predicts an increase of 102.93% from the current stock price of 3.76.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 3, 2024.
Analyst Ratings
The average analyst rating for Altus Power stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 5 | 5 |
| Buy | 4 | 4 | 4 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Seaport Global | Seaport Global | Strong Buy Initiates $6.5 | Strong Buy | Initiates | $6.5 | +72.87% | Jun 3, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $7 → $5 | Strong Buy | Maintains | $7 → $5 | +32.98% | May 16, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | May 15, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $7 → $6 | Strong Buy | Maintains | $7 → $6 | +59.57% | May 15, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $9 → $7 | Buy | Maintains | $9 → $7 | +86.17% | May 15, 2024 |
Financial Forecast
Revenue This Year
214.93M
from 155.16M
Increased by 38.52%
Revenue Next Year
256.66M
from 214.93M
Increased by 19.42%
EPS This Year
0.07
from -0.06
EPS Next Year
0.02
from 0.07
Decreased by -76.00%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 229.3M | 287.6M | 352.1M | 428.4M | 484.1M |
| Avg | 214.9M | 256.7M | 302.9M | 416.2M | 470.2M |
| Low | 200.9M | 237.9M | 269.4M | 399.8M | 451.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 47.8% | 33.8% | 37.2% | 41.4% | 16.3% |
| Avg | 38.5% | 19.4% | 18.0% | 37.4% | 13.0% |
| Low | 29.5% | 10.7% | 5.0% | 32.0% | 8.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.28 | 0.32 | 0.12 |
| Avg | 0.07 | 0.02 | -0.04 |
| Low | -0.05 | -0.15 | -0.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 356.1% | 596.8% |
| Avg | - | -76.0% | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.