Last Updated: 17 Oct 2024
Executive Summary
Altus Power Inc. (AMPS), a renewable energy company, is currently trading at $3.76. The company's strong fundamentals, including a 23.23 P/E ratio, 0.136 profit margin, and 0.347 operating margin, indicate potential for growth. However, the forward P/E ratio of 47.62 suggests a premium valuation.
Company Overview
Altus Power is a leading provider of solar energy solutions. The company owns and operates a portfolio of solar power plants in the United States. Altus Power's mission is to accelerate the transition to a clean energy future by providing reliable and affordable solar power to its customers.
Fundamental Analysis
Revenue: Altus Power's revenue for the trailing twelve months (TTM) is $172.39 million, representing a 0.128% year-over-year growth.
Earnings: The company's diluted EPS for the TTM is $0.13, with a quarterly earnings growth of 4.75% year-over-year.
Profitability: Altus Power has a gross profit margin of 0.485 and an operating margin of 0.347, indicating strong profitability.
Valuation: The company's P/E ratio of 23.23 is in line with the industry average, while the forward P/E ratio of 47.62 suggests a premium valuation.
Technical Analysis
Trend: Altus Power's stock price has been trending sideways in recent months, with support at $3.15 and resistance at $4.466.
Moving Averages: The 50-day moving average is currently at $3.15, while the 200-day moving average is at $4.466.
Indicators: The relative strength index (RSI) is at 52, indicating that the stock is neither overbought nor oversold.
Short Term Outlook
In the short term, Altus Power's stock price is expected to remain range-bound between $3.15 and $4.466. The company's strong fundamentals may provide support for the stock price, while the premium valuation may limit upside potential.
Long Term Outlook
In the long term, Altus Power's growth prospects are promising. The company's focus on renewable energy and its strong financial position position it well to benefit from the growing demand for clean energy.
Analyst Recommendations
Analysts are generally bullish on Altus Power. One analyst has a "Strong Buy" rating, seven have "Buy" ratings, and one has a "Hold" rating. The average analyst target price is $5.56, implying a potential upside of 47.9%.
