Altus Power (AMPS) Stock Forecast, Price Target & Predictions
AMPS Stock Forecast
Altus Power stock forecast is as follows: an average price target of $7.83 (represents a 98.23% upside from AMPS’s last price of $3.95) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
AMPS Price Target
The average price target for Altus Power (AMPS) is $7.83 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $4.50. This represents a potential 98.23% upside from AMPS's last price of $3.95.
AMPS Analyst Ratings
According to 5 Wall Street analysts, Altus Power's rating consensus is 'Buy'. The analyst rating breakdown for AMPS stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 2 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Altus Power Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Justin Clare | Roth Capital | $4.50 | $3.02 | 49.01% | 13.92% |
| Jun 03, 2024 | Jeff Campbell | Seaport Global | $6.50 | $4.05 | 60.49% | 64.56% |
| May 15, 2024 | Christopher Souther | B.Riley Financial | $6.00 | $4.16 | 44.23% | 51.90% |
| May 15, 2024 | James West | Evercore ISI | $7.00 | $4.22 | 65.88% | 77.22% |
| Jan 10, 2023 | - | Morgan Stanley | $12.00 | $7.77 | 54.44% | 203.80% |
| Jan 04, 2023 | - | Evercore ISI | $15.00 | $6.20 | 141.94% | 279.75% |
| Sep 22, 2022 | - | Morgan Stanley | $14.00 | $11.95 | 17.15% | 254.43% |
| Aug 18, 2022 | - | Morgan Stanley | $12.50 | $11.50 | 8.70% | 216.46% |
| Aug 08, 2022 | - | J.P. Morgan | $11.00 | $9.49 | 15.91% | 178.48% |
| Jun 13, 2022 | - | Morgan Stanley | $10.00 | $7.29 | 37.08% | 153.16% |
The latest Altus Power stock forecast, released on Oct 16, 2024 by Justin Clare from Roth Capital, set a price target of $4.50, which represents a 49.01% increase from the stock price at the time of the forecast ($3.02), and a 13.92% increase from AMPS last price ($3.95).
Altus Power Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $4.50 | $4.50 | $6.00 |
| Last Closing Price | $3.95 | $3.95 | $3.95 |
| Upside/Downside | 13.92% | 13.92% | 51.90% |
In the current month, the average price target of Altus Power stock is $4.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 13.92% increase as opposed to Altus Power's last price of $3.95. This month's average price target is down 0.00% compared to last quarter, and down -25.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 21, 2024 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| Jun 03, 2024 | Seaport Global | - | Buy | Initialise |
| May 15, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jan 10, 2023 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| Jan 04, 2023 | Evercore ISI | - | Outperform | Initialise |
| Nov 14, 2022 | Goldman Sachs | - | Neutral | Upgrade |
| Nov 14, 2022 | Northcoast Research | - | Buy | Upgrade |
| Sep 22, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 18, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 13, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Altus Power's last stock rating was published by Morgan Stanley on Aug 21, 2024. The company Downgrade its AMPS rating from "Overweight" to "Equal-Weight".
Altus Power Financial Forecast
Altus Power Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $34.19M | $45.08M | $46.51M | $29.38M | $26.76M | $30.44M | $24.76M | $19.20M | $21.58M | $20.14M |
| Avg Forecast | $65.97M | $90.61M | $76.61M | $56.67M | $56.81M | $70.95M | $61.70M | $45.86M | $46.76M | $57.86M | $57.01M | $39.93M | $43.79M | $52.03M | $44.33M | $30.13M | $26.94M | $29.44M | $23.78M | $19.60M | $18.90M | $20.10M |
| High Forecast | $65.97M | $90.61M | $76.61M | $56.67M | $56.81M | $70.95M | $61.70M | $45.86M | $46.76M | $60.09M | $57.01M | $40.93M | $47.52M | $52.69M | $44.33M | $30.13M | $26.94M | $29.44M | $23.78M | $19.60M | $18.90M | $20.10M |
| Low Forecast | $65.97M | $90.61M | $76.61M | $56.67M | $56.81M | $70.95M | $61.70M | $45.86M | $46.76M | $56.88M | $57.01M | $38.93M | $41.71M | $51.37M | $44.33M | $30.13M | $26.94M | $29.44M | $23.78M | $19.60M | $18.90M | $20.10M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.87% | 1.05% | 0.98% | 0.99% | 1.03% | 1.04% | 0.98% | 1.14% | 1.00% |
Altus Power's average Quarter revenue forecast for Mar 24 based on 4 analysts is $39.93M, with a low forecast of $38.93M, and a high forecast of $40.93M. AMPS's average Quarter revenue forecast represents a 16.78% increase compared to the company's last Quarter revenue of $34.19M (Dec 23).
Altus Power EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $13.65M | $28.05M | $27.40M | $30.10M | $85.56M | $-53.47M | $28.57M | $53.78M | $43.20M | $6.92M |
| Avg Forecast | $43.21M | $59.36M | $50.18M | $37.12M | $37.21M | $46.48M | $40.42M | $30.04M | $30.63M | $37.90M | $37.35M | $26.16M | $28.69M | $34.08M | $29.04M | $19.74M | $17.65M | $19.28M | $15.57M | $12.84M | $12.38M | $13.17M |
| High Forecast | $43.21M | $59.36M | $50.18M | $37.12M | $37.21M | $46.48M | $40.42M | $30.04M | $30.63M | $39.36M | $37.35M | $26.81M | $31.13M | $34.51M | $29.04M | $19.74M | $17.65M | $19.28M | $15.57M | $12.84M | $12.38M | $13.17M |
| Low Forecast | $43.21M | $59.36M | $50.18M | $37.12M | $37.21M | $46.48M | $40.42M | $30.04M | $30.63M | $37.26M | $37.35M | $25.50M | $27.32M | $33.65M | $29.04M | $19.74M | $17.65M | $19.28M | $15.57M | $12.84M | $12.38M | $13.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.48% | 0.82% | 0.94% | 1.52% | 4.85% | -2.77% | 1.83% | 4.19% | 3.49% | 0.53% |
4 analysts predict AMPS's average Quarter EBITDA for Mar 24 to be $26.16M, with a high of $26.81M and a low of $25.50M. This is 91.59% upper than Altus Power's previous annual EBITDA (Dec 23) of $13.65M.
Altus Power Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-27.01M | $5.33M | $6.83M | $3.85M | $67.88M | $-96.63M | $24.11M | $60.42M | $14.47M | $-1.05M |
| Avg Forecast | $-8.76M | $13.23M | $4.08M | $-7.49M | $-3.52M | $8.96M | $2.28M | $-10.09M | $-6.21M | $4.38M | $5.24M | $-11.75M | $-1.89M | $7.34M | $4.01M | $-4.29M | $1.85M | $4.95M | $-148.70K | $33.23M | $506.46K | $203.71M |
| High Forecast | $-8.76M | $13.23M | $4.08M | $-7.49M | $-3.52M | $8.96M | $2.28M | $-10.09M | $-6.21M | $11.69M | $5.24M | $-11.75M | $1.89M | $7.68M | $4.01M | $-4.29M | $1.85M | $4.95M | $-148.70K | $39.88M | $506.46K | $203.71M |
| Low Forecast | $-8.76M | $13.23M | $4.08M | $-7.49M | $-3.52M | $8.96M | $2.28M | $-10.09M | $-6.21M | $-1.46M | $5.24M | $-11.75M | $-3.79M | $7.00M | $4.01M | $-4.29M | $1.85M | $4.95M | $-148.70K | $26.58M | $506.46K | $203.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 14.27% | 0.73% | 1.70% | -0.90% | 36.69% | -19.50% | -162.17% | 1.82% | 28.58% | -0.01% |
Altus Power's average Quarter net income forecast for Dec 23 is $-1.89M, with a range of $-3.79M to $1.89M. AMPS's average Quarter net income forecast represents a -135.53% decrease compared to the company's last Quarter net income of $5.33M (Sep 23).
Altus Power SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $12.29M | $12.37M | $12.55M | $10.23M | $8.26M | $9.27M | $9.21M | $7.69M | $4.73M | $4.66M |
| Avg Forecast | $17.74M | $24.37M | $20.60M | $15.24M | $15.28M | $19.08M | $16.60M | $12.34M | $12.58M | $15.56M | $15.33M | $10.74M | $11.78M | $13.99M | $11.92M | $8.10M | $7.25M | $7.92M | $6.39M | $3.51M | $5.08M | $5.41M |
| High Forecast | $17.74M | $24.37M | $20.60M | $15.24M | $15.28M | $19.08M | $16.60M | $12.34M | $12.58M | $16.16M | $15.33M | $11.01M | $12.78M | $14.17M | $11.92M | $8.10M | $7.25M | $7.92M | $6.39M | $4.21M | $5.08M | $5.41M |
| Low Forecast | $17.74M | $24.37M | $20.60M | $15.24M | $15.28M | $19.08M | $16.60M | $12.34M | $12.58M | $15.30M | $15.33M | $10.47M | $11.22M | $13.82M | $11.92M | $8.10M | $7.25M | $7.92M | $6.39M | $2.81M | $5.08M | $5.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.88% | 1.05% | 1.26% | 1.14% | 1.17% | 1.44% | 2.19% | 0.93% | 0.86% |
Altus Power's average Quarter SG&A projection for Mar 24 is $10.74M, based on 4 Wall Street analysts, with a range of $10.47M to $11.01M. The forecast indicates a -12.59% fall compared to AMPS last annual SG&A of $12.29M (Dec 23).
Altus Power EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.17 | $0.03 | $0.04 | $0.02 | $0.43 | $-0.63 | $0.16 | $0.39 | $0.14 | $-0.01 |
| Avg Forecast | $-0.05 | $0.08 | $0.02 | $-0.05 | $-0.02 | $0.05 | $0.01 | $-0.06 | $-0.04 | $0.03 | $0.03 | $-0.07 | $-0.01 | $0.04 | $0.02 | $-0.03 | $0.01 | $0.03 | $-0.00 | $-0.02 | - | $1.25 |
| High Forecast | $-0.05 | $0.08 | $0.02 | $-0.05 | $-0.02 | $0.05 | $0.01 | $-0.06 | $-0.04 | $0.07 | $0.03 | $-0.07 | $0.01 | $0.05 | $0.02 | $-0.03 | $0.01 | $0.03 | $-0.00 | $-0.02 | - | $1.25 |
| Low Forecast | $-0.05 | $0.08 | $0.02 | $-0.05 | $-0.02 | $0.05 | $0.01 | $-0.06 | $-0.04 | $-0.01 | $0.03 | $-0.07 | $-0.02 | $0.04 | $0.02 | $-0.03 | $0.01 | $0.03 | $-0.00 | $-0.02 | - | $1.25 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 14.69% | 0.67% | 1.63% | -0.92% | 38.02% | -20.80% | -176.02% | -21.27% | 45.22% | -0.01% |
According to 5 Wall Street analysts, Altus Power's projected average Quarter EPS for Dec 23 is $-0.01, with a low estimate of $-0.02 and a high estimate of $0.01. This represents a -138.59% decrease compared to AMPS previous annual EPS of $0.03 (Sep 23).
Altus Power Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AMPS | Altus Power | $3.95 | $7.83 | 98.23% | Buy |
| NRGV | Energy Vault | $1.43 | $2.75 | 92.31% | Buy |
| RNW | ReNew Energy Global | $5.22 | $9.00 | 72.41% | Hold |
| FLNC | Fluence Energy | $20.22 | $26.61 | 31.60% | Buy |
| CWEN | Clearway Energy | $26.95 | $35.00 | 29.87% | Buy |
| ENLT | Enlight Renewable Energy | $15.90 | $20.00 | 25.79% | - |
| AY | Atlantica Sustainable Infrastructure | $22.10 | $25.40 | 14.93% | Hold |
| ORA | Ormat | $79.22 | $85.00 | 7.30% | Buy |
| ADN | Advent Technologies | $7.58 | $4.00 | -47.23% | Buy |