Altus Power (AMPS) Stock Forecast, Price Target & Predictions
AMPS Stock Forecast
Altus Power stock forecast is as follows: an average price target of $8.50 (represents a 149.27% upside from AMPS’s last price of $3.41) 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 $8.50 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 $6.00. This represents a potential 149.27% upside from AMPS's last price of $3.41.
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 |
|---|---|---|---|---|---|---|
| Jun 03, 2024 | Jeff Campbell | Seaport Global | $6.50 | $4.05 | 60.49% | 90.62% |
| May 15, 2024 | Christopher Souther | B.Riley Financial | $6.00 | $4.16 | 44.23% | 75.95% |
| May 15, 2024 | James West | Evercore ISI | $7.00 | $4.22 | 65.88% | 105.28% |
| Jan 10, 2023 | - | Morgan Stanley | $12.00 | $7.77 | 54.44% | 251.91% |
| Jan 04, 2023 | - | Evercore ISI | $15.00 | $6.20 | 141.94% | 339.88% |
| Sep 22, 2022 | - | Morgan Stanley | $14.00 | $11.95 | 17.15% | 310.56% |
| Aug 18, 2022 | - | Morgan Stanley | $12.50 | $11.50 | 8.70% | 266.57% |
| Aug 08, 2022 | - | J.P. Morgan | $11.00 | $9.49 | 15.91% | 222.58% |
| Jun 13, 2022 | - | Morgan Stanley | $10.00 | $7.29 | 37.08% | 193.26% |
The latest Altus Power stock forecast, released on Jun 03, 2024 by Jeff Campbell from Seaport Global, set a price target of $6.50, which represents a 60.49% increase from the stock price at the time of the forecast ($4.05), and a 90.62% increase from AMPS last price ($3.41).
Altus Power Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $6.50 |
| Last Closing Price | $3.41 | $3.41 | $3.41 |
| Upside/Downside | -100.00% | -100.00% | 90.62% |
In the current month, the average price target of Altus Power stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Altus Power's last price of $3.41. This month's average price target is down NaN% compared to last quarter, and down -100.00% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $34.19M | $45.08M | $46.51M | $29.38M | $26.76M | $30.44M | - | $19.20M | $21.58M | $20.14M |
| Avg Forecast | $65.97M | $90.61M | $76.61M | $56.67M | $58.13M | $72.11M | $61.41M | $47.19M | $47.10M | $58.43M | $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 | $70.89M | $97.38M | $82.33M | $60.90M | $62.47M | $77.49M | $66.00M | $50.71M | $50.61M | $65.83M | $61.27M | $42.91M | $47.52M | $55.91M | $47.64M | $32.38M | $28.95M | $31.63M | $23.78M | $21.13M | $20.38M | $21.67M |
| Low Forecast | $61.41M | $84.35M | $71.31M | $52.75M | $54.11M | $67.13M | $57.17M | $43.93M | $43.84M | $55.37M | $53.07M | $37.17M | $41.71M | $48.43M | $41.27M | $28.05M | $25.08M | $27.40M | $23.78M | $17.98M | $17.34M | $18.44M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.87% | 1.05% | 0.98% | 0.99% | 1.03% | - | 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 $37.17M, and a high forecast of $42.91M. 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 | Jul 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 | 1 | 1 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $13.65M | $28.05M | $27.40M | $30.10M | $85.56M | $-53.47M | - | $53.78M | $43.20M | $6.92M |
| Avg Forecast | $43.21M | $59.36M | $50.18M | $37.12M | $38.08M | $47.24M | $40.23M | $30.91M | $30.85M | $38.28M | $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 | $46.44M | $63.79M | $53.93M | $39.89M | $40.92M | $50.76M | $43.23M | $33.22M | $33.15M | $43.12M | $40.13M | $28.11M | $31.13M | $36.62M | $31.21M | $21.21M | $18.96M | $20.72M | $15.57M | $13.84M | $13.35M | $14.19M |
| Low Forecast | $40.23M | $55.25M | $46.71M | $34.55M | $35.45M | $43.97M | $37.45M | $28.77M | $28.72M | $36.27M | $34.76M | $24.35M | $27.32M | $31.72M | $27.03M | $18.37M | $16.43M | $17.95M | $15.57M | $11.78M | $11.36M | $12.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.48% | 0.82% | 0.94% | 1.52% | 4.85% | -2.77% | - | 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 $28.11M and a low of $24.35M. 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 | Jul 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 | 1 | 1 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-27.01M | $5.33M | $6.83M | $3.85M | $67.88M | $-96.63M | - | $60.42M | $14.47M | $-1.05M |
| Avg Forecast | $-8.79M | $13.25M | $4.09M | $-7.48M | $-1.76M | $9.83M | $3.85M | $-7.68M | $-4.90M | $6.57M | $5.24M | $-11.75M | $-1.89M | $7.34M | $4.01M | $-4.29M | $1.85M | $4.95M | $-147.48K | $33.23M | $491.45K | $197.68M |
| High Forecast | $-8.00M | $14.53M | $4.49M | $-6.81M | $-1.60M | $10.79M | $4.23M | $-6.99M | $-4.46M | $17.52M | $5.74M | $-10.69M | $1.89M | $8.05M | $4.40M | $-3.91M | $2.03M | $5.43M | $-147.48K | $39.88M | $541.35K | $217.75M |
| Low Forecast | $-9.65M | $12.06M | $3.73M | $-8.21M | $-1.93M | $8.95M | $3.51M | $-8.42M | $-5.38M | $-2.19M | $4.77M | $-12.89M | $-3.79M | $6.68M | $3.65M | $-4.71M | $1.68M | $4.51M | $-147.48K | $26.58M | $438.56K | $176.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 14.27% | 0.73% | 1.70% | -0.90% | 36.69% | -19.50% | - | 1.82% | 29.45% | -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 | Jul 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 | 1 | 1 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $12.29M | $12.37M | $12.55M | $10.23M | $8.26M | $9.27M | - | $7.69M | $4.73M | $4.66M |
| Avg Forecast | $17.74M | $24.37M | $20.60M | $15.24M | $15.64M | $19.40M | $16.52M | $12.69M | $12.67M | $15.72M | $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 | $19.07M | $26.19M | $22.14M | $16.38M | $16.80M | $20.84M | $17.75M | $13.64M | $13.61M | $17.71M | $16.48M | $11.54M | $12.78M | $15.04M | $12.81M | $8.71M | $7.79M | $8.51M | $6.39M | $4.21M | $5.48M | $5.83M |
| Low Forecast | $16.52M | $22.69M | $19.18M | $14.19M | $14.55M | $18.05M | $15.38M | $11.81M | $11.79M | $14.89M | $14.27M | $10.00M | $11.22M | $13.03M | $11.10M | $7.54M | $6.74M | $7.37M | $6.39M | $2.81M | $4.66M | $4.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.88% | 1.05% | 1.26% | 1.14% | 1.17% | - | 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 $10.00M to $11.54M. 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 | Jul 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 | 1 | 1 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.17 | $0.03 | $0.04 | $0.02 | $0.43 | $-0.63 | - | $0.39 | $0.14 | $-0.01 |
| Avg Forecast | $-0.05 | $0.08 | $0.03 | $-0.05 | $-0.01 | $0.06 | $0.02 | $-0.05 | $-0.03 | $0.04 | $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 | $0.09 | $0.03 | $-0.04 | $-0.01 | $0.07 | $0.03 | $-0.04 | $-0.03 | $0.11 | $0.04 | $-0.07 | $0.01 | $0.05 | $0.03 | $-0.02 | $0.01 | $0.03 | $-0.00 | $-0.02 | - | $1.37 |
| Low Forecast | $-0.06 | $0.07 | $0.02 | $-0.05 | $-0.01 | $0.05 | $0.02 | $-0.05 | $-0.03 | $-0.01 | $0.03 | $-0.08 | $-0.02 | $0.04 | $0.02 | $-0.03 | $0.01 | $0.03 | $-0.00 | $-0.02 | - | $1.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 14.69% | 0.67% | 1.63% | -0.92% | 38.02% | -20.80% | - | -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 |
|---|---|---|---|---|---|
| NRGV | Energy Vault | $0.97 | $2.75 | 183.51% | Buy |
| AMPS | Altus Power | $3.41 | $8.50 | 149.27% | Buy |
| ADN | Advent Technologies | $2.15 | $4.00 | 86.05% | Buy |
| RNW | ReNew Energy Global | $6.45 | $9.00 | 39.53% | Buy |
| ENLT | Enlight Renewable Energy | $15.15 | $20.00 | 32.01% | - |
| FLNC | Fluence Energy | $21.95 | $26.73 | 21.78% | Buy |
| CWEN | Clearway Energy | $29.36 | $35.00 | 19.21% | Buy |
| AY | Atlantica Sustainable Infrastructure | $21.87 | $25.40 | 16.14% | Hold |
| ORA | Ormat | $75.57 | $85.00 | 12.48% | Buy |
AMPS Forecast FAQ
Is Altus Power a good buy?
Yes, according to 5 Wall Street analysts, Altus Power (AMPS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of AMPS's total ratings.
What is AMPS's price target?
Altus Power (AMPS) average price target is $8.5 with a range of $6 to $12, implying a 149.27% from its last price of $3.41. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Altus Power stock go up soon?
According to Wall Street analysts' prediction for AMPS stock, the company can go up by 149.27% (from the last price of $3.41 to the average price target of $8.5), up by 251.91% based on the highest stock price target, and up by 75.95% based on the lowest stock price target.
Can Altus Power stock reach $5?
AMPS's average twelve months analyst stock price target of $8.5 supports the claim that Altus Power can reach $5 in the near future.
What are Altus Power's analysts' financial forecasts?
Altus Power's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $238.85M (high $256.67M, low $222.34M), average EBITDA is $156.46M (high $168.14M, low $145.64M), average net income is $4.25M (high $6.42M, low $2.1M), average SG&A $64.24M (high $69.04M, low $59.8M), and average EPS is $0.026 (high $0.0393, low $0.0129). AMPS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $289.86M (high $311.49M, low $269.82M), average EBITDA is $189.87M (high $204.04M, low $176.75M), average net income is $1.07M (high $4.21M, low $-2.069M), average SG&A $77.96M (high $83.78M, low $72.57M), and average EPS is $0.00653 (high $0.0258, low $-0.0126).
Did the AMPS's actual financial results beat the analysts' financial forecasts?
Based on Altus Power's last annual report (Dec 2023), the company's revenue was $155.16M, which missed the average analysts forecast of $170.28M by -8.88%. Apple's EBITDA was $78.09M, missing the average prediction of $111.54M by -29.99%. The company's net income was $-9.355M, missing the average estimation of $5.16M by -281.27%. Apple's SG&A was $47.44M, beating the average forecast of $45.8M by 3.58%. Lastly, the company's EPS was $-0.0589, missing the average prediction of $0.0315 by -286.70%. In terms of the last quarterly report (Dec 2023), Altus Power's revenue was $34.19M, missing the average analysts' forecast of $43.79M by -21.92%. The company's EBITDA was $13.65M, missing the average prediction of $28.69M by -52.41%. Altus Power's net income was $-27.014M, beating the average estimation of $-1.894M by 1326.54%. The company's SG&A was $12.29M, beating the average forecast of $11.78M by 4.31%. Lastly, the company's EPS was $-0.17, beating the average prediction of $-0.0116 by 1368.56%