Atlantic Power Corp. (AT) Trading Down 1.2%
Atlantic Power Corp. (NYSE:AT) shares dropped 1.2% during mid-day trading on Monday . The stock traded as low as $2.44 and last traded at $2.48, with a volume of 303,257 shares. The stock had previously closed at $2.51.
AT has been the topic of several recent research reports. Zacks Investment Research upgraded Atlantic Power Corp. from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Wednesday, April 27th. National Bank Financial downgraded Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a research note on Monday, May 9th.
The company’s market capitalization is $302.77 million. The company has a 50 day moving average of $2.42 and a 200 day moving average of $2.20.
Atlantic Power Corp. (NYSE:AT) last released its quarterly earnings data on Friday, May 6th. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.15. The firm earned $106.40 million during the quarter, compared to analysts’ expectations of $111.30 million. On average, analysts predict that Atlantic Power Corp. will post ($0.27) EPS for the current year.
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate.
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