Atlantic Power Corp. (AT) Stock Price Down 4%
Shares of Atlantic Power Corp. (NYSE:AT) fell 4% during mid-day trading on Tuesday . The company traded as low as $2.34 and last traded at $2.40, with a volume of 554,393 shares traded. The stock had previously closed at $2.50.
A number of brokerages have recently issued reports on AT. National Bank Financial lowered Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a research report on Monday, May 9th. Zacks Investment Research upgraded Atlantic Power Corp. from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Wednesday, April 27th.
The company has a 50-day moving average price of $2.49 and a 200-day moving average price of $2.28. The stock’s market capitalization is $294.46 million.
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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