Atlantic Power Corp. (AT) Stock Price Down 2.8%
Atlantic Power Corp. (NYSE:AT) dropped 2.8% on Friday . The stock traded as low as $2.47 and last traded at $2.47, with a volume of 338,283 shares. The stock had previously closed at $2.54.
Several equities research analysts recently weighed in on AT shares. Zacks Investment Research raised Atlantic Power Corp. from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Wednesday, April 27th. TD Securities reissued a “hold” rating and issued a $2.75 target price on shares of Atlantic Power Corp. in a research note on Saturday, August 13th. Finally, National Bank Financial cut Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a research note on Monday, May 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $2.67.
The company’s 50 day moving average is $2.50 and its 200-day moving average is $2.31. The firm’s market cap is $297.65 million.
A hedge fund recently raised its stake in Atlantic Power Corp. stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Atlantic Power Corp. (NYSE:AT) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,996,450 shares of the company’s stock after buying an additional 352,950 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 2.45% of Atlantic Power Corp. worth $5,910,000 at the end of the most recent quarter.
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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