Atlantic Power Corp. (AT) Trading Down 2.8%
Shares of Atlantic Power Corp. (NYSE:AT) were down 2.8% on Friday . The company 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.
A number of analysts recently weighed in on AT shares. National Bank Financial lowered shares of Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a report on Monday, May 9th. Zacks Investment Research raised shares of 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. Finally, TD Securities reissued a “hold” rating and issued a $2.75 price target on shares of Atlantic Power Corp. in a research note on Saturday, August 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.67.
The company’s market capitalization is $297.65 million. The company has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.31.
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 filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.
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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