Atlantic Power Corp. (AT) Shares Up 2.8%
Atlantic Power Corp. (NYSE:AT) shares traded up 2.8% during trading on Monday . The stock traded as high as $2.54 and last traded at $2.54, with a volume of 369,780 shares. The stock had previously closed at $2.47.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Atlantic Power Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Wednesday, April 27th. TD Securities reaffirmed a “hold” rating and issued a $2.75 price objective on shares of Atlantic Power Corp. in a report on Saturday, August 13th. Finally, National Bank Financial cut shares of Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a research note on Monday, May 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.67.
The stock has a 50 day moving average of $2.50 and a 200-day moving average of $2.33. The stock’s market cap is $303.68 million.
A hedge fund recently raised its stake in Atlantic Power Corp. stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Atlantic Power Corp. (NYSE:AT) by 13.4% during the fourth quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC.
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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