Atlantic Power Corp. (AT) Trading Down 3.2%
Shares of Atlantic Power Corp. (NYSE:AT) were down 3.2% during trading on Thursday . The company traded as low as $2.41 and last traded at $2.44, with a volume of 194,481 shares trading hands. The stock had previously closed at $2.52.
A number of analysts have recently commented on AT shares. Zacks Investment Research raised Atlantic Power Corp. from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Wednesday, April 27th. Royal Bank Of Canada raised Atlantic Power Corp. from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, March 9th. Finally, National Bank Financial lowered Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a research note on Monday, May 9th.
The company has a 50-day moving average price of $2.39 and a 200-day moving average price of $2.16. The company’s market cap is $293.00 million.
Atlantic Power Corp. (NYSE:AT) last announced its earnings results on Friday, May 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.15. The business earned $106.40 million during the quarter, compared to analyst estimates of $111.30 million. On average, equities research 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, West, Wind and Un-allocated Corporate.