Atlantic Power Corp. (AT) Trading Down 3.2%
Atlantic Power Corp. (NYSE:AT) shares were down 3.2% on Thursday . The company traded as low as $2.41 and last traded at $2.44, with a volume of 194,481 shares. The stock had previously closed at $2.52.
A number of research analysts have weighed in on AT shares. National Bank Financial lowered Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a research note on Monday, May 9th. 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.
The firm has a 50-day moving average of $2.40 and a 200 day moving average of $2.16. The stock’s market cap is $313.75 million.
Atlantic Power Corp. (NYSE:AT) last posted its quarterly earnings data on Friday, May 6th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.15. The company had revenue of $106.40 million for the quarter, compared to analyst estimates of $111.30 million. On average, equities research analysts predict that Atlantic Power Corp. will post ($0.27) earnings per share for the current fiscal 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.
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