Atlantic Power Corp. (AT) Shares Up 5.4%
Shares of Atlantic Power Corp. (NYSE:AT) shot up 5.4% on Friday . The company traded as high as $2.53 and last traded at $2.53, with a volume of 238,083 shares traded. The stock had previously closed at $2.40.
A number of brokerages have weighed in on AT. National Bank Financial downgraded Atlantic Power Corp. from a “sector perform” rating to an “underperform” rating in a report on Monday, May 9th. Zacks Investment Research downgraded Atlantic Power Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 25th.
The company’s 50 day moving average is $2.40 and its 200 day moving average is $2.16. The stock’s market capitalization is $313.75 million.
Atlantic Power Corp. (NYSE:AT) last announced its earnings results on Friday, May 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.15. The company had revenue of $106.40 million for the quarter, compared to the consensus estimate of $111.30 million. Analysts anticipate that Atlantic Power Corp. will post ($0.27) earnings per share 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.
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