Atlantic Power Corp. (AT) Stock Price Down 4%
Shares of Atlantic Power Corp. (NYSE:AT) fell 4% during trading on Tuesday . The stock traded as low as $2.34 and last traded at $2.40, with a volume of 554,393 shares trading hands. The stock had previously closed at $2.50.
AT has been the subject of several research analyst reports. 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 report on Wednesday, April 27th. 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.
The company’s market capitalization is $286.90 million. The firm has a 50-day moving average price of $2.49 and a 200 day moving average price of $2.28.
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.