AMPS Stock Summary and Trading Ideas (Altus Power Class A | NYSE:AMPS)

Altus Power Inc is a developer, owner, and operator of large-scale photovoltaic and energy storage systems across the United States. The company serve commercial, industrial, public sector, and community solar customers. Its mission is to drive the clean energy transition by developing and operating solar generation and energy storage facilities. It owns a diverse portfolio of solar PV systems and has long-term agreements with enterprise entities and residential customers. Their primary product offerings include leases and revenue contracts for solar power generation, alongside electric vehicle charging and energy storage solutions. Revenue streams include power purchase agreements, net metering credit agreements, and SREC revenue.

Altus Power Class A trades on the NYSE stock market under the symbol AMPS.

As of April 25, 2024, AMPS stock price declined to $3.47 with 504,657 million shares trading.

AMPS has a beta of 1.96, meaning it tends to be more sensitive to market movements. AMPS has a correlation of 0.13 to the broad based SPY ETF.

AMPS has a market cap of $554.77 million. This is considered a Small Cap stock.

Last quarter Altus Power Class A reported $34 million in Revenue and -$.17 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.16.

The top ETF exchange traded funds that AMPS belongs to (by Net Assets): VTI, TAN, IWM, VXF, PBW.

AMPS has underperformed the market in the last year with a price return of -28.3% while the SPY ETF gained +23.2%. AMPS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -37.3% and -23.6%, respectively, while the SPY returned +3.7% and -2.4%, respectively.

AMPS support price is $3.54 and resistance is $3.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMPS stock will trade within this expected range on the day.