The stock of Atlantic Power Corp (NYSE:AT) hit a new 52-week high and has $2.70 target or 3.00% above today’s $2.62 share price. The 7 months bullish chart indicates low risk for the $298.78M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $2.70 price target is reached, the company will be worth $8.96 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 217,666 shares traded hands. Atlantic Power Corp (NYSE:AT) has 0.00% since April 28, 2016 and is . It has underperformed by 5.93% the S&P500.
Analysts await Atlantic Power Corp (NYSE:AT) to report earnings on March, 6. They expect $-0.11 EPS, down 237.50% or $0.19 from last year’s $0.08 per share. After $0.02 actual EPS reported by Atlantic Power Corp for the previous quarter, Wall Street now forecasts -650.00% negative EPS growth.
Atlantic Power Corp (NYSE:AT) Ratings Coverage
Out of 6 analysts covering AT&T (NYSE:AT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. AT&T has been the topic of 7 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, July 24, the company rating was maintained by FBR Capital. National Bank Canada upgraded the stock to “Sector Perform” rating in Thursday, December 24 report. The firm has “Buy” rating given on Wednesday, September 2 by Citigroup. The rating was reinitiated by Goldman Sachs on Monday, July 27 with “Neutral”. The stock of Atlantic Power Corp (NYSE:AT) earned “Hold” rating by Canaccord Genuity on Monday, July 27. The stock of Atlantic Power Corp (NYSE:AT) has “Sector Perform” rating given on Wednesday, March 9 by RBC Capital Markets.
According to Zacks Investment Research, “Atlantic Power Corporation is an independent electric power producer that owns interests in a diversified portfolio of independent, non-utility power generation projects and one transmission line situated in major U.S. markets.”
Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.19, from 0.85 in 2016Q1. The ratio increased, as 10 funds sold all Atlantic Power Corp shares owned while 38 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 52.40 million shares or 0.44% more from 52.17 million shares in 2016Q1.
Nelson Van Denburg And Campbell Wealth Mngmt Gru Ltd Liability Corporation holds 0% of its portfolio in Atlantic Power Corp (NYSE:AT) for 3,000 shares. Acadian Asset Management Ltd Llc has 25,100 shares for 0% of their US portfolio. Gagnon Securities Limited Com has invested 0.33% of its portfolio in Atlantic Power Corp (NYSE:AT). Kcg holds 28,660 shares or 0% of its portfolio. Legal And General Group Inc Public Ltd has 0% invested in the company for 16,584 shares. Janney Montgomery Scott Ltd Liability last reported 53,700 shares in the company. The Illinois-based Guggenheim Cap Limited Liability Company has invested 0% in Atlantic Power Corp (NYSE:AT). Ladenburg Thalmann Fincl holds 0% or 11,590 shares in its portfolio. Spot Trading Lc, a Illinois-based fund reported 36,600 shares. Morgan Stanley owns 613,263 shares or 0% of their US portfolio. Blackrock Fund Advsr reported 3.12 million shares or 0% of all its holdings. Art Advsr Ltd Limited Liability Company accumulated 0.02% or 123,813 shares. Moreover, Teachers Advsr Incorporated has 0% invested in Atlantic Power Corp (NYSE:AT) for 195,147 shares. The New York-based Neuberger Berman Group Ltd Liability Company has invested 0.02% in Atlantic Power Corp (NYSE:AT). Susquehanna Gp Ltd Liability Partnership, a Pennsylvania-based fund reported 63,825 shares.
More notable recent Atlantic Power Corp (NYSE:AT) news were published by: Reuters.com which released: “BRIEF-Atlantic Power Corp reports qtrly loss per share of $0.69” on November 07, 2016, also Prnewswire.com with their article: “Atlantic Power Corporation Announces Substantial Issuer Bid” published on June 17, 2016, Prnewswire.com published: “Atlantic Power Corporation Announces Launch of Syndication of New Senior …” on March 21, 2016. More interesting news about Atlantic Power Corp (NYSE:AT) were released by: Fool.com and their article: “Why Shares of Atlantic Power Corporation Popped 38% in March” published on April 07, 2016 as well as Prnewswire.com‘s news article titled: “Atlantic Power Corporation Announces Changes to Capital Allocation Strategy” with publication date: February 10, 2016.
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