The stock of Atlantic Power Corporation (TSE:ATP) is a huge mover today! About 43,000 shares traded hands. Atlantic Power Corporation (TSE:ATP) has risen 13.33% since March 10, 2016 and is uptrending. It has outperformed by 7.72% the S&P500.
The move comes after 5 months negative chart setup for the $388.02 million company. It was reported on Oct, 17 by Barchart.com. We have $2.83 PT which if reached, will make TSE:ATP worth $42.68 million less.
Atlantic Power Corporation (TSE:ATP) Ratings Coverage
Out of 3 analysts covering Atlantic Power Corporation (TSE:ATP), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. $3 is the highest target while $2.50 is the lowest. The $2.75 average target is -13.52% below today’s ($3.18) stock price. Atlantic Power Corporation has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. TD Securities maintained the shares of ATP in a report on Thursday, August 11 with “Hold” rating. TD Securities maintained the stock with “Hold” rating in Wednesday, August 12 report.
More notable recent Atlantic Power Corporation (TSE:ATP) news were published by: Prnewswire.com which released: “Atlantic Power Corporation Announces Date for Third Quarter 2016 Results and …” on October 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 Corporation (TSE:ATP) were released by: Prnewswire.com and their article: “Atlantic Power Corporation Releases Fourth Quarter and Year End 2015 Results” published on March 07, 2016 as well as Prnewswire.com‘s news article titled: “Atlantic Power Corporation and Atlantic Power Preferred Equity Ltd. Announce …” with publication date: December 23, 2015.
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. The company has a market cap of $388.02 million. The Company’s power generation projects sell electricity to utilities and other commercial clients primarily under long-term power purchase agreements (PPAs). It currently has negative earnings. Atlantic Power operates through four divisions: East U.S., West U.S., Canada and Un-Allocated Corporate.
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