Time to Buy Atlantic Power Corporation After Today’s Huge Decline?

 Time to Buy Atlantic Power Corporation After Today's Huge Decline?

The stock of Atlantic Power Corporation (TSE:ATP) is a huge mover today! About 17,000 shares traded hands. Atlantic Power Corporation (TSE:ATP) has declined 2.21% since March 28, 2016 and is downtrending. It has underperformed by 5.22% the S&P500.
The move comes after 6 months negative chart setup for the $366.39 million company. It was reported on Nov, 1 by Barchart.com. We have $2.75 PT which if reached, will make TSE:ATP worth $36.64M 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 -10.13% below today’s ($3.06) stock price. Atlantic Power Corporation has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. TD Securities maintained Atlantic Power Corporation (TSE:ATP) rating on Wednesday, August 12. TD Securities has “Hold” rating and $2.50 price target. The stock has “Hold” rating given by TD Securities on Thursday, August 11.

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 Changes to Capital Allocation Strategy” on February 10, 2016. More interesting news about Atlantic Power Corporation (TSE:ATP) were released by: Prnewswire.com and their article: “Atlantic Power Corporation Announces Launch of Syndication of New Senior …” published on March 21, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Atlantic power corporation announces launch of syndication of new se…” with publication date: March 21, 2016.

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 $366.39 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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