The stock of Atlantic Power Corporation (TSE:ATP) is a huge mover today! About 29,601 shares traded hands. Atlantic Power Corporation (TSE:ATP) has declined 10.46% since April 1, 2016 and is downtrending. It has underperformed by 12.42% the S&P500.
The move comes after 5 months positive chart setup for the $360.27 million company. It was reported on Nov, 7 by Barchart.com. We have $5.07 PT which if reached, will make TSE:ATP worth $252.19 million more.
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 -7.72% below today’s ($2.98) stock price. Atlantic Power Corporation has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities with “Hold” on Wednesday, August 12. The company was maintained on Thursday, August 11 by TD Securities.
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 Announces Changes to Capital Allocation Strategy” published on February 10, 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 $360.27 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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