Atlantic Power Corporation Increases Again; Strong Momentum for Buyers

 Atlantic Power Corporation Increases Again; Strong Momentum for Buyers

The stock of Atlantic Power Corporation (TSE:ATP) is a huge mover today! About 23,119 shares traded hands. Atlantic Power Corporation (TSE:ATP) has risen 7.85% since April 27, 2016 and is uptrending. It has outperformed by 1.93% the S&P500.
The move comes after 7 months positive chart setup for the $406.03M company. It was reported on Dec, 1 by Barchart.com. We have $3.81 PT which if reached, will make TSE:ATP worth $24.36 million more.

Atlantic Power Corporation (TSE:ATP) Ratings Coverage

Out of 3 analysts covering Atlantic Power Corporation (TSE:ATP), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $3 is the highest target while $2.50 is the lowest. The $2.75 average target is -23.40% below today’s ($3.59) stock price. Atlantic Power Corporation has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. TD Securities maintained the shares of ATP in a report on Wednesday, November 9 with “Hold” rating. The stock of Atlantic Power Corporation (TSE:ATP) has “Hold” rating given on Wednesday, August 12 by TD Securities. The firm has “Sector Perform” rating given on Tuesday, November 8 by RBC Capital Markets. The firm has “Hold” rating by TD Securities given on Thursday, August 11.

More notable recent Atlantic Power Corporation (TSE:ATP) news were published by: Prnewswire.com which released: “Atlantic Power Corporation Announces Substantial Issuer Bid” on June 17, 2016, also Prnewswire.com with their article: “Atlantic Power Corporation Announces Changes to Capital Allocation Strategy” published on February 10, 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: Fool.com and their article: “Why Shares of Atlantic Power Corporation Popped 38% in March” published on April 07, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Atlantic Power Corp reports qtrly loss per share of $0.69” with publication date: November 07, 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 $406.03 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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