It Seems Atlantic Power Corporation Will Go Down. Have Another Big Decline

 It Seems Atlantic Power Corporation Will Go Down. Have Another Big Decline

The stock of Atlantic Power Corporation (TSE:ATP) is a huge mover today! About 46,219 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 negative chart setup for the $394.72M company. It was reported on Dec, 1 by Barchart.com. We have $3.35 PT which if reached, will make TSE:ATP worth $15.79 million less.

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. 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. TD Securities maintained Atlantic Power Corporation (TSE:ATP) rating on Thursday, August 11. TD Securities has “Hold” rating and $2.75 price target. TD Securities maintained Atlantic Power Corporation (TSE:ATP) rating on Wednesday, August 12. TD Securities has “Hold” rating and $2.50 price target. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, November 8 report.

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 Prnewswire.com‘s news article titled: “Atlantic Power Corporation Announces Dismissal of U.S. Securities Class Action …” with publication date: December 01, 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 $394.72 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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