TD Securities Reiterates Their Hold Rating on Atlantic Power Corp

By Austin Angelo

In a report released yesterday, Sean Steuart from TD Securities reiterated a Hold rating on Atlantic Power Corp (NYSE: AT). The company’s shares closed yesterday at $2.40.

Steuart said:

“We calculate Q1/17 AFFO/share of $(0.04), which compares with our estimate of $0.08.”

According to TipRanks.com, Steuart is ranked #2005 out of 4567 analysts.

Atlantic Power Corp has an analyst consensus of Hold.

Based on Atlantic Power Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $98.4 million and GAAP net loss of $600K. In comparison, last year the company earned revenue of $106 million and had a GAAP net loss of $12.9 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AT in relation to earlier this year. Most recently, in March 2017, COFELICE JOSEPH, the EVP Commercial Development of AT bought 30,000 shares for a total of $73,200.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Atlantic Power Corp. owns and operates a diverse fleet of power generation assets across nine states in the United States and two provinces in Canada. Its power generation projects engages in the sale of electricity to utilities and other large commercial customers. It operates through the following segments: East U.S., West U.S., Canada, and Un-Allocated Corporate. The company was founded on June 18, 2004 and is headquartered in Dedham, MA.