2.25% +0.10

Altus Power Inc (AMPS)

Overview News Price History Option Chain Why AMPS Down? Discussions Forecast

Why is Altus Power Inc (AMPS) Stock down?

We've noticed a 5.10% decline in Altus Power Inc (AMPS) stock during the 2024-04-25 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

13 Nov, 2023:

Altus Power Inc Stock (AMPS) dropped by 11.60% from $5.26 to $4.65 in the trading on Monday November 13, 2023. The reason why AMPS stock down today is due to the weaker-than-expected quarterly results. With revenue and earnings falling well short of expectations, it's not surprising to see AMPS stock dropping today.

Third-quarter revenue climbed 48% Y/Y to $45.1 million, net income of $6.8 million or $0.03 per share (compared to a loss of $97 million in the same year-ago period). However, analysts were expecting higher earnings of $0.08 per share on revenue of $52.4 million.