Atlantic Power Corp (NYSE:AT) Stock Price Down as Sentiment Worsens

June 14, 2018 - By Henry Gaston

Atlantic Power Corporation (NYSE:AT) Logo

Sentiment for Atlantic Power Corp (NYSE:AT)

Atlantic Power Corp (NYSE:AT) institutional sentiment decreased to 0.91 in 2018 Q1. Its down -0.56, from 1.47 in 2017Q4. The ratio fall, as 41 funds increased and started new positions, while 45 decreased and sold their positions in Atlantic Power Corp. The funds in our partner’s database now possess: 58.03 million shares, up from 56.37 million shares in 2017Q4. Also, the number of funds holding Atlantic Power Corp in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 7 Reduced: 38 Increased: 28 New Position: 13.

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. The company has market cap of $242.18 million. As of December 31, 2016, its power generation projects had an aggregate gross electric generation capacity of approximately 2,138 megawatts consisting of interests in 23 operational power generation projects across 9 states in the United States and 2 provinces in Canada. It currently has negative earnings. The firm sells its electricity to utilities and other commercial customers.

It closed at $2.15 lastly. It is down 8.16% since June 14, 2017 and is downtrending. It has underperformed by 20.73% the S&P500.

Analysts await Atlantic Power Corporation (NYSE:AT) to report earnings on August, 2. They expect $-0.16 earnings per share, down 206.67 % or $0.31 from last year’s $0.15 per share. After $0.06 actual earnings per share reported by Atlantic Power Corporation for the previous quarter, Wall Street now forecasts -366.67 % negative EPS growth.

Mangrove Partners holds 1.57% of its portfolio in Atlantic Power Corporation for 11.47 million shares. Verition Fund Management Llc owns 1.13 million shares or 0.18% of their US portfolio. Moreover, Peak Asset Management Llc has 0.08% invested in the company for 109,180 shares. The Illinois-based Rmb Capital Management Llc has invested 0.07% in the stock. Gagnon Securities Llc, a New York-based fund reported 52,464 shares.

More recent Atlantic Power Corporation (NYSE:AT) news were published by: Theguardian.com which released: “New York stock exchange has its first female leader in 226-year history” on May 25, 2018. Also Bloomberg.com published the news titled: “Ex-NYSE Chief Liked SPACs So Much He Joined One” on May 29, 2018. Fortune.com‘s news article titled: “Meet Stacey Cunningham, the One-Time NYSE Intern Who Will Be the Exchange’s First Woman President” with publication date: May 22, 2018 was also an interesting one.

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