In a filing, Altus Power Inc revealed its 10% Owner NORELL LARS unloaded Company’s shares for reported $38.89 million on Feb 07 ’25. In the deal valued at $4.87 per share,7,987,518 shares were sold. As a result of this transaction, NORELL LARS now holds 9,570,665 shares worth roughly $ 46.9 million.
Then, NORELL LARS sold 1,646,936 shares, generating $8,012,344 in total proceeds. Upon selling the shares at $4.87, the 10% Owner now owns 7,923,729 shares.
Before that, NORELL LARS sold 1,447,611 shares. Altus Power Inc shares valued at $7,042,628 were divested by the 10% Owner at a price of $4.87 per share. As a result of the transaction, NORELL LARS now holds 6,476,118 shares, worth roughly $31.73 million.
UBS downgraded its Altus Power Inc [AMPS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. JP Morgan also remained covering AMPS and has increased its forecast on February 06, 2025 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on December 12, 2024. It rated AMPS as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of AMPS
On Friday, Altus Power Inc [NYSE:AMPS] saw its stock jump 0.41% to $4.90. Over the last five days, the stock has gained 0.62%. Altus Power Inc shares have risen nearly 20.39% since the year began. Nevertheless, the stocks have fallen -25.53% over the past one year. While a 52-week high of $7.28 was reached on 02/06/25, a 52-week low of $2.71 was recorded on 01/23/25. SMA at 50 days reached $4.06, while 200 days put it at $3.81.
Levels Of Support And Resistance For AMPS Stock
The 24-hour chart illustrates a support level at 4.88, which if violated will result in even more drops to 4.86. On the upside, there is a resistance level at 4.91. A further resistance level may holdings at 4.92. The Relative Strength Index (RSI) on the 14-day chart is 69.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.57%. Stochastics %K at 97.46% indicates the stock is a selling.
How much short interest is there in Altus Power Inc?
A steep rise in short interest was recorded in Altus Power Inc stocks on 2025-01-31, dropping by -0.53 million shares to a total of 7.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 8.23 million shares. There was a decline of -6.94%, which implies that there is a negative sentiment for the stock.
