Brokerage Firm Rating on Atlantic Power Corporation (AT)

Atlantic Power Corporation (AT) has an average broker rating of 5, which is interpreted as a Strong Sell, as rated by 1 equity analysts. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Company shares have received an average consensus rating of Hold for the current week Atlantic Power Corporation (NYSE:AT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.36 and $2.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.50, notching a gain of 6.38% for the day. The total traded volume was 453,792 . The stock had closed at $2.35 on the previous day.

In a related news, Cofelice Joseph, officer (EVP Commercial Development) of Atlantic Power Corp, executed a transaction worth $22,900 on June 13, 2016. A total of 10,000 shares were purchased at an average price of $2.29. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Companys power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East, West, Wind and Un-allocated Corporate. The East segment includes the Companys projects in the eastern United States. The West Segment includes its power generation operations in the western United States. The Wind segment involved Atlantic Powers wind power generation operations. The Un-allocated Corporate segment includes activities that support the Companys executive and administrative offices, capital structure, costs of being a public registrant, costs to develop projects and intercompany eliminations. Atlantic Powers power generation projects have an aggregate gross electric generation capacity of approximately 2,945 megawatts.

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