Media coverage about Atlantic Power (NYSE:AT) (TSE:ATP) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Power earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.9628989267996 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Atlantic Power (AT) Says it Welcomes Mangrove’s Input But Says There are No Ongoing Discussions with Cryptocurrency Miners (streetinsider.com)
- Atlantic Power says no ongoing talks with cryptocurrency miners – Seeking Alpha (seekingalpha.com)
- Texas Fintech Alkami Secures $70 Million Through Series D Funding Round Led by General Atlantic (crowdfundinsider.com)
- Dominion Energy’s renewed push for the Atlantic Coast Pipeline (13newsnow.com)
- Atlantic Power Corporation Releases Statement in Response to Amended Schedule 13D Filing by Mangrove Partners – PR Newswire (press release) (prnewswire.com)
A number of research firms have weighed in on AT. Zacks Investment Research raised shares of Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Wednesday, November 15th. TD Securities reissued a “hold” rating and issued a $2.50 price objective on shares of Atlantic Power in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.57.
Atlantic Power (NYSE:AT) (TSE:ATP) last posted its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. Atlantic Power had a negative net margin of 14.09% and a positive return on equity of 34.66%. equities research analysts predict that Atlantic Power will post -0.22 earnings per share for the current fiscal year.
In other Atlantic Power news, Director Gilbert Samuel Palter acquired 35,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were bought at an average price of $2.35 per share, with a total value of $82,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.
About Atlantic Power
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S.
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