JP Morgan Upgrades Altus Power Stock from Neutral to Overweight

Shares of Altus Power, Inc. (NYSE: AMPS) were just recently upgraded by an equity research analyst at JP Morgan, which is a bullish signal for existing and potential investors in AMPS stock. Here’s what you need to know about the analyst upgrade:

JP Morgan Upgrades AMPS Stock

JP Morgan moved its rating on shares of AMPS from neutral to overweight and moved its price target on Altus Power stock from $10. The last traded price per share of AMPS at the time of writing this is $7.12. In case you’re not very familiar with Altus Power, Inc., here’s an overview:

About Altus Power, Inc. (NYSE: AMPS)

Altus Power, Inc., a clean electrification company, originates, develops, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. The company serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc. was founded in 2013 and is based in Stamford, Connecticut. You can learn more on the Altus Power website here.