Atlantic Power Corporation Ordinary Shares (Canada) (AT) Company Bio
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2014, its power generation projects in operation had an aggregate gross electric generation capacity of approximately 2,945 megawatts consisting of interests in 28 operational power generation projects across 11 states in the United States and 2 provinces in Canada. The company was founded in 2004 and is based in Boston, Massachusetts.
AT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Atlantic Power Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Atlantic Power Corp ranked in the 71th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 234.5% on a DCF basis. The most interesting components of our discounted cash flow analysis for Atlantic Power Corp ended up being:
Interest coverage, a measure of earnings relative to interest payments, is 0.57 -- which is good for besting only 7.74% of its peer stocks (US stocks in the Utilities sector with positive cash flow).
26% of the company's capital comes from equity, which is greater than just 10.32% of stocks in our cash flow based forecasting set.
The business' balance sheet suggests that 74% of the company's capital is sourced from debt; this is greater than 89.64% of the free cash flow producing stocks we're observing.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Atlantic Power Corp? See BIP, NRG, NEP, KEN, and TAC.
Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") plans to release its financial results for the three months ended June 30, 2020 after the market closes on the afternoon of Thursday, August 6, 2020. A telephone conference call and webcast hosted by Atlantic Power's management team will be held on Friday, August 7 at 11:00 AM ET. Management's prepared remarks and the accompanying presentation for the conference call will be posted on the Conference Calls page of the Company's website (www.atlanticpower.com) on the evening of August 6. During the conference call, management will present brief prepared remarks with the majority of the time allocated to addressing questions from analysts and investors.
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Atlantic Power Inc (NYSE:AT) was trading 4.3% higher from the previous closing price. Ronan Terrence filed a Form 4 with the SEC on Friday, June 26. The insider bought 2,600 shares at an average price of $1.85. After the transaction, the executive's stake in Atlantic Power Inc. moved to 550,752 shares.The Importance of Insider Transactions While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.Insiders buying stock after a notable sell off can indicate an insider's long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesn't feel the ...