Atlantic Power Corporation (NYSE:AT) Earning Somewhat Negative News Coverage, Accern Reports

Media coverage about Atlantic Power Corporation (NYSE:AT) (TSE:ATP) has trended somewhat negative on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Atlantic Power Corporation earned a daily sentiment score of -0.05 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 90 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern’s scoring:

Several research firms have recently issued reports on AT. Zacks Investment Research lowered Atlantic Power Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. ValuEngine lowered Atlantic Power Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, TD Securities reissued a “hold” rating on shares of Atlantic Power Corporation in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $2.67.

Shares of Atlantic Power Corporation (NYSE AT) opened at 2.40 on Tuesday. The stock’s 50 day moving average price is $2.45 and its 200 day moving average price is $2.48. Atlantic Power Corporation has a 12-month low of $2.12 and a 12-month high of $2.75. The firm’s market capitalization is $276.55 million.

In other Atlantic Power Corporation news, CEO James J. Moore, Jr. bought 15,489 shares of Atlantic Power Corporation stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average cost of $2.40 per share, for a total transaction of $37,173.60. Following the completion of the transaction, the chief executive officer now directly owns 365,742 shares in the company, valued at $877,780.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James J. Moore, Jr. bought 35,000 shares of Atlantic Power Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $2.38 per share, with a total value of $83,300.00. Following the completion of the transaction, the chief executive officer now owns 385,742 shares of the company’s stock, valued at $918,065.96. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 133,117 shares of company stock valued at $317,925. 1.60% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: This report was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2017/07/18/atlantic-power-corporation-at-earning-somewhat-critical-press-coverage-analysis-shows-updated-updated.html.

About Atlantic Power Corporation

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.

Insider Buying and Selling by Quarter for Atlantic Power Corporation (NYSE:AT)

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