Alterra Power Corp (AXY) Downgraded by Canaccord Genuity to Hold

Canaccord Genuity cut shares of Alterra Power Corp (TSE:AXY) from a buy rating to a hold rating in a research report released on Monday morning.

Separately, Royal Bank Of Canada boosted their price objective on shares of Alterra Power Corp from C$6.00 to C$8.25 and gave the company a sector perform rating in a research note on Tuesday, October 31st.

Shares of Alterra Power Corp (TSE AXY) traded up C$0.02 during midday trading on Monday, hitting C$7.64. 204,445 shares of the stock traded hands, compared to its average volume of 62,777. Alterra Power Corp has a one year low of C$4.20 and a one year high of C$7.94.

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Alterra Power Corp Company Profile

Alterra Power Corp., together with its subsidiaries, owns, acquires, develops, and operates renewable power projects. The company operates 8 power plants totaling 825 megawatts (MW) of capacity, including Jimmie Creek run-of-river hydro facility in British Columbia; Dokie 1 wind farm in north-east British Columbia; Shannon Wind Farm in Texas; East Toba and Montrose Creek run-of-river power plants in south-west British Columbia; Svartsengi and Reykjanes geothermal facilities in Iceland; and Kokomo solar facility in Indiana.

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