Somewhat Positive Press Coverage Somewhat Unlikely to Affect Atlantic Power (AT) Share Price

News headlines about Atlantic Power (NYSE:AT) (TSE:ATP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlantic Power earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.4080829800604 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s rankings:

AT has been the subject of several research reports. Zacks Investment Research raised Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Wednesday, November 15th. TD Securities reaffirmed a “hold” rating and set a $2.50 price target on shares of Atlantic Power in a research note on Tuesday, October 17th. Finally, National Bank Financial set a $2.50 price target on Atlantic Power and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Atlantic Power currently has an average rating of “Hold” and an average price target of $2.58.

Atlantic Power (NYSE:AT) remained flat at $$1.85 during trading on Wednesday. The stock had a trading volume of 311,440 shares, compared to its average volume of 719,624. The stock has a market cap of $218.90, a PE ratio of -3.30 and a beta of 1.53. Atlantic Power has a 12 month low of $1.85 and a 12 month high of $2.70. The company has a debt-to-equity ratio of 30.07, a quick ratio of 0.97 and a current ratio of 1.07.

In related news, Director Gilbert Samuel Palter acquired 35,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $2.35 per share, for a total transaction of $82,250.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

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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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