Markets

Analyst Actions: CIBC World Markets Upgrades Atlantic Power

Atlantic Power Corp. (ATP.TO) has added growth to its portfolio by completing its $88-million acquisition of Ridgeline Energy Holdings Inc., commented CIBC World Markets analyst Ian Tharp, the Globe & Mail reports.

The deal adds 150 net megawatts of operating capacity, but also gives Atlantic Power something it had previously lacked: a number of possible wind and solar development projects, he noted.

Tharp upgraded the stock to "sector performer" from "sector underperformer" but trimmed his price target to $12.50 from $13.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More