Alterra Power Corp (AXY) Sets New 52-Week High Following Analyst Upgrade

Alterra Power Corp (TSE:AXY) shares reached a new 52-week high during trading on Tuesday after Canaccord Genuity upgraded the stock from a speculative buy rating to a buy rating. The stock traded as high as C$7.94 and last traded at C$7.83, with a volume of 1,309,127 shares. The stock had previously closed at C$5.06.

Separately, Royal Bank Of Canada lifted their price target on Alterra Power Corp from C$6.00 to C$8.25 and gave the stock a “sector perform” rating in a report on Tuesday.

The company’s market cap is $457.13 million. The stock’s 50 day moving average is $5.32 and its 200 day moving average is $5.39.

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Alterra Power Corp Company Profile

Alterra Power Corp. is a leading global renewable energy company.

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