AMPS vs. RNW, TAC, ENLT, CEPU, KEN, HE, EDN, ALCC, OKLO, and SPRU
Should you be buying Altus Power stock or one of its competitors? The main competitors of Altus Power include ReNew Energy Global (RNW), TransAlta (TAC), Enlight Renewable Energy (ENLT), Central Puerto (CEPU), Kenon (KEN), Hawaiian Electric Industries (HE), Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN), AltC Acquisition (ALCC), Oklo (OKLO), and Spruce Power (SPRU). These companies are all part of the "electric services" industry.
ReNew Energy Global (NASDAQ:RNW) and Altus Power (NYSE:AMPS) are both oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, dividends, valuation, community ranking, risk, media sentiment, profitability and institutional ownership.
In the previous week, Altus Power had 2 more articles in the media than ReNew Energy Global. MarketBeat recorded 6 mentions for Altus Power and 4 mentions for ReNew Energy Global. ReNew Energy Global's average media sentiment score of 1.06 beat Altus Power's score of 0.91 indicating that Altus Power is being referred to more favorably in the news media.
43.6% of ReNew Energy Global shares are held by institutional investors. Comparatively, 46.6% of Altus Power shares are held by institutional investors. 8.7% of ReNew Energy Global shares are held by insiders. Comparatively, 24.3% of Altus Power shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
ReNew Energy Global has a beta of 0.91, indicating that its share price is 9% less volatile than the S&P 500. Comparatively, Altus Power has a beta of 0.98, indicating that its share price is 2% less volatile than the S&P 500.
ReNew Energy Global presently has a consensus price target of $8.35, suggesting a potential upside of 39.40%. Altus Power has a consensus price target of $7.50, suggesting a potential upside of 85.19%. Given ReNew Energy Global's higher probable upside, analysts plainly believe Altus Power is more favorable than ReNew Energy Global.
Altus Power has lower revenue, but higher earnings than ReNew Energy Global. Altus Power is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.
Altus Power received 14 more outperform votes than ReNew Energy Global when rated by MarketBeat users. Likewise, 58.33% of users gave Altus Power an outperform vote while only 42.42% of users gave ReNew Energy Global an outperform vote.
ReNew Energy Global has a net margin of 3.61% compared to ReNew Energy Global's net margin of -4.48%. Altus Power's return on equity of 2.96% beat ReNew Energy Global's return on equity.
Summary
Altus Power beats ReNew Energy Global on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding AMPS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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