Last C$2.55 CAD
Change Today +0.04 / 1.59%
Volume 173.0K
ATP On Other Exchanges
Symbol
Exchange
Toronto
New York
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As of 12:06 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

atlantic power corp (ATP) Snapshot

Open
C$2.52
Previous Close
C$2.51
Day High
C$2.57
Day Low
C$2.48
52 Week High
10/18/13 - C$5.51
52 Week Low
02/6/14 - C$2.35
Market Cap
307.8M
Average Volume 10 Days
952.1K
EPS TTM
C$-1.04
Shares Outstanding
120.7M
EX-Date
--
P/E TM
--
Dividend
C$0.12
Dividend Yield
15.81%
Current Stock Chart for ATLANTIC POWER CORP (ATP)

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atlantic power corp (ATP) Details

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2013, its power generation projects in operation had an aggregate gross electric generation capacity of approximately 2,948 megawatts consisting of interests in 28 operational power generation projects across 11 states in the United States and 2 provinces in Canada. The company also holds a 300 megawatts wind farm project located in Oklahoma; and a 53 megawatts biomass project under construction in Georgia. Atlantic Power Corporation sells its electricity to utilities and other commercial customers. The company was founded in 2004 and is headquartered in Boston, Massachusetts.

295 Employees
Last Reported Date: 02/27/14
Founded in 2004

atlantic power corp (ATP) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $317.1K
Executive Vice President of Commercial Develo...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

atlantic power corp (ATP) Key Developments

Atlantic Power Corporation Reaffirms Earnings Guidance for the Fiscal 2014

Atlantic Power Corporation reaffirmed earnings guidance for the fiscal 2014. The company continues to expect 2014 project adjusted EBITDA of $280 to $305 million and free cash flow of $0 to $25 million, which is net of approximately $52 to $55 million of term loan amortization and approximately $17 million of discretionary optimization investments.

Atlantic Power Corporation Plans to Pay Quarterly Dividend

Atlantic Power Corporation intends to pay dividends on a quarterly basis. As previously announced, the monthly dividend of CAD 0.03333 declared August 15, 2014 will be paid September 30, 2014. The company will then move to a quarterly dividend rate of CAD 0.03, with the first quarterly dividend to be declared in November and paid at the end of December 2014. Atlantic Power also announced a reduction in its dividend rate to CAD 0.12 from CAD 0.40 on an annual basis.

Atlantic Power Concludes Strategic Review

Atlantic Power Corporation (TSX:ATP) has completed the strategic review process and has concluded that a sale or merger of the Company is not in the best interests of the Company or its stakeholders at this time. With the assistance of Greenhill & Co., Inc. (NYSE:GHL) and Goldman, Sachs & Co., Atlantic Power's Board of Directors conducted a thorough review of the options available to the Company with respect to a possible sale or merger. The Board of Directors has determined that the interests of the Company and its stakeholders are best served at this time by continuing to operate as an independent company and executing the Company's business plan, including the objectives of enhancing the value of its existing assets through optimization investments and commercial activities, delivering its balance sheet to improve both its cost of capital and ability to compete for new investments, and utilizing the Company's core competencies to create proprietary investment opportunities. In addition, the Company will continue to assess other potential options, including asset sales or the contribution of assets to a joint venture in order to raise additional capital for growth and/or debt reduction.

 

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ATP Competitors

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Industry Analysis

ATP

Industry Average

Valuation ATP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.5x
Price/Cash Flow 5.4x
TEV/Sales NM Not Meaningful
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