Atlantic Power Corp.

ATP-T

TSE:ATP

3.29
0.04 (1.23%)
Atlantic Power Corporation headquartered in Dedham, Massachusetts, is a power generation and infrastructure company with a portfolio of assets in the United States and Canada.
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Analysis and Opinions about ATP-T

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
April 23, 2018

They generate electivity and sell it. As we move in this direction this company will have a foothold and niche. It is a capital intensive business and interest rates rising will be a problem.

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They generate electivity and sell it. As we move in this direction this company will have a foothold and niche. It is a capital intensive business and interest rates rising will be a problem.

DON'T BUY
DON'T BUY
August 22, 2017

He does not like it. They cancelled their dividend. You expect one from a utility. The share price is down about 10% this year. Things are improving, but he does not recommend it.

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He does not like it. They cancelled their dividend. You expect one from a utility. The share price is down about 10% this year. Things are improving, but he does not recommend it.

DON'T BUY
DON'T BUY
September 8, 2016

Return on capital went down to 1% and is now hovering at 3%. It is not as strong as other utilities so he would stay away from it.

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Return on capital went down to 1% and is now hovering at 3%. It is not as strong as other utilities so he would stay away from it.

DON'T BUY
DON'T BUY
May 30, 2016

It seems to find support in the mid-$2s. It has failed to break out. There is good support at $2, but he would not be that hopeful that it is heading back up. He is semi-bearish.

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It seems to find support in the mid-$2s. It has failed to break out. There is good support at $2, but he would not be that hopeful that it is heading back up. He is semi-bearish.

COMMENT
COMMENT
May 8, 2015

When you look at the earnings forecast for the coming year, minus 37%, even the dividend they are paying now doesn’t cover what they are paying out. What concerns him is the long run balance sheet trend back to 2011, which is in a downward slope. It doesn’t have a particularly robust balance sheet and is paying out too much in dividends and selling at BV right now.

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When you look at the earnings forecast for the coming year, minus 37%, even the dividend they are paying now doesn’t cover what they are paying out. What concerns him is the long run balance sheet trend back to 2011, which is in a downward slope. It doesn’t have a particularly robust balance sheet and is paying out too much in dividends and selling at BV right now.

COMMENT
COMMENT
March 13, 2015

Verizon (VZ-N) or Atlantic Power (ATP-T)? He would go for Verizon which gives you more security of income. This company cut its dividend in half, and there is never just one dividend cut usually.

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Verizon (VZ-N) or Atlantic Power (ATP-T)? He would go for Verizon which gives you more security of income. This company cut its dividend in half, and there is never just one dividend cut usually.

DON'T BUY
DON'T BUY
November 26, 2014

Their merger and sale is off the table. They slashed their dividend to $0.12. He thinks that there is no way that they can do any developments and there is no free cash flow after the dividend. His call is that this should be a $2 stock.

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Their merger and sale is off the table. They slashed their dividend to $0.12. He thinks that there is no way that they can do any developments and there is no free cash flow after the dividend. His call is that this should be a $2 stock.

SELL
SELL
October 27, 2014

Downgraded on the first dividend cut and now they did it twice. Negative on earnings growth potential as well as on management. The cash flow is enough to support the bond so he would not be worried about them.

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Downgraded on the first dividend cut and now they did it twice. Negative on earnings growth potential as well as on management. The cash flow is enough to support the bond so he would not be worried about them.

COMMENT
COMMENT
September 23, 2014

The consensus earnings estimate in the next 12 months is minus $0.47. Up until recently, they have been paying out dividends of $0.39, so clearly something didn’t fit, so the dividend had to go. Not a terribly strong balance sheet. If it gets down to $1.84, he would probably take a swing at this one, but with his heart in his hand.

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Atlantic Power Corp. (ATP-T)
September 23, 2014

The consensus earnings estimate in the next 12 months is minus $0.47. Up until recently, they have been paying out dividends of $0.39, so clearly something didn’t fit, so the dividend had to go. Not a terribly strong balance sheet. If it gets down to $1.84, he would probably take a swing at this one, but with his heart in his hand.

DON'T BUY
DON'T BUY
September 16, 2014

They have slashed the payout and are now trying to sell themselves. The stock price has just plummeted. This is the problem with these former income trusts with very high payout ratios. In the end you have to ask is it well covered and what is the percentage that is being paid out.

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Atlantic Power Corp. (ATP-T)
September 16, 2014

They have slashed the payout and are now trying to sell themselves. The stock price has just plummeted. This is the problem with these former income trusts with very high payout ratios. In the end you have to ask is it well covered and what is the percentage that is being paid out.

HOLD
HOLD
September 4, 2014

This company has really turned the corner. Likes the stock, but it is too small for him. He gets participation through Emera (EMA-T), which is a big shareholder. They are doing the right kind of things, playing the niche markets and the renewables. 9.4% yield is sustainable as the company grows into it.

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This company has really turned the corner. Likes the stock, but it is too small for him. He gets participation through Emera (EMA-T), which is a big shareholder. They are doing the right kind of things, playing the niche markets and the renewables. 9.4% yield is sustainable as the company grows into it.

DON'T BUY
DON'T BUY
July 31, 2014

This one is very tempting, but he doesn’t think the dividend yield is sustainable. As of Q1, the dividend was 3X higher than the free cash flow. Doesn’t think there will be a buyer for them.

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This one is very tempting, but he doesn’t think the dividend yield is sustainable. As of Q1, the dividend was 3X higher than the free cash flow. Doesn’t think there will be a buyer for them.

DON'T BUY
DON'T BUY
July 9, 2014

Debentures? He thinks this company will likely survive. Have a tremendous debt load. The debentures traded below par for good reason. There is a lot of risk out there. Doesn’t know if they have been well-managed in the past few years. Right now they are trying to work their way out of their problems. If you are looking to buy in, debentures would be the route to go. Not on his Watchlist.

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Debentures? He thinks this company will likely survive. Have a tremendous debt load. The debentures traded below par for good reason. There is a lot of risk out there. Doesn’t know if they have been well-managed in the past few years. Right now they are trying to work their way out of their problems. If you are looking to buy in, debentures would be the route to go. Not on his Watchlist.

DON'T BUY
DON'T BUY
June 27, 2014

Sold his holdings, but has been buying their convertible bonds. They are trying to get themselves sold. Have money in the bank. There is a lot of uncertainty as to where management is taking the company. 9.6% yield, but this might get cut. Have a convertible bond that is maturing in 2019, which he thinks is just perfect.

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Sold his holdings, but has been buying their convertible bonds. They are trying to get themselves sold. Have money in the bank. There is a lot of uncertainty as to where management is taking the company. 9.6% yield, but this might get cut. Have a convertible bond that is maturing in 2019, which he thinks is just perfect.

COMMENT
COMMENT
May 26, 2014

Seasonality for utilities is just about to start in June. The bottom in February is really indicative of a lot of utility companies. Chart shows a nice nascent trend. If we get above $4, this will usher in a lot of new buyers. Thinks there is pretty good upside potential on this.

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Seasonality for utilities is just about to start in June. The bottom in February is really indicative of a lot of utility companies. Chart shows a nice nascent trend. If we get above $4, this will usher in a lot of new buyers. Thinks there is pretty good upside potential on this.

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