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Last $2.82 USD
Change Today +0.03 / 1.08%
Volume 509.0K
AT On Other Exchanges
Symbol
Exchange
Toronto
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

atlantic power corp (AT) Snapshot

Open
$2.80
Previous Close
$2.79
Day High
$2.84
Day Low
$2.79
52 Week High
07/1/14 - $4.15
52 Week Low
10/8/14 - $1.91
Market Cap
342.4M
Average Volume 10 Days
688.8K
EPS TTM
--
Shares Outstanding
121.4M
EX-Date
02/25/15
P/E TM
--
Dividend
$0.12
Dividend Yield
3.60%
Current Stock Chart for ATLANTIC POWER CORP (AT)

atlantic power corp (AT) Related Businessweek News

No Related Businessweek News Found

atlantic power corp (AT) Details

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2014, its power generation projects in operation had an aggregate gross electric generation capacity of approximately 2,945 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 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.

316 Employees
Last Reported Date: 02/26/15
Founded in 2004

atlantic power corp (AT) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2013.

atlantic power corp (AT) Key Developments

Atlantic Power Corporation Announces Dismissal of U.S. Securities Class Action Lawsuit by the U.S. District Court

Atlantic Power Corporation announced that the U.S. District Court for the District of Massachusetts has granted the defendants' motion to dismiss the amended complaint in the securities class action suit originally filed on March 15, 2013 against Atlantic Power and certain of its current and former officers and directors. In addition, the District Court denied plaintiffs' motion to amend their complaint as futile.

Atlantic Power Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015

Atlantic Power Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported project revenue of $142.4 million against $130.7 million a year ago. Project income was $2.8 million against $7.3 million a year ago. Loss from continuing operations before income taxes was $16.5 million against $9.3 million a year ago. Loss from continuing operations was $12 million or $0.09 per basic and diluted share against profit of $8.3 million or $0.04 per basic and diluted share a year ago. Net loss attributable to the parent company was $10.2 million or $0.09 per basic and diluted share against net profit of $4.9 million or $0.04 per basic and diluted share a year ago. Project adjusted EBITDA increased by $19.8 million to $77.9 million for the three months ended December 31, 2014 from $58.1 million for the year-ago period. For the year, the company reported project revenue of $569.2 million against $544.1 million a year ago. Project loss was $50.5 million against project income of $63.7 million a year ago. Loss from continuing operations before income taxes was $194 million against $37.7 million a year ago. Loss from continuing operations was $182.1 million or $1.47 per basic and diluted share against $18.2 million or $0.23 per basic and diluted share a year ago. Net loss attributable to the parent company was $177.4 million or $1.47 per basic and diluted share against $33 million or $0.28 per basic and diluted share a year ago. Cash provided by operating activities was $65 million against $152.4 million a year ago. Purchase of property, plant and equipment was $13.4 million against $5.5 million a year ago. Project adjusted EBITDA was $299.3 million against $268.9 million a year ago. Negative free cash flow was $55.6 million against free cash flow of $108.8 million a year ago. The decrease is primarily due to an $87.4 million decrease in operating cash flows as described previously, $58.4 million of term loan facility repayments by APLP and a $10.6 million increase in project-level debt repayment. Adjusted free cash flow was $29.9 million against $37.6 million a year ago. The reduction in project income was primarily due to non-cash impairment charges in 2014 of $106.6 million, an increase of $71.7 million from the 2013 period; decreased asset sale gains of $21.8 million; net year-over-year non-cash changes in the fair value of gas purchase agreements and interest rate swap agreements accounted for as derivatives totaling $(58.2) million; and decreased project income of $11.9 million at Selkirk, due to lower energy revenues and accelerated depreciation. These negative factors were partially offset by improvements at several projects in the East and West segments due to favorable outage comparisons; increased margins at Morris and Orlando; lower interest expense at Curtis Palmer; improved generation at Meadow Creek; an additional quarter of Piedmont operation; and a $7.1 million reduction in loss in the Un-allocated Corporate segment, primarily attributable to $3.5 million in development and administrative expense reductions at Ridgeline as well as administrative reduction initiatives undertaken during the year. Adjusted Cash Flows from Operating Activities increased by $66.7 million to $142.4 million for the year ended December 31, 2014 compared to $75.7 million for the same period in 2013. For 2015, the company expects adjusted cash flows from operating activities of $120 million to $140 million as compared to $142 million in 2014. The primary driver of the decrease is lower Project Adjusted EBITDA, partially offset by lower cash interest of approximately $8 million and a reduction of the corporate portion of total G&A expense of about $8 million. Adjusted free cash flow after this planned capital expenditures is expected to be $10 million to $30 million. This would be available for other potential uses, including the payment of common dividends, additional growth investments or optimization projects and discretionary repurchases of debt. Compared to the 2014 adjusted free cash flow of $30 million, the company expects 2015 to show a decline, primarily because of lower Project Adjusted EBITDA, partially offset by lower corporate G&A, lower cash interest and modestly lower debt repayment.

Atlantic Power Corporation Announces Quarterly Common Share Dividend for the Quarter Ending March 31, 2015, Payable on March 31, 2015

Atlantic Power Corporation announced its distribution for the quarter ending March 31, 2015. A dividend of CAD 0.03 per common share will be payable on March 31, 2015 to holders of record at the close of business on February 27, 2015.

 

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Industry Analysis

AT

Industry Average

Valuation AT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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