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Last $2.49 USD
Change Today +0.05 / 2.05%
Volume 776.3K
AT On Other Exchanges
Symbol
Exchange
Toronto
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

atlantic power corp (AT) Snapshot

Open
$2.45
Previous Close
$2.44
Day High
$2.53
Day Low
$2.44
52 Week High
08/22/14 - $4.04
52 Week Low
10/8/14 - $1.91
Market Cap
303.5M
Average Volume 10 Days
577.4K
EPS TTM
--
Shares Outstanding
121.9M
EX-Date
05/27/15
P/E TM
--
Dividend
$0.13
Dividend Yield
4.01%
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: $400.0K
Compensation as of Fiscal Year 2014.

atlantic power corp (AT) Key Developments

Atlantic Power Corporation Completes Redemption of Senior Unsecured Notes Due November 2018

Atlantic Power Corporation announced further progress in strengthening its balance sheet and lowering its risk profile. The company completed the redemption of its outstanding $310.9 million principal amount of 9.0% Senior Unsecured Notes due November 2018. The Notes were redeemed at a price equal to 104.50% of the principal amount, plus accrued interest to the redemption date, for a total amount of $330.4 million. The company used the cash proceeds from the recently completed sale of its wind generation portfolio to fund the redemption. Expenses associated with the redemption totaling approximately $19.5 million will be recorded in the Company's financial results in the third quarter of 2015. Pro forma for the redemption of the Senior Unsecured Notes, the Company's consolidated debt is now approximately $1.1 billion. This has been reduced approximately $726 million on a net basis since year end 2013, including $249 million of project debt that was assumed by the buyer of the Company's wind generation portfolio. In addition, since year end 2013, the Company has reduced its share of equity-owned project debt by approximately $76 million, most of which was associated with the sale of the wind generation portfolio.

Atlantic Power Announces Redemption All of its Outstanding 9.0% Senior Unsecured Notes Due November 2018

Atlantic Power announced that it has called for redemption all of its outstanding 9.0% Senior Unsecured Notes due November 2018. The outstanding principal amount to be redeemed is approximately $310.9 million. The Notes will be redeemed in approximately thirty days at a redemption price equal to 104.50% of the principal amount thereof, plus accrued interest. Net proceeds to Atlantic Power from the wind sale are expected to be approximately $333 million after estimated transaction fees and transaction-related taxes. Proceeds will be used to fund the redemption of the Senior Unsecured Notes, consistent with the assumptions contained in the Company's 2015 guidance provided on May 7, 2015.

Atlantic Power Corporation Announces Quarterly Dividends on Cumulative Redeemable Preferred Shares, Payable on June 30, 2015

Atlantic Power Corporation announced that the Corporation has declared quarterly dividends of CAD 0.303125 per share on its Cumulative Redeemable Preferred Shares, Series 1, CAD 0.348125 on its Cumulative Rate Reset Preferred Shares, Series 2 and CAD 0.308750 on its Cumulative Floating Rate Preferred Shares, Series 3. The dividends on the Series 1 Shares, the Series 2 and the Series 3 Shares are to be paid on June 30, 2015 to shareholders of record at the close of business on June 15, 2015.

 

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AT Competitors

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Boralex Inc C$13.89 CAD +0.04
Capstone Infrastructure Corp C$3.09 CAD +0.06
Innergex Renewable Energy Inc C$10.73 CAD +0.04
Maxim Power Corp C$2.35 CAD +0.09
Northland Power Inc C$15.99 CAD +0.41
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Industry Analysis

AT

Industry Average

Valuation AT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 15.7x
TEV/Sales NM Not Meaningful
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