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Last C$3.98 CAD
Change Today +0.01 / 0.25%
Volume 198.1K
ATP On Other Exchanges
Symbol
Exchange
Toronto
New York
Frankfurt
As of 4:00 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

atlantic power corp (ATP) Snapshot

Open
C$3.96
Previous Close
C$3.97
Day High
C$4.02
Day Low
C$3.95
52 Week High
07/22/14 - C$4.44
52 Week Low
10/8/14 - C$2.14
Market Cap
485.1M
Average Volume 10 Days
195.9K
EPS TTM
C$-0.54
Shares Outstanding
121.9M
EX-Date
05/27/15
P/E TM
--
Dividend
C$0.12
Dividend Yield
3.02%
Current Stock Chart for ATLANTIC POWER CORP (ATP)

atlantic power corp (ATP) Related Businessweek News

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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, 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 (ATP) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

atlantic power corp (ATP) Key Developments

Atlantic Power Corporation to Appoint Gilbert S. Palter to its Board of Directors

Atlantic Power Corporation announced that the company will appoint Gilbert S. Palter to its Board of Directors following the Annual General Meeting on June 23, 2015. With the addition of Mr. Palter, the Board of Directors will consist of nine members, eight of whom are independent and four of whom have been appointed since November 2014. He has served as a director and as Chair of numerous public and private company boards, and currently serves on the boards of EdgeStone Capital Partners Inc., Aurigen Reinsurance Limited (Chair), Specialty Commerce Corp. (Chair), Eurospec Manufacturing Inc., Stephenson's Equipment Rental, and Tunnel Hill Partners, LP. The appointment of Mr. Palter has been at the recommendation of Mangrove Partners. In conjunction with the appointment of Mr. Palter to the Board, the company has signed a customary standstill and support agreement with Mangrove. The company also announced that it plans to reduce the number of directors to seven by the 2016 Annual General Meeting.

Atlantic Power Corporation Announces Distribution for the Quarter Ending June 30, 2015, Payable on June 30, 2015

Atlantic Power Corporation announced its distribution for the quarter ending June 30, 2015. A dividend of CAD 0.03 per common share will be payable on June 30, 2015 to holders of record at the close of business on May 29, 2015.

Atlantic Power Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Full Year of 2015

Atlantic Power Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported project revenues of $111.3 million compared with $125.3 million for the same period a year ago. Project income was $21.5 million compared with $25.7 million for the same period a year ago. Income from continuing operations before tax was $20.0 million compared with loss from continuing operations before tax of $31.1 million for the same period a year ago. Income from continuing operations was $24.6 million or $0.17 per basic and diluted share compared with loss from continuing operations of $14.2 million or $0.15 per basic and diluted share for the same period a year ago. Net income attributable to Atlantic Power Corporation was $17.5 million or $0.14 per basic and diluted share compared with net loss attributable to Atlantic Power Corporation of $18.9 million or $0.16 per basic and diluted share for the same period a year ago. Cash provided by operating activities was $35.1 million compared with cash used in operating activities of $28.7 million for the same period a year ago. The increase was primarily due to $46.8 million of costs associated with the debt repayment and repurchase transactions incurred in the first quarter of 2014, and an $18.9 million increase in cash inflows for working capital. Results included $10.8 million from discontinued operations in 2015 versus $8.8 million in 2014. Purchase of property, plant and equipment was $1.3 million compared with $2.6 million for the same period a year ago. Capitalized development costs of $0.8 million. Project adjusted EBITDA was $58.6 million compared with $56.4 million for the same period a year ago. Adjusted cash flows from operating activities was $34.4 million compared with $35.3 million for the same period a year ago. Free Cash Flow increased by $51.3 million to $5.0 million for the first quarter of 2015 compared to negative free cash flow of $46.3 million for the same period in 2014. The increase is primarily due to the $63.8 million increase in operating cash flows, partially offset by the $21.3 million amortization of the Atlantic Power Limited Partnership ("APLP") term loan. Adjusted Cash Flows from Operating Activities, which excludes discontinued operations, changes in working capital, severance, acquisition and disposition expenses and restructuring charges, declined slightly to $34.4 million from $35.3 million for the same period in 2014. Adjusted Free Cash Flow, which excludes the same variables listed above, declined $20.9 million to $7.0 million from $27.9 million for the same period in 2014, due primarily to the initial amortization of the APLP term loan, which commenced in the second quarter of 2014. The company revised earnings guidance for the full year of 2015. For the year, the company now expects project Adjusted EBITDA of $200 to $220 million compared with $265 to $285 million previous guidance. APLP Project Adjusted EBITDA of $148 to $160 million. Adjusted Cash Flows from Operating Activities of $90 to $110 million compared with $120 to $140 million previous guidance. Adjusted Free Cash Flow of $0 to $20 million compared with $10 to $30 million previous guidance. For 2015, the company projects that capital expenditures will total approximately $11.5 million, of which approximately $10 million relates to discretionary optimization projects described subsequently.

 

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Industry Analysis

ATP

Industry Average

Valuation ATP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow 20.5x
TEV/Sales NM Not Meaningful
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