How Atlantic Power Corporation (AT) Stock Stands Out in a Strong Industry - Tale of the Tape
April 08 2014 - 8:55AM
Zacks
One stock that might be an intriguing
choice for investors right now is Atlantic Power
Corporation (AT). This is because this security in the
Utility-Electricity Power industry space is seeing solid earnings
estimate revision activity, and is in great company from a Zacks
Industry Rank perspective.
This is important because, often times, a rising tide will lift all
boats in an industry, as there can be broad trends taking place in
a segment that are boosting securities across the board. This is
arguably taking place in the Utility-Electricity Power industry
space as it currently has a Zacks Industry Rank of 58 out of more
than 250 industries, suggesting it is well-positioned from this
perspective, especially when compared to other segments out
there.
Meanwhile, Atlantic Power is actually looking pretty good on its
own too. The firm has seen solid earnings estimate revision
activity over the past month, suggesting analysts are becoming a
bit more bullish on the firm’s prospects in both the short and long
term.
In fact, over the past month, current quarter estimates have risen
from loss of 30 cents per share to loss of 21 cents per share,
while current year estimates have risen from loss of 72 cents per
share to loss of 69 cents per share. The company currently holds a
Zacks Rank #3 (Hold), which is also a favorable signal.
So, if you are looking for a decent pick in a strong industry,
consider Atlantic Power. Not only is its industry currently in the
top third, but it is seeing solid estimate revisions as of late,
suggesting it could be a very interesting choice for investors
seeking a name in this great industry segment.
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