Down -33.63% in 4 Weeks, Here's Why Altus Power (AMPS) Looks Ripe for a Turnaround

Group 1 - Altus Power, Inc. (AMPS) has experienced a significant downtrend, with a stock decline of 33.6% over the past four weeks, indicating strong selling pressure [1] - The stock is currently in oversold territory, as indicated by an RSI reading of 27.35, suggesting that the heavy selling may be exhausting itself and a potential bounce back could occur [4] - Wall Street analysts have raised earnings estimates for AMPS by 115% over the last 30 days, indicating a consensus that the company may report better earnings than previously predicted [6] Group 2 - AMPS holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which suggests a strong potential for price appreciation in the near term [6]