BUZZ-Atlantic Power Corp: RBC downgrades, says "limited catalysts" for stock

Mon May 11, 2015 12:22pm EDT
 
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** Canadian power producer's shares down 6.3 pct at C$3.71; U.S.-listed shares down 6.2 pct at $3.07

** RBC Capital Markets downgrades stock to "underperform" from "sector perform" citing "limited catalysts for the shares to move higher"

** "We believe it will take several years to right-size the balance sheet," analysts write

** Of the 5 analysts covering stock, 1 has a "sell" rating, 1 a "buy" and 3 a "hold"

** Up to Friday's close, company's Canada-listed shares had risen 22 pct this year, while U.S.-listed shares had gained 18 pct