12 West Capital Discloses Atlantic Power Stake ~ market folly

Tuesday, August 4, 2015

12 West Capital Discloses Atlantic Power Stake

Joel Ramin's hedge fund firm 12 West Capital has filed a 13G with the SEC regarding shares of Atlantic Power (AT).  Per the filing, 12 West now owns 5.1% of the company with over 6.2 million shares.

This is a newly revealed position and the filing was made due to activity on July 24th.  The company recently sold its wind portfolio and redeemed senior unsecured notes.  Over the past month, AT common shares have fallen from around $3.25 to current levels of around $2.36.

Per Yahoo Finance, Atlantic Power Corporation "owns and operates a fleet of power generation assets in the United States and Canada."

You can view additional recent portfolio activity from 12 West Capital here.

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