Altus Power falls after downbeat Q3 results

Altus Power

13/11/2023 15:52

** Shares of utility firm Altus Power  AMPS.N  down 6.84% to
$4.90
    ** Co posts rev of $45.08 mln for the quarter as compared to
analysts' average estimate of $52.17 mln - LSEG
    ** Firm reports quarterly profit of 3 cents per share vs
estimate of 4 cents per share 
    ** The Stamford, Connecticut-based company reaffirmed its
full year EBITDA in a range of $97-$103 million and adjusted
EBITDA margin in mid-to-high 50% range
    ** Altus separately announces a facility for the
construction of commercial solar assets
    ** Including session's losses, stock has fallen 24.85% YTD

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))