Altus Power gains on upbeat Q4 core profit

Altus Power

30/03/2023 15:48

(Updates)
    ** Shares of solar energy company Altus Power Inc  AMPS.N 
up 7.8% at $5.80
    ** Company reports Q4 adj profit of $16.55 mln vs est $14.80
mln - Refinitiv
    ** AMPS' revenue rises to $26.8 mln from $21.6 mln    
    ** Company says growth in adj core profit due to increased
revenue from additional solar energy facilities
    ** Projects adj core profit for 2023 in the range of $97
mln-$103 mln
    ** Including session's gains, company's shares down ~11% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))