Altus Power rises on Q2 core profit beat

Altus Power

14/08/2023 12:51

** Shares of utility firm Altus Power  AMPS.N  up 8.2% to
$6.75 premarket
    ** Co's Q2 core profit beat market expectations on higher
revenue from additional solar energy facilities in operation in
the quarter
    ** Co's Q2 adj. core profit at $30.6 mln vs ests of $26.7
mln - Refinitiv
    ** Co's qtrly revenue up 88% to $46.5 mln vs ests $44.4 mln
- Refinitiv
    ** Up to last close, shares have fallen 4.3% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))