Altus Power rises on upbeat Q4 core profit

Altus Power

30/03/2023 13:21

** Shares of solar energy co Altus Power Inc  AMPS.N  up
11.5% at $6 premarket
    ** Co reports adj. Q4 profit of $16.55 mln vs avg analysts'
estimate of $14.80 mln - Refinitiv
    ** Co's revenue rises to $26.8 mln from $21.6 mln in the
year-ago quarter    
    ** AMPS says growth in adj. core profit due to increased
revenue from additional solar energy facilities
    ** Co projects adj. core profit for 2023 in the range of $97
mln-$103 mln
    ** Up to Wednesday's close, stock down 17.5% YTD

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