Montauk Renewables Raises FY23 Revenue Forecast From $155M-$164M To $178M-$194M; Est. $168.11M
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables has increased its revenue forecast for FY23 from $155M-$164M to $178M-$194M, against an estimate of $168.11M.
August 09, 2023 | 10:09 pm
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POSITIVE IMPACT
Montauk Renewables has raised its FY23 revenue forecast, which could positively impact its stock price.
Companies that raise their revenue forecasts are often viewed positively by investors, as it indicates better-than-expected performance. This could lead to increased demand for the stock, potentially driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100