Altus Power Reaffirmed FY23 Adj. EBITDA $97M-$103M.
Portfolio Pulse from Benzinga Newsdesk
Altus Power has reaffirmed its FY23 adjusted EBITDA guidance of $97M-$103M. The company also expects its 2023 adjusted EBITDA margin to be in the mid-to-high fifty percent range.
August 14, 2023 | 11:23 am
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NEUTRAL IMPACT
Altus Power's reaffirmation of its FY23 adjusted EBITDA and margin guidance may provide stability for its stock.
Altus Power's reaffirmation of its FY23 adjusted EBITDA and margin guidance indicates that the company is confident in its financial performance. This could provide stability for its stock as it reduces uncertainty for investors. However, the actual impact will depend on the overall market conditions and investor sentiment towards the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100