Altus Power Lowers FY24 Revenue Guidance From $200M-$222M To $196M-$201M Vs $210.72M Est.
Portfolio Pulse from Benzinga Newsdesk
Altus Power has revised its FY24 revenue guidance from $200M-$222M to $196M-$201M, below the $210.72M estimate. The company also adjusted its EBITDA guidance and reaffirmed its 3-year growth targets.
August 08, 2024 | 8:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Altus Power has lowered its FY24 revenue guidance to $196M-$201M, below the $210.72M estimate, and adjusted its EBITDA guidance. The company reaffirmed its 3-year growth targets.
The downward revision in revenue and EBITDA guidance for FY24 is likely to negatively impact investor sentiment in the short term. However, the reaffirmation of long-term growth targets may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100