Altus Power Inc (AMPS) said before open Monday that it earned $0.03 per share in quarter three 2023.
On the revenue line, the company reported $45.1 million, missing estimates by $7 million.
In the same quarter a year ago, the company lost $0.63 per share on revenue of $30.4 million.
The stock is up 0.1% to $5.27 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 34. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
Altus Power Inc is a renewable energy generation company focused on the commercial and industrial, public sector, and community solar customers. It operates as a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic and energy storage systems, as well as electric vehicle charging facilities.
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Altus Power Inc Up 0.1% To $5.27 After Earnings Miss
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