US-based Altus Power, Inc. has reported third-quarter 2024 financial results with revenues of $58.7 million, reflecting a 30% increase from the third quarter of 2023. The company recorded a GAAP net income of $8.6 million, up from $6.8 million in the same quarter the previous year. During this period, Altus Power generated 333 million kWh of renewable electricity, contributing to an estimated reduction of 232,000 metric tons of CO2 emissions. For fiscal year 2024, Altus Power reaffirmed its revenue guidance of $196 to $201 million and adjusted EBITDA expectations of $111 to $115 million.
Altus Power reports solid Q3 with $58.7M revenue increase
In Q3, Altus Power generated 333M kWh of renewable energy, cutting 232K tons of CO2. (Image Source: AltusPower )
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