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Altus Power cuts FY24 revenue view to $196M-$201M, consensus $210.72M

The company announced plans to revise its previously stated guidance range of $200-222 million of revenue and $115-135 million of adjusted EBITDA, to $196-201 million of revenue and $111-115 million of adjusted EBITDA for FY2024. At the same time, the company reaffirmed its previously stated 3-year guidance of 20-30% CAGR on megawatts and 20-25% CAGR on revenue and adjusted EBITDA.

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