Atlantica Sustainable Infrastructure reports Q4 EPS 3c, consensus 4c

Reports Q4 revenue $243.6M, consensus $263.14M. The company said, "As of today, Atlantica has already committed or earmarked investments for 2023 in a range between $165 and $185 million. These investments include: The construction of Coso Batteries 1, a battery storage system developed in-house located inside our Coso geothermal plant in California, recently announced. The battery system will have a capacity of 100 MWh and is expected to start operation in 2024. The project, which will benefit from the U.S. Inflation Reduction Act and from synergies with existing assets in the region, will represent an expected investment in a range between $40 and $50 million. Several solar PV assets in North America, Europe and South America, in which we expect to invest between $80 and $85 million. The expansion of two of our transmission lines in Peru, ATN and ATS, which are expected to represent an investment in a range between $18 and $20 million. Other investments, including storage in different geographies, for an amount in the range of $25 to $30 million."