Sees FY23 net loss $6M-$7M. Sees FY24 net income $26M.The company said, “Despite delayed governmental approvals impacting revenue in Q4 2023, Emeren anticipates full year 2023 revenue of approximately $100 million and a net loss of $6-7 million. The delayed project approvals are anticipated to be resolved within the first half of 2024. Emeren anticipates net income of approximately $26 million for the fiscal year 2024. The Company will discuss its strategy on advanced-stage development along with the commencement of building higher-return IPPs on its upcoming earnings call. The goal is also to accelerate the monetization of its over 3 GW pipeline.”
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