Earnings MissAMPS missed 4Q EPS and guided FY24 revenues and adj. EBITDA approximately 5% and 6% below consensus, respectively.
Financial ForecastAltus forecasts a higher cash burn in 2024, which suggests increased capital expenditures needed to bring solar projects online.
Operational ChallengesPoor weather on both the West and East coasts, which led to lower electricity generation, drove the miss.