Cloudberry Clean Energy Third Quarter 2024 Earnings: kr0.06 loss per share (vs kr0.12 loss in 3Q 2023)

Cloudberry Clean Energy (OB:CLOUD) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr85.0m (up 13% from 3Q 2023).
• Net loss: kr19.0m (loss narrowed by 46% from 3Q 2023).
• kr0.06 loss per share (improved from kr0.12 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cloudberry Clean Energy Earnings Insights

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Renewable Energy industry in Norway.

Performance of the Norwegian Renewable Energy industry.

The company's shares are down 3.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Cloudberry Clean Energy's balance sheet.

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