Stock Analysis

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

OB:CLOUD
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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).
earnings-and-revenue-growth
OB:CLOUD Earnings and Revenue Growth November 10th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.