Cloudberry Clean Energy ASA ( (DE:52K) ) has issued an update.
Cloudberry Clean Energy ASA reported significant growth in the fourth quarter of 2024, driven by increased development activities. The company achieved a consolidated revenue of NOK 127m and a proportionate EBITDA of NOK 166m, with strong cash reserves and conservative debt management. Key developments include a transformative transaction in Denmark, adding 160 GWh to its production portfolio, and strategic project expansions in Sweden and at the Nees Hede project. These initiatives enhance Cloudberry’s production capacity and market presence in favorable price regions, strengthening its position in the renewable energy sector.
More about Cloudberry Clean Energy ASA
Cloudberry Clean Energy ASA is a renewable energy company operating in the Nordic region, focusing on owning, developing, and operating hydropower plants and wind farms. The company aims to support the energy transition to a sustainable future by providing renewable energy solutions for Europe. Cloudberry is publicly traded on the Oslo Stock Exchange and is supported by strong owners and an experienced management team.
YTD Price Performance: -1.18%
Average Trading Volume: 2,920
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €293.5M
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