MPC Energy Solutions NV ( (DE:5IX) ) just unveiled an announcement.
MPC Energy Solutions reported a strong financial performance in 2024, surpassing its revenue guidance and achieving significant year-over-year growth in key metrics. The company generated 116.1 GWh of clean energy, with revenues and project-level EBITDA reaching USD 12.8 million and USD 7.9 million, respectively. Despite challenges in Puerto Rico and Colombia, strong performances in El Salvador and Mexico improved EBITDA margins. The company also reduced overhead spending by 30% and reported a positive group EBITDA of USD 3.8 million. However, impairment charges led to a net loss of USD 15.7 million. The upcoming San Patricio project in Guatemala is expected to significantly boost future financial results.
More about MPC Energy Solutions NV
MPC Energy Solutions develops, builds, owns, and operates renewable energy assets, including utility-scale solar photovoltaics (PV), onshore wind farms, and hybrid projects that combine renewable sources and storage technologies.
YTD Price Performance: -5.57%
Average Trading Volume: 7,551
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €17.36M
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