EarningsNPI reported Q3/24 adjusted EBITDA below expectations, primarily due to issues in Offshore Wind and Natural Gas performance.
Financial PerformanceGiven the approximately 7% adjusted EBITDA miss and less positive directional tone on the 2024 guide, shares could trade heavy in the near term.
Operational ChallengesUnpaid curtailments in Germany, due to negative pricing and grid outage, significantly impacted Offshore Wind EBITDA.