© Reuters.
During the recent earnings call, Atlantica’s CEO, Santiago Seage, provided an overview of the company’s financial performance for the full year of 2023 and outlined the strategic direction for 2024. Atlantica (AY) reported stable revenue of $1,099.9 million, meeting its guidance with an adjusted EBITDA of $794.9 million and cash available for distribution (CAFD) of $235.7 million.
The company expects to invest up to $220 million in new solar and storage projects in the United States and is in the process of divesting a 30% stake in Monterrey. Atlantica anticipates an adjusted EBITDA of $800 million to $850 million and CAFD in the range of $220 million to $270 million for 2024.
Key Takeaways
- Atlantica achieved its 2023 EBITDA and CAFD guidance.
- The company is focusing on solar and storage projects, with significant investments planned for 2024.
- Three new projects are…
