RE:Third quarter earnings
In a research note, ATB Capital Markets analyst Nate Heywood said: “We view the announcement as neutral given the Company reported Adjusted EBITDA in line with expectations due to the heavily contracted nature of the cash flows. The business continues to be supported by strong performance from its Canadian Wind and US Wind & Solar assets, as higher production and incremental cash flows from new projects drive results year-over-year. RNW continues to target Comparable EBITDA within its previously announced guidance range of $445-$475-million (ATB estimate: $455-million).”