Bullboard - Stock Discussion Forum Alterra Power MGMXD

Utilities Utilities - Independent Power Producers

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.

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Alterra Power > Quarterly report looks good

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Post by RDK241t on Nov 08, 2016 11:24pm

Quarterly report looks good

Revenue and Adjusted EBITDA:Consolidated revenue increased by 15% to $14.1 million and net interest revenue increased by 26% to $28.1 million (from the comparative quarter of 2015) predominantly due to strengthening of the Icelandic Krona and revenue generated by the Company's new projects (Shannon and Jimmie Creek). Consolidated and net interest Adjusted EBITDA increased by 21% and 24% to $21.4 million and $19.0 million respectively, primarily due to foreign exchange gains and EBITDA generated by Shannon and Jimmie Creek

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Comment by MOJOJONO on Nov 09, 2016 2:07am

yea, looks fine. Too bad the market tomorrow will be engulfed by trumpocalypse lol

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Comment by BoldForbes on Nov 09, 2016 5:52am

Well, I am mixed on the first and I would agree with the second statement. I only had about an hour this morning to review and below are my quick findings: Quarterly revenue growth ~10%, year-over-year slightly up, basically flat Expense difference: Change in the fair value of derivatives 9,449 3Q2016 vs (5,524) 3Q2015 (reason for earnings - this is all timing and non-cash anyway) ...more

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Alterra Power