Infrastructure & Energy Alternatives soars on equity commitment [Seeking Alpha]
Infrastructure and Energy Alternatives, Inc. (IEA)
Last infrastructure and energy alternatives, inc. earnings: 3/10 05:25 pm
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Source: Seeking Alpha
Infrastructure and Energy Alternatives ( IEA ) skyrockets after announcing an additional $50M equity commitment agreement from Ares Management. IEA also reported Q2 revenues rose 88% from the year-ago quarter to $328M, primarily due to the inclusion of $135M from acquired businesses and $10M Y/Y growth in renewable operations. The company reiterates full-year adjusted EBITDA guidance of $90M-$110M and expects to achieve the higher end of full-year revenue guidance of $1B-$1.2B. See all stocks on the move » Now read: Gevo shoots higher after signing aviation fuel supply deal » Subscribe for full text news in your inbox
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