Altius Renewable Royalties Corp. (TSE:ARR) has released an update.
Altius Renewable Royalties Corp. reports a significant year-over-year increase in Q1 2024 proportionate royalty revenue, rising to $2.5 million from $1.0 million in Q1 2023. The growth is attributed to revenue from Great Bay Renewables’ operating royalties, including the newly operational Canyon Wind project, and additional revenue from the Titan Solar transmission upgrade and Hexagon project sales. The company anticipates further growth with 895 MW of projects under construction and favorable market conditions for new royalty investments.
For further insights into TSE:ARR stock, check out TipRanks’ Stock Analysis page.
