EBITDA on an adjusted basis in the quarter ending 30 November was $8.1m, down from $9.7m in the third quarter. Cash available for distribution (CAFD) was $16.3m, exceeding fourth quarter guidance by $1m, more than double $6.7m the previous quarter.
Chief financial officer Mark Widmar reminded analysts on a conference call that the fourth quarter has the least solar irradiance during the year in the US, where most of 8point3’s initial portfolio of PV assets is located.
