Cloudberry Clean Energy ASA (CLOUD) Earnings Call Transcripts

Cloudberry Clean Energy ASA's Latest Earnings Call - Q1 FY2026

In Q1 2026, Cloudberry Clean Energy ASA reported strong revenue growth driven by historically high power prices, achieving NOK 1 per kilowatt hour. The company recorded significant increases in both revenue and EBITDA compared to Q1 2025, supported by a diversified portfolio and strategic market entries, including a 50% acquisition of a wind farm in Finland. Management maintained a positive outlook, emphasizing continued growth opportunities in the Nordic region and a focus on M&A activities, while also highlighting a strong balance sheet and cash position for future investments.

Reported metrics

Guidance from management

Management maintained a positive outlook for 2026, indicating strong demand for renewable energy and continued growth opportunities in the Nordic market. They expect to leverage their strong balance sheet for future M&A activities and project developments.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of fluctuating power prices on revenue and the company's ability to maintain production levels amidst variable weather conditions. There were also questions about the timeline for realizing benefits from new projects and the effectiveness of the cost reduction initiatives.

Main topics on the call

• Revenue and EBITDA Growth — Cloudberry reported substantial growth in both revenue and EBITDA, with a realized power price of NOK 1 per kilowatt hour, a significant increase from NOK 0.7 per kilowatt hour in Q1 2025. CEO Anders Lenborg stated, "we ...
• Market Expansion into Finland — The company has entered the Finnish market by acquiring 50% of the MLK wind farm, which is seen as a strategic move to enhance its portfolio. Lenborg noted, "we are very happy to finally manage to be across Nordic platfo...
• Strong Power Price Environment — Management emphasized the favorable power price environment, with a forward power price curve indicating sustained high prices. CFO Ole-Kristofer Bragnes mentioned, "we are realizing an average power price of NOK 1 per k...
• Cost Reduction Initiatives — Cloudberry initiated a cost reduction program targeting NOK 30 million in annual savings, with a focus on streamlining operations and reducing overhead. Bragnes stated, "we are at around NOK 25 million in cost reduction ...

Read the full Cloudberry Clean Energy ASA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Cloudberry Clean Energy ASA earnings call transcripts on record, spanning February 11, 2022 to June 26, 2026. Based on this history, Cloudberry Clean Energy ASA reports quarterly. The most recent call on file is dated June 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CLOUD

Exchange

OB

Country

NO

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

19

First call

February 11, 2022

Most recent

June 26, 2026

Reporting cadence

quarterly