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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Cloudberry Clean Energy
Cloudberry Clean Energy (CLOUD) investor relations material
Cloudberry Clean Energy Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary4 Nov, 2026
Executive summary
Orrön acquisition closed on 31 August, adding 758 GWh; Q3 included only September contributions, while annual proportionate production reached 2.1 TWh.
Record Q3 proportionate production and higher realized prices lifted revenue and EBITDA; proportionate production spanned all Nordic price areas.
Platform combines merchant-exposed renewable generation with capital-light powered-land projects for data centers.
Financial highlights
Proportionate Q3 revenue and other income rose to NOK 349m from NOK 158m; EBITDA increased to NOK 165m from NOK 36m.
Consolidated Q3 revenue and other income was NOK 302m vs. NOK 130m; EBITDA was NOK 160m vs. NOK 143m.
Proportionate production was 295 GWh vs. 177 GWh; realized power price was NOK 0.93/kWh vs. NOK 0.61/kWh.
Adjusted for the NOK 110m Forte-related gain in Q3 2025, proportionate EBITDA increased almost five-fold YoY, mainly on stronger underlying power earnings.
Outlook and guidance
~30% of production is targeted for hedging; ~7% of normalized 2027 production was hedged at quarter-end.
2027 Nordic system forward price was ~€75/MWh as of November 2, 2026; price-sensitivity scenarios show EBITDA of ~€48m, ~€80m and ~€135m at €40, €60 and €90/MWh, respectively, and are not guidance.
Priorities include integration, operating efficiency, purchasing and balancing-cost benefits, and selective investment in minority acquisitions, BESS, repowering and development.
Selbu and Skien powered-land projects represent >360 MW of potential gross capacity; Selbu has detailed zoning and a grid-connection application, while Skien remains in the grid queue and zoning process.
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Latest events from Cloudberry Clean Energy
- Revenue and EBITDA surged, with major wind platform acquisition and expanded battery storage.CLOUD
Q2 2026 - Transformative deal doubles Nordic renewable output and cements market leadership.CLOUDM&A announcement
- Q1 2026 saw record power prices, surging EBITDA, and strategic expansion into Finland.CLOUDQ1 2026
- Q4 revenue and EBITDA rose on higher prices, cost savings, and a strong balance sheet.CLOUDQ4 2025
- Power output up 39% YoY, with hydro platform expansion and strong financial management.CLOUDQ2 2025
- Higher revenue, strong liquidity, and project growth despite Odal Wind and regulatory challenges.CLOUDQ3 2024
- Power production up 22% in Q2, with strong liquidity and strategic asset swaps supporting growth.CLOUDQ2 2024
- Revenue and EBITDA rose on higher prices, acquisitions, and production, supporting future growth.CLOUDQ1 2025
- Record EBITDA and major Nordic expansion drive strong outlook and continued value creation.CLOUDQ4 2024
Next Cloudberry Clean Energy earnings date
Q4 202610 Feb, 2027
Cloudberry Clean Energy
Next Cloudberry Clean Energy earnings date
Q4 202610 Feb, 2027
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Frequently asked questions
Cloudberry Clean Energy intends to generate and produce electricity from renewable energy sources such as bio fuels, wind turbines, hydroelectric power plants. It also engages in the launch of global projects for the production of electricity from urban solid waste; and provides consultation services. Cloudberry Clean Energy AS was founded in 2017 and is based in Oslo, Norway.