ADT - Why Smart Home Technology Company ADT Shares Are Rocketing Today | Benzinga
ADT Inc (NYSE:ADT) shares are surging today after the company announced the exit of its residential solar business and disclosed shareholders’ appreciation initiative.
The company stated that its Solar segment generated an Adjusted EBITDA loss of $(89) million in the nine months of FY23 due to operational and macroeconomic challenges.
Consequently, the company’s Board of Directors approved the solar business divestiture, which may include transferring business components to ...