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Alternus Clean EnergyNASDAQ: ALCE

Profile

Sector:

Utilities

Industry:

Renewable

Country:

Ireland

IPO:

20 April 2022

Next earnings report:

29 November 2024

Last dividends:

N/A

Next dividends:

N/A
$9.68 M
-99%vs. 3y high
4%vs. sector
-vs. 3y high
-vs. sector
-30%vs. 3y high
4%vs. sector
-99%vs. 3y high
33%vs. sector

Price

after hours | Wed, 30 Oct 2024 23:52:19 GMT
$2.78+$0.35(+14.40%)

Dividend

No data over the past 3 years
$3.85 M-$6.84 M

Analysts recommendations

Institutional Ownership

ALCE Latest News

Alternus Secures First Investment Tax Credit under the IRA to Finance Solar Projects
newsfilecorp.com23 October 2024 Sentiment: POSITIVE

Net funds from tax credit transfer reduced existing debt, further deleveraging balance sheet. Fort Mill, South Carolina--(Newsfile Corp. - October 23, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has completed its first closing of a tax equity transaction, using the investment tax credit (ITC) structure introduced in the Inflation Reduction Act (IRA).

Alternus Sheds $100 Million of Debt and Payables, Improves Shareholder Equity Position By Circa $45 Million From Disposal Of Certain Subsidiaries
newsfilecorp.com08 October 2024 Sentiment: POSITIVE

Fort Mill, South Carolina--(Newsfile Corp. - October 8, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), announces that on October 3, 2024, by mutual agreement and in furtherance of the Company's balance sheet improvement activities, Solis Bond Company DAC ("Solis"), a company formed under the laws of Ireland and an indirect wholly owned subsidiary of the Company, was sold, along with its subsidiaries in Romania, to Solis Trustee Special Vehicle Limited, the Solis Bondholders' ownership vehicle, for one Euro (€1.00) in accordance with the terms of the Solis Bonds, as amended. As a result of the sale, Alternus has removed approximately $100 million in debt and payables related to Solis activities and will improve shareholders equity by approximately $45 million.

Alternus Clean Energy announces termination of US solar parks agreement
proactiveinvestors.com20 September 2024 Sentiment: NEGATIVE

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced that it has terminated its Membership Interest Purchase and Sales Agreement with C2 Taiyo Fund to acquire approximately 80 MWp solar installations across eight US states due to the seller's failure to meet the required closing conditions and fundamental changes to the portfolio of assets planned to be acquired. "It is unfortunate that we cannot continue with this transaction as planned.

Alternus Clean Energy Announces Termination of Membership Interest Purchase and Sales Agreement (MIPSA) for Portfolio of Solar Parks
newsfilecorp.com19 September 2024 Sentiment: NEGATIVE

Fort Mill, South Carolina--(Newsfile Corp. - September 19, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus" or the "Company"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has terminated its MIPSA with C2 Taiyo Fund I, LLP to acquire approximately 80MWp solar installations across 8 U.S. states, originally announced on May 1, 2024, due to seller's failure to meet the required closing conditions and fundamental changes in the portfolio of assets planned to be acquired. Alternus CEO Vincent Browne commented, "It is unfortunate that we cannot continue with this transaction as planned.

Alternus Clean Energy and Partner Hover Energy Accelerating Pace of Installations with Contracts Completed for Additional Units Valued Between $3m- $4m
newsfilecorp.com28 August 2024 Sentiment: POSITIVE

Three more Wind-Powered Microgrid(TM) projects ordered for Hawaii Fort Mill, South Carolina--(Newsfile Corp. - August 28, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus") is pleased that just ten days after its partner Hover Energy LLC ("Hover") and Hawaii Construction & Development Consulting ("HCDC") announced their first joint renewable microgrid project in Hawaii as part of HCDC's renovation of Union Plaza in downtown Honolulu, the parties have agreed to terms for three additional projects. Installation is expected to begin in Q4 2024, contingent on permitting, with revenues following immediately thereafter.

Alternus Clean Energy to Participate in Upcoming Investor Conferences and Industry Events
GlobeNewsWire07 March 2024 Sentiment: POSITIVE

FORT MILL, S.C., March 07, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) today announced its participation in various industry events and investor conferences over the next several months.

Top 2 Utilities Stocks That Are Preparing To Pump In March - Xcel Energy (NASDAQ:XEL), Alternus Clean Energy (NASDAQ:ALCE)
Benzinga01 March 2024 Sentiment: POSITIVE

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Alternus Clean Energy to Present at The Microcap Conference
GlobeNewsWire23 January 2024 Sentiment: POSITIVE

FORT MILL, S.C., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Utility-scale transatlantic clean energy independent power producer Alternus Clean Energy (NASDAQ: ALCE) (“Alternus”) announced today that it will present at The Microcap Conference in Atlantic City on January 31 and February 1.

What type of business is Alternus Clean Energy?

Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.

What sector is Alternus Clean Energy in?

Alternus Clean Energy is in the Utilities sector

What industry is Alternus Clean Energy in?

Alternus Clean Energy is in the Renewable industry

What country is Alternus Clean Energy from?

Alternus Clean Energy is headquartered in Ireland

When did Alternus Clean Energy go public?

Alternus Clean Energy initial public offering (IPO) was on 20 April 2022

What is Alternus Clean Energy website?

https://alternusenergy.com

Is Alternus Clean Energy in the S&P 500?

No, Alternus Clean Energy is not included in the S&P 500 index

Is Alternus Clean Energy in the NASDAQ 100?

No, Alternus Clean Energy is not included in the NASDAQ 100 index

Is Alternus Clean Energy in the Dow Jones?

No, Alternus Clean Energy is not included in the Dow Jones index

When was Alternus Clean Energy the previous earnings report?

No data

When does Alternus Clean Energy earnings report?

The next expected earnings date for Alternus Clean Energy is 29 November 2024