Alternus Clean Energy Continues Deleveraging Program by Removing Additional $30 Million of Debt, Improving Shareholder Equity by Approximately $4 Million
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Alternus Clean Energy, Inc. (NASDAQ: ALCE) has successfully reduced its debt by $30 million and improved shareholder equity by approximately $4 million through the sale of certain SPVs to its majority shareholder, Alternus Energy Group Plc.
November 12, 2024 | 3:15 pm
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Alternus Clean Energy has reduced its debt by $30 million and improved shareholder equity by $4 million through the sale of SPVs to its majority shareholder.
The reduction of $30 million in debt and an improvement in shareholder equity by $4 million is a positive financial move for Alternus Clean Energy. This deleveraging effort can lead to a stronger balance sheet and potentially increase investor confidence, likely resulting in a positive short-term impact on the stock price.
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