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ALCE

Alternus Clean Energy Inc

Industry

Renewable Utilities

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.

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Serve Robotics Inc. (NASDAQ:SERV) shares rose 14% in pre-market trading after reporting better-than-expected second-quarter sales. Other notable pre-market movers include Digital Ally, Inc. (NASDAQ:DGLY) up 80.7% after a patent grant, and Ouster, Inc. (NYSE:OUST) down 16.9% after weak sales results and guidance.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 9:35 am

The article highlights three oversold utility stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Enel Chile SA (ENIC), CenterPoint Energy Inc (CNP), and Alternus Clean Energy Inc (ALCE).

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 1:20 pm

Alternus Clean Energy (ALCE) has entered into an agreement with a US hedge fund to acquire an 80 MWp operating portfolio, which is anticipated to generate $6.7 million in annual revenue. This strategic move is expected to significantly enhance ALCE's asset base and revenue stream, marking a pivotal development in its growth trajectory.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:59 pm

Alternus Clean Energy reported its FY23 revenue at $20.08 million, an increase from $17.09 million year-over-year. However, the net loss widened to $(0.93) million from $(0.32) million in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:56 am

Alternus Clean Energy Inc (NASDAQ:ALCE) shares surged after announcing a joint venture with Acadia Energy to co-develop 200 MW of Sustainability Hub microgrid projects in New York State. The partnership aims to leverage both companies' strengths in renewable energy, with Alternus holding a 51% majority stake. The projects are expected to start operations within two years, contributing to local economic growth and sustainability.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 4:20 pm

Cardlytics, Inc. (CDLX) shares surged by approximately 37% in pre-market trading after reporting Q4 earnings that exceeded expectations, with adjusted earnings of 14 cents per share against estimates of 12 cents. The company also forecasted Q1 revenue between $70 million and $73 million, surpassing the expected $66.46 million. Other stocks showed significant movement in pre-market trading, with notable gainers including Fisker Inc. (FSR), Madrigal Pharmaceuticals, Inc. (MDGL), and American Vanguard Corporation (AVD), among others. Conversely, companies like Kopin Corporation (KOPN), Smartsheet Inc. (SMAR), and Adobe Inc. (ADBE) experienced declines.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:13 pm

The article highlights Alternus Clean Energy Inc (ALCE) and Xcel Energy Inc. (XEL) as the top 2 oversold utilities stocks preparing for a rebound in March. ALCE's strategic alliance with Hover Energy and its significant stock price drop are noted, alongside XEL's potential liability for the Smokehouse Creek Fire and its recent stock decline.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:52 pm

Alternus Clean Energy (NASDAQ:ALCE) has formed a strategic alliance with Hover Energy to offer differentiated 24x7 zero-carbon power by integrating solar and wind-powered microgrids. This collaboration aims to reduce intermittency and minimize storage needs, providing reliable power to commercial and industrial customers. The alliance targets 50 MW of projects, with the first construction set for 3Q'24. The partnership is expected to enhance growth and competitive advantage for both companies.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:12 pm

Alternus Clean Energy (ALCE) has agreed to sell 100% of the share capital in Zonnepark Rilland B.V. to Theia for approximately €9.7 million, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

January 17, 2024 | 11:33 am

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