Streetbeat News

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.

Open

2.14

Mkt cap

Volume

303K

High

2.24

P/E Ratio

-0.11

52-wk high

272.25

Low

1.90

Div yield

N/A

52-wk low

1.90

Trading for ALCE was halted and has now resumed as of 8:55:00 AM ET. The halt was due to pending news, and trading has now resumed following the release of this information.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:55 pm

Trading for an unspecified asset was halted at 7:50:00 p.m. ET due to pending news. The halt indicates that significant information is expected to be released, which could impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 11:50 pm

U.S. stocks rose with the Dow Jones gaining over 350 points. Financials led the gains, while utilities lagged. U.S. crude oil inventories increased significantly. Momentus Inc. surged on a NASA contract, while Banzai International and Inhibikase Therapeutics also saw gains. Sacks Parente Golf, Verb Technology, and Alternus Clean Energy faced declines.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 6:36 pm

U.S. stocks rose with the Dow Jones gaining over 350 points. Financials led the gains, while communication services lagged. Momentus Inc. surged 127% after a NASA contract announcement. Banzai International and Inhibikase Therapeutics also saw significant gains. Sacks Parente Golf and Alternus Clean Energy experienced notable declines.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 4:18 pm

U.S. stocks showed mixed performance with the Dow Jones rising over 100 points. Helen Of Troy reported better-than-expected Q2 results, while several companies like Momentus Inc. and Banzai International saw significant stock price increases due to positive announcements. Conversely, Sacks Parente Golf and others experienced declines.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 2:14 pm

Alternus Clean Energy's shares fell following the announcement of a 1-for-25 reverse stock split, a move aimed at meeting Nasdaq compliance requirements.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:53 pm

Alternus Clean Energy Inc. (NASDAQ:ALCE) announced a 1-for-25 reverse stock split to comply with Nasdaq's $1.00 minimum bid price requirement. The split will be effective on October 11, 2024, reducing outstanding shares from approximately 87 million to 3.5 million.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:34 pm

U.S. stocks rose with the Nasdaq gaining over 1%, led by a surge in information technology shares. DocuSign shares spiked 8% after being added to the S&P MidCap 400. Alternus Clean Energy and Bio-Path Holdings also saw significant gains, while ZJK Industrial, JinkoSolar, and Lufax Holding experienced declines.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 6:30 pm

U.S. stocks rose with the Nasdaq gaining 200 points. The U.S. trade deficit narrowed to $70.4 billion in August. Alternus Clean Energy, Bio-Path Holdings, and Cassava Sciences saw significant stock price increases, while ZJK Industrial, JinkoSolar, and Lufax Holding experienced declines. Crude oil prices fell over 4%.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 4:16 pm

Alternus Clean Energy's stock is rising after the company announced a $100 million reduction in debt and payables through the sale of Solis. Additionally, the company plans to enhance shareholder equity by $45 million by disposing of certain subsidiaries.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:17 pm

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