Streetbeat News

ALCE

Alternus Clean Energy Inc

https://alternusenergy.com

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

1.74

Mkt cap

5.6M

Volume

30K

High

1.74

P/E Ratio

-0.09

52-wk high

272.25

Low

1.60

Div yield

N/A

52-wk low

1.60

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

U.S. stocks rose with the Nasdaq gaining 0.5%. PepsiCo reported mixed Q3 results and cut its 2024 revenue outlook. Alternus Clean Energy, Bio-Path Holdings, and Nature’s Miracle saw significant stock increases, while ZJK Industrial, OneConnect Financial, and MMTec experienced declines.

Portfolio Pulse from Avi Kapoor

October 08, 2024 | 1:51 pm

Alternus Clean Energy, Inc. (NASDAQ:ALCE) has sold its subsidiary Solis Bond Company DAC, along with its Romanian subsidiaries, to Solis Trustee Special Vehicle Limited. This transaction removes $100 million in debt and payables from Alternus' balance sheet and improves shareholder equity by $45 million. Solis accounted for 98% of Alternus' revenues for the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:37 pm

The article highlights two oversold utility stocks, VivoPower International (VVPR) and Alternus Clean Energy (ALCE), which present potential buying opportunities. Both companies have experienced significant stock price declines and have RSI values indicating oversold conditions.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:32 pm

Alternus Clean Energy has terminated its agreement with C2 Taiyo Fund I, LLP to acquire 80MWp solar installations across 8 U.S. states due to the seller's failure to meet closing conditions and changes in the asset portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:21 pm

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

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