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

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

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.