Alternus Clean Energy (ALCE) AI Stock Analysis

• Market Cap: $3.11M
• Dividend Yield: N/A
• Average Volume (3M): 64.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.78
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 21
• Sector: Financial
• Sector Strength: 73
• Industry: Renewable Utilities
• EPS (TTM): -11.60
• Shares Outstanding: 119,718,350
• 10 Day Avg. Volume: 64,771
• 30 Day Avg. Volume: 64,005
• PEG Ratio: 0.00
• Price to Book (P/B): 851.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -104.46
• Enterprise Value/Market Cap: 4.59K
• Enterprise Value/Revenue: 139.76
• Enterprise Value/Gross Profit: 899.78
• Enterprise Value/Ebitda: -110.62
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: ―

Alternus Clean Energy's overall stock score is low due to significant financial difficulties, negative technical trends, and valuation challenges. Despite these issues, recent corporate events suggest potential for strategic growth and market expansion, which provides a modest positive outlook.

Alternus Clean Energy Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Alternus Clean Energy makes money through the generation and sale of electricity from its solar power projects. The company enters into long-term power purchase agreements (PPAs) with utilities, governments, and large corporations, ensuring a steady and predictable revenue stream. Additionally, ALCE may benefit from government incentives and subsidies for renewable energy projects. The company also explores opportunities for growth through strategic acquisitions and partnerships, which can expand its portfolio and increase its market presence in the renewable energy sector.

Alternus Clean Energy Financial Statement Overview

Summary

Alternus Clean Energy is experiencing significant financial challenges. The income statement shows declining revenue and ongoing losses, the balance sheet reflects insolvency risks with negative equity, and the cash flow statement reveals difficulties in cash generation despite some operational improvements.

Income Statement

Alternus Clean Energy's income statement shows mixed results. The company has experienced a decline in revenue from 2022 to TTM, with the revenue growth rate indicating contraction. Gross profit margin is relatively stable but the negative EBIT and EBITDA margins highlight operational challenges. The net profit margin remains negative, indicating ongoing profitability issues.

Balance Sheet

The balance sheet reflects significant financial stress, with negative stockholders' equity suggesting insolvency risks. The debt-to-equity ratio is not meaningful due to negative equity, indicating high leverage. The equity ratio is negative, further underscoring the company's substantial liabilities relative to its assets.

Cash Flow

The cash flow statement shows some positive aspects, such as improved operating cash flow in TTM. However, the free cash flow remains unstable with a negative growth rate from 2022 to TTM. The operating cash flow to net income and free cash flow to net income ratios are difficult to interpret due to negative net income, indicating cash generation challenges.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021
Income Statement		Total Revenue
23.20M	20.08M	17.09M	21.39M
	Gross Profit
15.89M	15.62M	12.65M	14.23M
	EBIT
-9.97M	-5.57M	-8.20M	-2.85M
	EBITDA
-36.48M	-31.42M	-4.64M	3.90M
	Net Income Common Stockholders
-68.60M	-69.46M	-18.45M	-18.75M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
290.00K	23.78M	2.99M	18.03M
	Total Assets
92.28M	185.29M	208.53M	209.49M
	Total Debt
1.21M	198.97M	197.49M	169.67M
	Net Debt
923.00K	194.35M	194.50M	151.64M
	Total Liabilities
174.96M	248.54M	229.36M	192.90M
	Stockholders Equity
-82.69M	-63.25M	-20.33M	16.61M
Cash Flow		Free Cash Flow
8.66M	-7.60M	-41.48M	-135.41M
	Operating Cash Flow
17.87M	10.44M	-17.85M	-8.32M
	Investing Cash Flow
3.30M	-675.00K	-23.63M	-127.48M
	Financing Cash Flow
-10.39M	3.93M	26.98M	161.23M

Alternus Clean Energy Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALCE, the sentiment is Neutral. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 1.26, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.13 is Neutral, neither overbought nor oversold. The STOCH value of 81.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ALCE.

Alternus Clean Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$12.77B	9.71	7.85%	78.05%	12.07%	-7.97%
NRGV	52 Neutral	$134.01M	―	-82.96%	―	-86.10%	-49.68%
HTOO	46 Neutral	$7.03M	―	-1134.77%	―	―	―
WAVE	45 Neutral	$33.41M	―	-27.32%	―	-46.17%	-18.67%
SMR	42 Neutral	$11.04B	―	-32.34%	―	62.41%	-85.81%
ALCE	38 Underperform	$3.11M	―	84.18%	―	―	―
BNRG	32 Underperform	$6.50M	―	-335.00%	―	―	―

Alternus Clean Energy Corporate Events

Alternus Clean Energy Announces Board Resignation and Appointment

On January 28, 2025, Alternus Clean Energy, Inc. announced the resignation of John McQuillan from its Board of Directors due to personal reasons, with no disagreements related to the company’s operations or policies. Concurrently, the company appointed Rolf S. Wikborg as an independent director, who brings extensive experience in renewable energy and governance, aligning with Nasdaq’s independence requirements. Wikborg’s appointment enhances the company’s compliance with board and audit committee independence standards.

Alternus Clean Energy Secures $2.25M in Private Placement

On January 21, 2025, Alternus Clean Energy, Inc. entered into a securities purchase agreement with institutional investors, resulting in a private placement of unsecured promissory notes with a 20% original issue discount, expected to generate gross proceeds of $2.25 million. The transaction closed on January 23, 2024, with proceeds intended for working capital and corporate purposes, positioning the company to meet Nasdaq listing requirements while leveraging Maxim Group LLC as the placement agent.

Alternus Clean Energy Expands with LiiON Acquisition

Alternus Clean Energy has completed the acquisition of LiiON, a U.S.-based leader in advanced energy storage solutions, for $5 million in a mix of debt and equity. This acquisition enhances Alternus’ market reach, provides access to LiiON’s blue-chip clients such as Amazon and NASA, and integrates LiiON’s revenues into Alternus’ Battery Energy Storage Systems (BESS) division. The strategic move not only strengthens Alternus’ clean energy offerings but also positions the company for growth in the microgrid market segment, with plans to integrate LiiON’s capabilities with a pending joint venture with Hover Energy.

Alternus Clean Energy Acquires LiiON for Market Expansion

Alternus Clean Energy is set to acquire LiiON, LLC, a leader in advanced energy storage solutions, for $5 million in a deal aimed at enhancing Alternus’ renewable energy capabilities. The acquisition will strengthen Alternus’ market presence in energy-intensive industries and foster growth in the microgrid segment. With LiiON’s robust customer base and innovative battery technologies, Alternus plans to improve energy reliability and sustainability for clients, potentially increasing shareholder equity by $3 million. This strategic move supports Alternus’ vision of becoming a comprehensive energy provider.

Alternus Clean Energy Expands in Renewable Sector

Alternus Clean Energy is strategically positioning itself for growth by expanding its footprint in the renewable energy sector, focusing on solar and battery storage projects in Europe and the US. The company’s dynamic approach includes forming partnerships and joint ventures, optimizing use of the US Inflation Reduction Act, and enhancing its capabilities in microgrid and battery storage segments. Despite facing market challenges like interest rate spikes and supply chain issues, Alternus is set on a path toward sustainable growth, driven by increasing demand for clean energy and energy security.