ALCE
Alternus Clean EnergyALCE
ALCE
About: Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids. It has approximately 8 operating parks, a total of 44 MWp in operation.
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
0.46% less ownership
Funds ownership: 3.99% [Q2] → 3.53% (-0.46%) [Q3]
28% less funds holding
Funds holding: 18 [Q2] → 13 (-5) [Q3]
57% less capital invested
Capital invested by funds: $1.2M [Q2] → $517K (-$680K) [Q3]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 5
Research analyst outlook
We haven’t received any recent analyst ratings for ALCE.
Financial journalist opinion
Positive
Proactive Investors
2 weeks ago
Alternus Clean Energy completes acquisition of LiiON, bolstering energy storage capabilities
Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has completed its acquisition of LiiON, LLC, a US-based leader in advanced energy storage solutions, in a move CEO Vincent Browne says will significantly enhance the company's position as a comprehensive energy provider. "Completing this acquisition is a significant step forward for Alternus as we execute our strategy to become a comprehensive energy provider, encompassing utility-scale solar, clean energy microgrids, and other clean technologies,” Browne said in a statement.
Neutral
Newsfile Corp
2 weeks ago
Alternus Clean Energy Completes Acquisition of LiiON, a Leading US-Based Provider of Advanced Energy Storage Solutions
LiiON brings major clients like Amazon, Walmart, and NASA Completed acquisition is a significant step in Alternus' transition to become a more comprehensive clean energy provider New York, New York--(Newsfile Corp. - December 12, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a global provider of international renewable energy solutions, announces today it has completed the acquisition of LiiON, LLC ("LiiON") through an asset purchase agreement, entered into with one of Alternus' US subsidiaries. LiiON is a U.S.-based leader in advanced energy storage solutions.
Positive
Proactive Investors
1 month ago
Alternus Clean Energy to acquire energy storage solutions provider LiiON
Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced it has signed binding terms to acquire LiiON, a leading US-based provider of advanced energy storage solutions, marking a significant step in expanding its renewable energy capabilities. The company said the acquisition will bolster its ability to offer comprehensive energy solutions, particularly in the microgrid market, and enhance its Battery Energy Storage (BESS) division.
Neutral
Newsfile Corp
1 month ago
Alternus Clean Energy Announces Binding Terms for Acquisition of Leading Storage and Solution Provider LiiON, LLC
Acquisition will bring proven pedigree and expertise in battery storage and support push into Microgrids New York, New York--(Newsfile Corp. - November 25, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a growing international renewable energy provider, today announces the signing of binding terms with LiiON, LLC, ("LiiON") a U.S.-based expert in advanced energy storage solutions. LiiON was founded in 2009 by a group of senior power quality experts with extensive backgrounds in engineering, marketing and sales of storage technology and services with large battery companies in the industry.
Positive
Proactive Investors
1 month ago
Alternus Clean Energy is charting a global path to a 24/7 renewable future
Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has undergone a transformation over the past few years, pivoting from a small Oslo-listed firm to an aspiring global force in the renewable energy sector. Under the guidance of CEO Vincent Browne, the company is maneuvering through a complex landscape, shaped by capital demands, shifting markets, and an ambitious growth vision.
Positive
Proactive Investors
1 month ago
Alternus Clean Energy sheds $30M debt in asset sale, strengthens equity and eyes new growth
Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced the completion of the sale of certain of its special purpose vehicles to Alternus Energy Group Plc, the company's majority shareholder. The transaction has allowed Alternus to shed approximately $30 million in debt and payables from its balance sheet, improving shareholder equity by around $4 million.
Neutral
Newsfile Corp
1 month ago
Alternus Clean Energy Continues Deleveraging Program by Removing Additional $30 Million of Debt, Improving Shareholder Equity by Approximately $4 Million
New York, New York--(Newsfile Corp. - November 12, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Company") announces that it recently completed the sale of certain of its SPVs to Alternus Energy Group Plc. ("AEG") a majority shareholder of the Company.
Positive
Proactive Investors
2 months ago
Alternus Clean Energy completes first tax equity transaction utilizing Inflation Reduction Act
Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has completed its first tax equity transaction under the Inflation Reduction Act (IRA), the company announced on Wednesday. The deal, which was carried out by a subsidiary of Alternus, involved a tax credit transfer of approximately $1.74 million from 2023 Investment Tax Credits (ITCs).
Neutral
Newsfile Corp
2 months ago
Alternus Secures First Investment Tax Credit under the IRA to Finance Solar Projects
Net funds from tax credit transfer reduced existing debt, further deleveraging balance sheet. Fort Mill, South Carolina--(Newsfile Corp. - October 23, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has completed its first closing of a tax equity transaction, using the investment tax credit (ITC) structure introduced in the Inflation Reduction Act (IRA).
Neutral
Proactive Investors
2 months ago
Alternus Clean Energy announces reverse stock split to meet Nasdaq requirements
Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced that it will be implementing a 1-for-25 reverse stock split as part of its efforts to regain compliance with the $1 minimum bid price requirement for the Nasdaq Capital Market. It is expected the company's stock will start trading on a post-split basis at the opening of the market on October 11 under its existing ticker symbol “ALCE.
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