Alternus Clean Energy, Inc.
0.7000+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · ALCE · USD
Key Stats
Market Cap
483.20KP/E (TTM)
-Basic EPS (TTM)
-1020.00Dividend Yield
0%Recent Filings
8-K
Alternus-Hover JV closes
Alternus Clean Energy closed a joint venture on September 30, 2025, selling a 49% stake in subsidiary EverOn Energy to Hover Energy for contributions of wind-powered microgrid projects in the UK and US, while issuing 21,150 shares of Series B Convertible Preferred Stock valued at $21.15 million. This settles a prior $5.15 million obligation under a terminated strategic alliance, blending Hover's turbine tech with Alternus's financing expertise to tap over $50 million in projected revenue streams. The deal boosts stockholder equity immediately. Yet financial statements await a super 8-K filing.
8-K
Reverse split executed
Alternus Clean Energy executed a 1-for-200 reverse stock split on September 5, 2025, slashing outstanding shares from 138,056,533 to 690,282 while keeping authorized shares unchanged. This move aims to boost the per-share price and draw institutional investors, enhancing capital markets appeal amid clean energy pursuits like the Hover Energy microgrid partnership. Yet risks linger in volatile markets. Trading resumes split-adjusted under ALCE on OTCQB.
8-K
Court rules against Alternus in $1.5M case
Alternus Clean Energy hit a snag on July 10, 2025, when a Delaware court granted summary judgment to SPAC Sponsor Capital Access for $1.5 million owed under a settlement, plus $225 thousand in interest and $26 thousand in attorney's fees. The company accrued the liability but is negotiating a resolution. This cash hit strains finances amid ongoing losses and funding needs. Talks continue.
10-Q
Q1 FY2025 results
Alternus Clean Energy swung to an operating profit of $2.0M in Q1 FY2025 ended March 31, 2025, up from a $3.1M loss y/y, driven by a $3.6M gain on selling Spanish subsidiaries while revenues held at zero after prior asset disposals. SG&A expenses dropped 54% y/y to $1.5M, trimming net loss to $0.2M from $6.6M, though interest expense climbed 30% y/y to $2.2M from debt amortization. Diluted EPS improved to -$0.02 from -$2.50, reconciling to 8.4M weighted shares with no anti-dilution flagged. Cash dipped to $81K amid $552K operating outflow, but total debt halved q/q to $10.4M with $9.6M short-term; free cash flow not disclosed in the 10-Q. The LiiON battery acquisition closed in December 2024 for $1.8M (note/stock mix), adding $241K goodwill and $1.6M intangibles over 3 years for integration synergies. Delisting from Nasdaq in February 2025 heightens funding risks.
10-K
FY2024 results
Alternus Clean Energy's FY2024 results reflect a strategic pivot after divesting core European assets, slashing revenue from $30.5M to $10.1M while posting a $21.1M net profit, driven by $53.5M gains from sales of Polish, Dutch, and Romanian parks that eliminated $115M in debt. Q4 momentum faltered with no continuing operations revenue post-Lightwave deconsolidation in November, as Italian parks were offloaded earlier; margins compressed to 17% from 63% amid higher SG&A ($12.0M vs. $4.9M) tied to Nasdaq compliance and legal costs. Liquidity tightened to $0.2M cash, with $30.3M debt (mostly short-term) and ongoing covenant pressures, offset by $1.2M in convertible notes raised; no dividends or buybacks, capex focused on $4.8M in U.S./European development. No 2025 guidance disclosed. Geopolitical tensions and subsidy cuts could stall quarterly project ramps.
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