8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
DEF 14A - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
10-Q - Alternus Clean Energy, Inc. (0001883984) (Filer)
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. As a result, the Company has removed approximately $30 million in debt and payables from the consolidated financials and improved ALCE's shareholder equity by approximately $4 million.ALCE has now reduced total debt by approximately $130 million, with resultant improvement in shareholders' equity of over $50 million with recent divestments and discontinuation of non-core or no longer economic activities. The Company is moving to
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).The transaction was completed by a wholly owned subsidiary of Alternus in the form of a tax credit transfer of approximately $1.74 million of 2023 ITCs. The project portfolio consists of the Omohundro Solar Project ("Omohundro") and the White'
Fort Mill, South Carolina--(Newsfile Corp. - October 9, 2024) - Alternus Clean Energy Inc. (NASDAQ:ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), today announced that it will effect a 1-for-25 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Friday, October 11, 2024, and the Company's common stock will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on October 11, 2024, pending confirmation by the Depository Trust Company and the Nasdaq. The Company's common stock will continue to trade on the Nasdaq Capital Market und
Fort Mill, South Carolina--(Newsfile Corp. - October 8, 2024) - Alternus Clean Energy, Inc. (NASDAQ:ALCE) ("Alternus"), announces that on October 3, 2024, by mutual agreement and in furtherance of the Company's balance sheet improvement activities, Solis Bond Company DAC ("Solis"), a company formed under the laws of Ireland and an indirect wholly owned subsidiary of the Company, was sold, along with its subsidiaries in Romania, to Solis Trustee Special Vehicle Limited, the Solis Bondholders' ownership vehicle, for one Euro (€1.00) in accordance with the terms of the Solis Bonds, as amended. As a result of the sale, Alternus has removed approximately $100 million in debt and payables related
Fort Mill, South Carolina--(Newsfile Corp. - September 19, 2024) - Alternus Clean Energy, Inc. (NASDAQ:ALCE) ("Alternus" or the "Company"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has terminated its MIPSA with C2 Taiyo Fund I, LLP to acquire approximately 80MWp solar installations across 8 U.S. states, originally announced on May 1, 2024, due to seller's failure to meet the required closing conditions and fundamental changes in the portfolio of assets planned to be acquired.Alternus CEO Vincent Browne commented, "It is unfortunate that we cannot continue with this transaction as planned. However, this is just one of many identified strategic acqu
Three more Wind-Powered Microgrid(TM) projects ordered for HawaiiFort Mill, South Carolina--(Newsfile Corp. - August 28, 2024) - Alternus Clean Energy Inc. (NASDAQ:ALCE) ("Alternus") is pleased that just ten days after its partner Hover Energy LLC ("Hover") and Hawaii Construction & Development Consulting ("HCDC") announced their first joint renewable microgrid project in Hawaii as part of HCDC's renovation of Union Plaza in downtown Honolulu, the parties have agreed to terms for three additional projects. Installation is expected to begin in Q4 2024, contingent on permitting, with revenues following immediately thereafter.Totaling 1MW in installed capacity, the four projects are expected to
Debt reduced by $80 million(40%) during H1Additional market focus in microgridsFort Mill, South Carolina--(Newsfile Corp. - August 27, 2024) - International Renewable Independent Power Producer (IPP) Alternus Clean Energy Inc. (NASDAQ:ALCE) (OTC:ACLEW) (the "Company" or "Alternus") recently announced its unaudited financial results for the three and six months ended June 30, 2024 and additionally restated results for its first quarter, 2024.Highights For the Three Months Ended June 30, 2024Operating assets generated over 18GW hours of clean energy delivered to local power grids. Overall power production was up 14% when adjusted for the Italian parks included in 2023, that where sold in Dece
Microgrid Market forecast to reach over $100 Billion by 2032Fort Mill, South Carolina--(Newsfile Corp. - August 8, 2024) - Alternus Clean Energy (NASDAQ:ALCE) ("Alternus"), a transatlantic independent clean energy producer, and Hover Energy ("Hover"), a leading international microgrid solutions provider, are proud to announce the launch of a new joint venture company, specifically formed to help data centers and other commercial and industrial customers achieve net zero carbon emissions. The joint venture strategically leverages the strengths of both Alternus and Hover, including Hover Energy's valuable microgrid patented portfolio covering wind generators and energy control systems, combin
AUBURN, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- Acadia Energy Corporation (OTC:AECX) ("Acadia"), a Smart Energy Integration company, announced today that it has completed a Joint Development Agreement (JDA) with Alternus Clean Energy (NASDAQ:ALCE) ("Alternus") to co-develop 200 Megawatts (MW) of microgrids in upstate New York. The partnership brings together Alternus' deep expertise in renewable energy development with Acadia's unique business model and pipeline of projects in the region. Acadia has created an innovative energy deployment model for the creation of microgrids. This new model creates localized, beneficial partnerships, with municipal entities, for the deployment of the micro
FORT MILL, S.C., May 01, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy, Inc. (NASDAQ:ALCE) ("Alternus" or the "Company"), a leading utility-scale transatlantic, clean energy independent power producer (IPP) today announced the signing of definitive agreements with a U.S. based fund to acquire over 80 MWp of operating portfolio spanning across the U.S. The Portfolio consists of 33 projects, distributed across eight states, showcasing a geographical diversification within the U.S. The portfolio has significant long-term agreements (average remaining term of over 12 years) with 16 different counterparties. Notably, approximately 20% of these fall within the AAA and AA rating categories, s
Alternus Clean Energy Inc (NASDAQ:ALCE) shares are shooting higher after the company entered into a joint venture with Acadia Energy to co-develop 200 megawatts (MW) of Sustainability Hub microgrid projects in New York State. The partnership will leverage Alternus’ expertise in renewable energy development and operations with Acadia’s established track record and pipeline of projects in the region. The joint venture will focus on developing and operating a portfolio of microgrid projects over the next 2-3 years. The Acadia microgrids will combine renewable energy and storage and offer green, resilient power to support local economic growth and sustainability. Under the terms, A
Alternus Clean Energy (NASDAQ:ALCE) ("Alternus" or the "Company"), a leading utility-scale transatlantic, clean energy independent power producer (IPP) and Acadia Energy ("Acadia"), a pioneering microgrid and renewable energy developer, today announced a landmark joint venture to co-develop 200 megawatts (MW) of Sustainability Hub™ microgrid projects in New York State. The partnership brings together Alternus' deep expertise in renewable energy development and operations with Acadia's established track record and pipeline of projects in the region."We are thrilled to partner with Acadia Energy on this exciting initiative to develop and operate 200 MW of microgrids in New York," said Vincent
Shares of Cardlytics, Inc. (NASDAQ:CDLX) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter earnings. Cardlytics posted adjusted earnings of 14 cents per share, beating market estimates of 12 cents per share, according to data from Benzinga Pro. The company said it sees first-quarter revenue of $70 million to $73 million, versus expectations of $66.46 million. Cardlytics shares jumped 36.6% to $11.18 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers Fisker Inc. (NYSE:FSR) shares rose 31.3% to $0.2034 in pre-market trading. Fisker shares dipped around 52% on Thursday following a Wall Street Jou
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Alternus Clean Energy Inc (NASDAQ:ALCE) On Jan. 25, Alternus Clean Energy entered a strategic alliance with Dallas-based Hover Ener
Debt reduced by $80 million(40%) during H1Additional market focus in microgridsFort Mill, South Carolina--(Newsfile Corp. - August 27, 2024) - International Renewable Independent Power Producer (IPP) Alternus Clean Energy Inc. (NASDAQ:ALCE) (OTC:ACLEW) (the "Company" or "Alternus") recently announced its unaudited financial results for the three and six months ended June 30, 2024 and additionally restated results for its first quarter, 2024.Highights For the Three Months Ended June 30, 2024Operating assets generated over 18GW hours of clean energy delivered to local power grids. Overall power production was up 14% when adjusted for the Italian parks included in 2023, that where sold in Dece