📊 ALCE Key Takeaways
Is Alternus Clean Energy, Inc. (ALCE) a Good Investment?
Alternus Clean Energy exhibits severe financial distress with collapsing revenues (-96.9% YoY), negative stockholders' equity of -$21.1M indicating technical insolvency, and critically low liquidity (0.04x current ratio). The company's reported profitability metrics are artifacts of minimal revenue rather than operational health, and negative free cash flow combined with $28.7M long-term debt and only $10K cash represents an unsustainable financial position.
Alternus Clean Energy's fundamentals appear severely impaired: revenue collapsed 96.9% year over year, liquidity is extremely weak, and the balance sheet shows deeply negative equity with high debt relative to its asset base. Reported operating and net profitability look distorted relative to the tiny revenue base, suggesting earnings quality is weak and likely driven by non-core or nonrecurring items rather than sustainable operations. While operating cash flow was modestly positive, the company’s financial health and growth quality remain poor.
Why Buy Alternus Clean Energy, Inc. Stock? ALCE Key Strengths
- Positive operating cash flow of $1.4M indicates some underlying business activity
- Clean energy sector alignment with long-term market trends
- Operating income remains positive at $10.2M despite revenue collapse
- Operating cash flow was positive at $1.42M
- Free cash flow was near breakeven rather than deeply negative
- Reported net income remained positive in the latest period
ALCE Stock Risks: Alternus Clean Energy, Inc. Investment Risks
- Negative stockholders' equity of -$21.1M indicates technical insolvency and impaired balance sheet
- Revenue collapsed 96.9% year-over-year, indicating severe business deterioration
- Critical liquidity crisis with current ratio of 0.04x and only $10K cash against $25.9M liabilities
- Long-term debt of $28.7M with minimal cash generation capacity creates refinancing risk
- Negative free cash flow (-$62.3K) indicates company cannot fund operations from operations
- Interest coverage ratio of 1.2x shows minimal debt service cushion
- Revenue declined 96.9% year over year, indicating major operating deterioration
- Balance sheet is highly stressed with $-21.14M equity, $25.94M liabilities, and just $10K of cash
- Current and quick ratios of 0.04x point to acute near-term liquidity risk
Key Metrics to Watch
- Quarterly revenue trends and path to stabilization
- Stockholders' equity recovery and balance sheet restructuring
- Cash position and burn rate relative to operating expenses
- Debt refinancing ability and covenant compliance
- Revenue stabilization and recurring operating revenue growth
- Liquidity improvement through cash balance, current ratio, and debt restructuring progress
Alternus Clean Energy, Inc. (ALCE) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
ALCE Profit Margin, ROE & Profitability Analysis
ALCE vs Utilities Sector: How Alternus Clean Energy, Inc. Compares
How Alternus Clean Energy, Inc. compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Alternus Clean Energy, Inc. Stock Overvalued? ALCE Valuation Analysis 2026
Based on fundamental analysis, Alternus Clean Energy, Inc. has mixed fundamental signals relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Alternus Clean Energy, Inc. Balance Sheet: ALCE Debt, Cash & Liquidity
ALCE Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Alternus Clean Energy, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-24.02 indicates the company is currently unprofitable.
ALCE Revenue Growth, EPS Growth & YoY Performance
ALCE Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2025 | $94.0K | $5.1M | $7.12 |
| Q1 2025 | $93.0K | -$180.0K | $-0.02 |
| Q3 2024 | $93.0K | -$5.1M | $-0.82 |
| Q2 2024 | $3.8M | -$1.7M | $-0.05 |
| Q1 2024 | $2.2M | -$5.3M | $-0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Alternus Clean Energy, Inc. Dividends, Buybacks & Capital Allocation
ALCE SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Alternus Clean Energy, Inc. (CIK: 0001883984)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ALCE
What is the AI rating for ALCE?
Alternus Clean Energy, Inc. (ALCE) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ALCE's key strengths?
Claude: Positive operating cash flow of $1.4M indicates some underlying business activity. Clean energy sector alignment with long-term market trends. ChatGPT: Operating cash flow was positive at $1.42M. Free cash flow was near breakeven rather than deeply negative.
What are the risks of investing in ALCE?
Claude: Negative stockholders' equity of -$21.1M indicates technical insolvency and impaired balance sheet. Revenue collapsed 96.9% year-over-year, indicating severe business deterioration. ChatGPT: Revenue declined 96.9% year over year, indicating major operating deterioration. Balance sheet is highly stressed with $-21.14M equity, $25.94M liabilities, and just $10K of cash.
What is ALCE's revenue and growth?
Alternus Clean Energy, Inc. reported revenue of $311.0K.
Does ALCE pay dividends?
Alternus Clean Energy, Inc. does not currently pay dividends.
Where can I find ALCE SEC filings?
Official SEC filings for Alternus Clean Energy, Inc. (CIK: 0001883984) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ALCE's EPS?
Alternus Clean Energy, Inc. has a diluted EPS of $19.10.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is ALCE a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Alternus Clean Energy, Inc. has a STRONG SELL rating with 94% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is ALCE stock overvalued or undervalued?
Valuation metrics for ALCE: ROE of N/A (sector avg: 10%), net margin of 1,625.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy ALCE stock in 2026?
Our dual AI analysis gives Alternus Clean Energy, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is ALCE's free cash flow?
Alternus Clean Energy, Inc.'s operating cash flow is $1.4M, with capital expenditures of $1.5M. FCF margin is -20.0%.
How does ALCE compare to other Utilities stocks?
Vs Utilities sector averages: Net margin 1,625.1% (avg: 12%), ROE N/A (avg: 10%), current ratio 0.04 (avg: 0.8).