Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Alternus Clean Energy ( (ALCE) ) has issued an update.
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.
More about Alternus Clean Energy
Alternus Clean Energy, Inc. is a transatlantic clean energy independent power producer headquartered in the United States. It develops, installs, owns, and operates utility-scale solar parks in North America and Europe, aiming to reach 3GW of operating projects within five years. Alternus focuses on delivering 24/7 clean energy and advancing renewable power for a sustainable future.
YTD Price Performance: -96.93%
Average Trading Volume: 430,396
Technical Sentiment Consensus Rating: Buy
See more data about ALCE stock on TipRanks’ Stock Analysis page.
