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Alternus Clean Energy ( (ALCE) ) has issued an announcement.
On September 30, 2025, Alternus Clean Energy entered into a joint venture with Hover Energy, selling a 49% interest in its subsidiary EverOn Energy LLC and issuing 20,000 shares of Series B Convertible Preferred Stock to Hover. This transaction, which includes a settlement agreement and the termination of a previous strategic alliance, is expected to enhance Alternus’s stockholder equity and bring in significant revenue streams from wind-powered microgrid projects in the UK and the US, valued at over $50 million. The acquisition represents a material increase in Alternus’s consolidated assets, requiring further financial disclosures.
Spark’s Take on ALCE Stock
According to Spark, TipRanks’ AI Analyst, ALCE is a Underperform.
The overall stock score reflects significant financial challenges with negative equity and high leverage. Technical indicators reinforce a bearish outlook, while valuation metrics suggest caution due to negative earnings. Recent corporate events indicate positive steps but are not factored into the weighted score.
To see Spark’s full report on ALCE stock, click here.
More about Alternus Clean Energy
Alternus Clean Energy, Inc. operates in the renewable energy industry, focusing on developing, manufacturing, and deploying distributed generation renewable energy projects, including wind-powered microgrids.
Average Trading Volume: 4,344
Technical Sentiment Signal: Sell
Current Market Cap: $483.2K
For an in-depth examination of ALCE stock, go to TipRanks’ Overview page.