Last Updated: 16 Oct 2024
Executive Summary
Alternus Energy Group Plc (ALCE) is a vertically integrated independent power producer with a market capitalization of $38.35 million. Despite a strong revenue growth, the company faces profitability challenges, with negative EBITDA and EPS. The stock price currently stands at $2.53, within a 52-week range of $2.167 to $272.25.
Company Overview
Alternus Energy Group Plc develops, constructs, and operates renewable energy projects worldwide. The company's portfolio includes solar, wind, and hydroelectric projects.
Fundamental Analysis
Revenue: ALCE reported revenue of $29.84 million for the trailing twelve months (TTM), representing a 0.114% decline year-over-year.
Profitability: The company has negative profitability metrics, with an EBITDA of -$15.11 million and a profit margin of -1.925%.
Valuation: ALCE trades at a price-to-sales ratio of 1.285, which is within the industry average. However, the company's negative earnings and cash flow make its valuation difficult to justify.
Technical Analysis
Moving Averages: ALCE's 50-day moving average is $0.877, and its 200-day moving average is $7.65. The stock is currently trading below both moving averages.
Support and Resistance: The stock has strong support at $2.167 and resistance at $272.25.
Short Term Outlook
In the short term, ALCE faces continued profitability challenges. The company's negative earnings and cash flow are likely to weigh on the stock price. Technical indicators suggest that the stock may continue to trade within its current range.
Long Term Outlook
The long-term outlook for ALCE is uncertain. The company's ability to improve profitability will be crucial to its long-term success. The increasing demand for renewable energy could provide opportunities for growth, but competition is fierce.
Analyst Recommendations
Currently, there are no analyst recommendations available for ALCE.
