Alternus Clean Energy, Inc.
ALCE, ACLEWUtilities · Electric & Other Services Combined · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|
| Revenue | $10.1M | $11.2M | $14.2M | — |
| Operating income | −$16.3M | −$10.3M | −$8.2M | −$2,546 |
| Net income | $21.1M | −$69.5M | −$18.4M | −$2,546 |
| Total assets | $7.7M | $185.3M | $178.3M | $737,180 |
| Total liabilities | $41.6M | $248.5M | $180.9M | $714,726 |
| Equity | $59.0M | −$63.3M | −$2.6M | $26.3M |
| EPS (diluted) | $5.97 | $-24.02 | $-0.32 | — |
| Shares out. | 80.1M | 2.9M | 57.5M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2024- Operating margin
- −160.7%
- Net margin
- 208.3%
- Return on equity
- 35.7%
- Return on assets
- 272.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 538.5%
- Debt / equity
- 0.71×
- Book value / share
- $0.74
- Revenue growth (YoY)
- −9.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2024- Altman Z″ (distress)
- -74.03distress
- Accruals / assets
- 314.5%high accruals
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 5 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Strong return on equity (>15%)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2026
- NT 10-Qmissed a reporting deadline ↗Nov 17, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Browne VincentOfficer — See Remarks | Apr 23, 2025 | Grant | 50,000 | $0.00 |
| Parker Nicholas R.Director | Apr 21, 2025 | Grant | 3.0M | $0.00 |
| Ratner Aaron TDirector | Apr 21, 2025 | Grant | 3.0M | $0.00 |
| Browne VincentOfficer — See Remarks | Apr 21, 2025 | Grant | 15.0M | $0.00 |
| Bjornov ToneDirector | Apr 21, 2025 | Grant | 3.0M | $0.00 |
| Durant TaliesinOfficer — See Remarks | Apr 21, 2025 | Grant | 5.0M | $0.00 |
| Wikborg Rolf AndreasDirector | Apr 21, 2025 | Grant | 3.0M | $0.00 |
| Thomas John PaulDirector | Apr 21, 2025 | Grant | 15.0M | $0.00 |
| Browne VincentOfficer — See Remarks | Feb 14, 2025 | Grant | 1 | $0.00 |
| Clean Earth Acquisitions Sponsor Llc10% owner | Dec 22, 2023 | J | 7.7M | — |
| Clean Earth Acquisitions Sponsor Llc10% owner | Feb 28, 2022 | Buy | 90,000 | $10.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligation · Unregistered equity sale · Amended charter or bylawsApr 2, 2026
- Entered a material agreement · New financial obligation · Unregistered equity sale · Amended charter or bylawsMar 9, 2026
- Director / officer changeFeb 20, 2026
- Entered a material agreement · Completed an acquisition or disposition · Modified shareholder rights · Amended charter or bylaws · Other material eventOct 6, 2025
- Entered a material agreement · New financial obligation · Unregistered equity saleSep 24, 2025
- Modified shareholder rights · Amended charter or bylaws · Other material eventSep 9, 2025
- Debt acceleration / triggering eventJul 16, 2025
- Entered a material agreement · Completed an acquisition or disposition · Unregistered equity saleMay 13, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QFORM 10-QApr 27, 2026
- 8-KFORM 8-KApr 2, 2026
- NT 10-KFORM NT 10-KApr 1, 2026
- 8-KFORM 8-KMar 9, 2026
- 8-KFORM 8-KFeb 20, 2026
- DEF 14CFORM DEF 14CJan 30, 2026
- PRE 14CFORM PRE 14CJan 7, 2026
- DEF 14CDEFINITIVE INFORMATION STATEMENTDec 8, 2025
- PRE 14CPRELIMINARY INFORMATION STATEMENTNov 26, 2025
- NT 10-QNOTIFICATION OF LATE FILINGNov 17, 2025
- 10-QQUARTERLY REPORTNov 3, 2025
- 8-KCURRENT REPORTOct 6, 2025
- 8-KCURRENT REPORTSep 24, 2025
- 8-KCURRENT REPORTSep 9, 2025
- NT 10-QNOTIFICATION OF LATE FILINGAug 15, 2025