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Stock impact report

Alternus Clean Energy, Inc. Reports FY 2023 Financial Results

Alternus Clean Energy, Inc. - Class A (ALCE) 
Company Research Source: GlobeNewswire
•  Revenue up by 17.5% YoY•  Gross profit up by 25% YoY FORT MILL, S.C., April 15, 2024 (GLOBE NEWSWIRE) -- Utility-scale transatlantic clean energy independent power producer Alternus Clean Energy, Inc. (NASDAQ: ALCE) (“Alternus” or the “Company”) today announced its audited financial results for the full year 2023 under US GAAP format. The 2023 financial report is included in a Form 10-K filed with the Securities and Exchange Commission. The 2023 financial report is available to view on the Alternus’ website at https://ir.alternusenergy.com/financials-filings/sec-filings. Company Highlights: Increase in revenue from by 17.5% YoY;Increase in revenue offtake by 3.8% YoY;Debt reduced by $77 million subsequent to balance sheet;Total of 165 GWH of clean energy produced in 2023, further offsetting global CO2 emissions;Completed business combination agreement with Clean Earth Acquisitions Corp., (“Clean Earth”) priorly listed as “CLIN”, “CLINW”, and “CLINU” over NASDAQ;Listed on NASDA Show less Read more
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