Alternus Clean Energy Files Q3 2024 10-Q
Ticker: ALCE · Form: 10-Q · Filed: Nov 19, 2024 · CIK: 1883984
Sentiment: neutral
Topics: 10-Q, quarterly-report, energy
TL;DR
Alternus Clean Energy filed its Q3 2024 10-Q. Check financials.
AI Summary
Alternus Clean Energy, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Clean Earth Acquisitions Corp., is incorporated in Delaware and operates in the electric and other services sector. Its principal executive offices are located at 17 State Street, Suite 4000, New York, NY 10004.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Alternus Clean Energy, Inc. during the third quarter of 2024.
Risk Assessment
Risk Level: medium — As a publicly traded company filing quarterly reports, there are inherent risks associated with its financial performance and market position.
Key Players & Entities
- Alternus Clean Energy, Inc. (company) — Registrant
- Clean Earth Acquisitions Corp. (company) — Former company name
- September 30, 2024 (date) — Quarterly period end date
- 17 State Street, Suite 4000, New York, NY 10004 (location) — Principal executive offices
- 001-41306 (other) — SEC file number
FAQ
What is the reporting period for this 10-Q filing?
The quarterly period ended September 30, 2024.
What was Alternus Clean Energy, Inc. formerly known as?
The company was formerly known as Clean Earth Acquisitions Corp.
In which state is Alternus Clean Energy, Inc. incorporated?
The company is incorporated in Delaware.
What is the principal executive office address for Alternus Clean Energy, Inc.?
The principal executive offices are located at 17 State Street, Suite 4000, New York, NY 10004.
What is the SEC file number for Alternus Clean Energy, Inc.?
The SEC file number is 001-41306.
Filing Stats: 4,870 words · 19 min read · ~16 pages · Grade level 12.7 · Accepted 2024-11-19 15:53:05
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share ALCE The Nasdaq Stock Market
- $710k — n Cash and cash equivalents (of which $710k is discontinued operations) 1,000 2,9
Filing Documents
- ea0221539-10q_alternus.htm (10-Q) — 2004KB
- ea022153901ex31-1_alternus.htm (EX-31.1) — 11KB
- ea022153901ex32-1_alternus.htm (EX-32.1) — 4KB
- 0001213900-24-100134.txt ( ) — 11935KB
- aegp-20240930.xsd (EX-101.SCH) — 100KB
- aegp-20240930_cal.xml (EX-101.CAL) — 77KB
- aegp-20240930_def.xml (EX-101.DEF) — 494KB
- aegp-20240930_lab.xml (EX-101.LAB) — 816KB
- aegp-20240930_pre.xml (EX-101.PRE) — 505KB
- ea0221539-10q_alternus_htm.xml (XML) — 2085KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 1 Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 1 Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 2 Consolidated Statements of Stockholders' Equity (Deficit) for the Three and Nine Months Ended September 30, 2024 and 2023 3 Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 4
Notes to Consolidated Financial Statements
Notes to Consolidated Financial Statements 6
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 37
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 58
Controls and Procedures
Item 4. Controls and Procedures 58
- OTHER INFORMATION
PART II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 60
Risk Factors
Item 1A. Risk Factors 60
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 60
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 61
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 61
Other Information
Item 5. Other Information 61
Exhibits
Item 6. Exhibits 61
Signatures
Signatures 62 i CAUTIONARY Certain of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical facts, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2023, in "Item 1A. Risk Factors" in Part II of this Quarterly Report on Form 10-Q and in any subsequent filing we make with the SEC, as well as in any documents incorporated by reference that describe risks and factors that could cause results to differ materially from those projected in these forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained i