Aedis Energy Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsAlternus Clean Energy, Inc. is a renewable energy company with no recent revenue and minimal cash, listed on the OTC market.
What they do
Alternus Clean Energy, Inc. is a Delaware-incorporated company in the electric and other services industry, headquartered in New York. It has been involved in clean energy operations, but reported zero revenue for 2025 and the first quarter of 2026. The company's common stock and warrants trade on the OTC market under tickers ALCE and ACLEW.
Revenue drivers
- Energy sales — Revenue from energy sales declined from $14.2M in 2022 to $11.2M in 2023, then fell to $311,000 in 2024 and $0 in 2025. Quarterly revenue has been $0 since March 2025.
Recent performance
For the year ended December 31, 2025, Alternus reported zero revenue and a net loss of $6.5M, with diluted EPS of -$35.71. As of March 31, 2026, the company had total assets of $56.9M, total liabilities of $25.8M, and shareholder equity of $11.9M. Cash and equivalents were only $363,000. Operating cash flow was negative $2.5M in 2025 and negative $2.5M in the first quarter of 2026.
Strategy
The company has not disclosed a clear strategy in the provided excerpts. It recently entered material agreements and took on direct financial obligations (8-K events in March, April, and August 2026). It also completed an acquisition or disposition in October 2025 and has amended its charter or bylaws multiple times. The company appears to be restructuring or seeking financing, but no specific operational priorities are stated.
Risks
- Zero revenue — No revenue was reported for 2025 and the first quarter of 2026, indicating a complete halt in generating sales.
- Cash shortage — Cash and equivalents of only $363,000 as of March 31, 2026, against ongoing operating losses, raises going-concern concerns.
- Negative operating cash flow — Operating cash flow was negative in 2024 ($-3.2M) and 2025 ($-2.5M), with continued outflows in early 2026.
- Small float — As of July 17, 2026, only 724,658 common shares were issued and outstanding, making the stock highly volatile and illiquid.
Outlook
Management has not provided explicit forward-looking guidance in the provided excerpts. The company has recently entered material agreements and taken on financial obligations, suggesting it is seeking capital or restructuring. The 10-Q includes standard cautionary language about forward-looking statements and risks, but no specific operational outlook is given.