Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €25.35, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 17x in the Renewable Energy industry in Italy. Total loss to shareholders of 4.4% over the past three years. Upcoming Dividend • Apr 27
Upcoming dividend of €0.61 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Italian dividend payers (4.6%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.95, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 18x in the Renewable Energy industry in Italy. Total loss to shareholders of 17% over the past three years. New Risk • Mar 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 15% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 23
Full year 2025 earnings released: EPS: €1.74 (vs €1.79 in FY 2024) Full year 2025 results: EPS: €1.74 (down from €1.79 in FY 2024). Revenue: €246.9m (up 2.8% from FY 2024). Net income: €93.3m (down 2.6% from FY 2024). Profit margin: 38% (down from 40% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 19
Dividend of €0.61 announced Dividend of €0.61 is the same as last year. Ex-date: 4th May 2026 Payment date: 6th May 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Mar 18
Alerion Clean Power S.p.A. announces Annual dividend, payable on May 06, 2026 Alerion Clean Power S.p.A. announced Annual dividend of EUR 0.6100 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows. Reported Earnings • Aug 05
First half 2025 earnings released: EPS: €0.098 (vs €0.33 in 1H 2024) First half 2025 results: EPS: €0.098 (down from €0.33 in 1H 2024). Revenue: €77.6m (down 15% from 1H 2024). Net income: €5.25m (down 70% from 1H 2024). Profit margin: 6.8% (down from 19% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €20.60, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 20x in the Renewable Energy industry in Italy. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €17.60, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Renewable Energy industry in Europe. Total loss to shareholders of 42% over the past three years. Upcoming Dividend • Apr 28
Upcoming dividend of €0.61 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (4.7%). Reported Earnings • Apr 24
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €1.79 (up from €1.24 in FY 2023). Revenue: €240.2m (up 23% from FY 2023). Net income: €95.8m (up 43% from FY 2023). Profit margin: 40% (up from 34% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annonce • Mar 17
Alerion Clean Power S.p.A., Annual General Meeting, Apr 15, 2025 Alerion Clean Power S.p.A., Annual General Meeting, Apr 15, 2025, at 10:00 W. Europe Standard Time. Declared Dividend • Mar 16
Dividend of €0.61 announced Dividend of €0.61 is the same as last year. Ex-date: 5th May 2025 Payment date: 7th May 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 5.9% to bring the payout ratio under control. However, EPS is expected to decline by 43% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €1.79 (up from €1.24 in FY 2023). Revenue: €243.6m (up 25% from FY 2023). Net income: €95.8m (up 43% from FY 2023). Profit margin: 39% (up from 34% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Annonce • Mar 14
Alerion Clean Power S.p.A. announces Annual dividend, payable on May 07, 2025 Alerion Clean Power S.p.A. announced Annual dividend of EUR 0.6100 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €14.08, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Renewable Energy industry in Europe. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €12.44, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Renewable Energy industry in Europe. Total loss to shareholders of 56% over the past three years. New Risk • Feb 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (20% net profit margin). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €17.26, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 25x in the Renewable Energy industry in Italy. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €0.33 (vs €0.93 in 1H 2023) First half 2024 results: EPS: €0.33 (down from €0.93 in 1H 2023). Revenue: €91.4m (down 18% from 1H 2023). Net income: €17.6m (down 65% from 1H 2023). Profit margin: 19% (down from 45% in 1H 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 33% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (20% net profit margin). Upcoming Dividend • Apr 29
Upcoming dividend of €0.61 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Trailing yield: 3.5%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (3.5%). New Risk • Mar 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Mar 17
Dividend of €0.61 announced Shareholders will receive a dividend of €0.61. Ex-date: 6th May 2024 Payment date: 8th May 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 13
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €1.24 (down from €1.32 in FY 2022). Revenue: €201.7m (down 26% from FY 2022). Net income: €66.8m (down 5.9% from FY 2022). Profit margin: 33% (up from 26% in FY 2022). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (153% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (153% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.9% average weekly change). Reported Earnings • Aug 02
First half 2023 earnings released: EPS: €0.93 (vs €0.80 in 1H 2022) First half 2023 results: EPS: €0.93 (up from €0.80 in 1H 2022). Revenue: €106.4m (down 24% from 1H 2022). Net income: €50.1m (up 16% from 1H 2022). Profit margin: 47% (up from 31% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 01
Upcoming dividend of €0.65 per share at 2.2% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (5.1%). In line with average of industry peers (2.4%). Price Target Changed • Nov 16
Price target increased to €16.50 Up from €2.30, the current price target is provided by 1 analyst. New target price is 56% below last closing price of €37.50. Stock is up 53% over the past year. The company is forecast to post earnings per share of €0.63 for next year compared to €0.90 last year. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 10 non-independent directors. Vice Chairman of the Board & CEO Stefano Francavilla was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 18% share price gain to €43.55, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 23x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,581% over the past three years. Buying Opportunity • Jun 10
Now 25% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €42.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 60%. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 19% share price gain to €31.30, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,131% over the past three years. Upcoming Dividend • May 16
Upcoming dividend of €0.44 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (10%). Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €0.90 (up from €0.60 in FY 2020). Revenue: €153.7m (up 45% from FY 2020). Net income: €48.7m (up 57% from FY 2020). Profit margin: 32% (up from 29% in FY 2020). Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Over the next year, revenue is forecast to grow 12% compared to a 15% decline forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 119% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target increased to €16.50 Up from €2.30, the current price target is provided by 1 analyst. New target price is 44% below last closing price of €29.25. Stock is up 109% over the past year. The company is forecast to post earnings per share of €0.63 for next year compared to €0.90 last year. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 10 non-independent directors. Vice Chairman of the Board & CEO Stefano Francavilla was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 16% share price gain to €29.65, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 31x in the Renewable Energy industry in Italy. Total returns to shareholders of 983% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to €28.30, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 33x in the Renewable Energy industry in Italy. Total returns to shareholders of 938% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 17% share price gain to €18.66, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 29x in the Renewable Energy industry in Italy. Total returns to shareholders of 616% over the past three years. Reported Earnings • Aug 06
First half 2021 earnings released: EPS €0.36 (vs €0.10 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €67.1m (up 22% from 1H 2020). Net income: €19.6m (up 298% from 1H 2020). Profit margin: 29% (up from 8.9% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of €0.28 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 2.1%. Lower than top quartile of Italian dividend payers (4.0%). In line with average of industry peers (2.2%). Analyst Estimate Surprise Post Earnings • Mar 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 272%. Over the next year, revenue is forecast to grow 32%, compared to a 12% growth forecast for the Renewable Energy industry in Italy. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS €0.60 (vs €0.42 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €109.3m (up 54% from FY 2019). Net income: €30.9m (up 47% from FY 2019). Profit margin: 28% (down from 30% in FY 2019). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €12.40, the stock is trading at a trailing P/E ratio of 32.3x, down from the previous P/E ratio of 38.2x. This compares to an average P/E of 42x in the Renewable Energy industry in Italy. Total returns to shareholders over the past three years are 287%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 24% share price gain to €12.85, the stock is trading at a trailing P/E ratio of 33.5x, up from the previous P/E ratio of 27x. This compares to an average P/E of 38x in the Renewable Energy industry in Italy. Total returns to shareholders over the past three years are 315%. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 16% share price gain to €10.35, the stock is trading at a trailing P/E ratio of 27x, up from the previous P/E ratio of 23.3x. This compares to an average P/E of 33x in the Renewable Energy industry in Italy. Total returns to shareholders over the past three years are 262%. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 16% share price gain to €9.50, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 31x in the Renewable Energy industry in Italy. Total returns to shareholders over the past three years are 232%. Is New 90 Day High Low • Dec 16
New 90-day high: €8.94 The company is up 40% from its price of €6.40 on 16 September 2020. The Italian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: €7.46 The company is up 10.0% from its price of €6.78 on 19 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 15% share price gain to €7.20, the stock is trading at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 24x in the Renewable Energy industry in Italy. Total returns to shareholders over the past three years are 150%.