Announcement • Jun 10
Alerion Clean Power S.p.A. has completed a Follow-on Equity Offering in the amount of €135.5735 million. Alerion Clean Power S.p.A. has completed a Follow-on Equity Offering in the amount of €135.5735 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,422,940
Price\Range: €25 Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €23.45, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Renewable Energy industry in Europe. Total returns to shareholders of 3.2% over the past three years. New Risk • May 24
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 German stocks, typically moving 8.8% 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 Interest payments are not well covered by earnings (1.4x net interest cover). High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €24.95, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 17x in the Renewable Energy industry in Europe. Total returns to shareholders of 7.3% 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 German dividend payers (4.6%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.55, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 18x in the Renewable Energy industry in Europe. Total loss to shareholders of 21% over the past three years. 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 6.8% growth forecast for the Renewable Energy industry in Germany. 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 15% 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. Announcement • 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. Board Change • Nov 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. No independent directors (10 non-independent directors). Director Elisabetta Salvani 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. Insufficient board refreshment. Board Change • Aug 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. No independent directors (10 non-independent directors). Director Elisabetta Salvani 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. Insufficient board refreshment. Announcement • 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. Announcement • 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. Board Change • Jul 09
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. Director Elisabetta Salvani 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. 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: 3.3%. Lower than top quartile of German dividend payers (4.8%). 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Shares are highly illiquid. 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 3.1%, 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 14
Full year 2023 earnings released: EPS: €1.24 (vs €1.32 in FY 2022) 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 is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Renewable Energy industry in Germany. 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. Board Change • Mar 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Antonia Coppola was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Antonia Coppola was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Antonia Coppola was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 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 German dividend payers (4.5%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €25.75, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Renewable Energy industry in Europe. Total returns to shareholders of 485% over the past three years. Board Change • Apr 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. 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 company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 20
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. Board Change • Jan 09
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. Board Change • Dec 05
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. Board Change • Oct 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 • Sep 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €31.50, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,180% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 16% share price gain to €37.50, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 25x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,407% over the past three years. Board Change • Jun 08
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. 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 German dividend payers (4.3%). Lower than average of industry peers (1.8%). Board Change • May 02
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 • Mar 03
Investor sentiment improved over the past week After last week's 15% share price gain to €28.70, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 980% over the past three years. Board Change • Feb 18
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 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 • Nov 29
Investor sentiment improved over the past week After last week's 15% share price gain to €27.30, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 25x in the Renewable Energy industry in Europe. Total returns to shareholders of 920% over the past three years. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 25% share price gain to €19.14, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 32x in the Renewable Energy industry in Europe. Total returns to shareholders of 658% 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 whereas the company’s share price has increased by 66% per year. 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: 2.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.9%). Analyst Estimate Surprise Post Earnings • Mar 15
Revenue beats expectations Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 32%, compared to a 26% growth forecast for the Renewable Energy industry in Germany. 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 whereas the company’s share price has increased by 62% per year. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €11.80, the stock is trading at a trailing P/E ratio of 32.3x, down from the previous P/E ratio of 38.9x. This compares to an average P/E of 32x in the Renewable Energy industry in Germany. Total returns to shareholders over the past three years are 283%. Is New 90 Day High Low • Jan 04
New 90-day high: €13.00 The company is up 112% from its price of €6.12 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 20% share price gain to €13.00, the stock is trading at a trailing P/E ratio of 27.6x, up from the previous P/E ratio of 23.1x. This compares to an average P/E of 32x in the Renewable Energy industry in Germany. Total returns to shareholders over the past three years are 331%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 17% share price gain to €10.85, the stock is trading at a trailing P/E ratio of 27x, up from the previous P/E ratio of 23.1x. This compares to an average P/E of 33x in the Renewable Energy industry in Germany. Total returns to shareholders over the past three years are 296%. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 15% share price gain to €9.30, the stock is trading at a trailing P/E ratio of 24.7x, up from the previous P/E ratio of 21.5x. This compares to an average P/E of 32x in the Renewable Energy industry in Germany. Total returns to shareholders over the past three years are 235%. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to €9.16, the stock is trading at a trailing P/E ratio of 23.3x, up from the previous P/E ratio of 20.2x. This compares to an average P/E of 29x in the Renewable Energy industry in Germany. Total returns to shareholders over the past three years are 233%. Is New 90 Day High Low • Dec 08
New 90-day high: €8.32 The company is up 36% from its price of €6.12 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 16% share price gain to €7.36, the stock is trading at a trailing P/E ratio of 18.3x, up from the previous P/E ratio of 15.8x. This compares to an average P/E of 26x in the Renewable Energy industry in Germany. Total returns to shareholders over the past three years are 162%. Is New 90 Day High Low • Nov 05
New 90-day high: €6.98 The company is up 13% from its price of €6.16 on 06 August 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 5.0% over the same period. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 20% share price gain to €6.98, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 26x in the Renewable Energy industry in Germany. Total returns to shareholders over the past three years are 148%. Is New 90 Day High Low • Sep 22
New 90-day low: €6.00 The company is down 21% from its price of €7.64 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 2.0% over the same period.