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 New Risk • May 18
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 British stocks, typically moving 8.3% 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 Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €26.71, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 17x in the Renewable Energy industry in Europe. Total returns to shareholders of 6.6% 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 British dividend payers (5.7%). 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 €21.55, 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 19% over the past three years. New Risk • Mar 22
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 22
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 14% 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 3.2%, 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. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €20.65, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 17x in the Renewable Energy industry in Europe. Total loss to shareholders of 44% over the past three years. Reported Earnings • Aug 06
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 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €20.00, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 16x in the Renewable Energy industry in Europe. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €17.36, 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 44% 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 British dividend payers (6.0%). Lower than average of industry peers (4.7%). Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: €1.79 (vs €1.24 in FY 2023) 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. 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. Declared Dividend • Mar 18
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 4.4%, 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. 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. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: €1.79 (vs €1.24 in FY 2023) 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. 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. 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. 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 €14.16, 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 16% After last week's 16% share price decline to €12.72, 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 51% over the past three years. 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 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 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €17.96, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 18x in the Renewable Energy industry in Europe. Total loss to shareholders of 20% over the past three years. New Risk • Aug 05
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 British stocks, typically moving 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Reported Earnings • Aug 04
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 14% from 1H 2023). Net income: €17.6m (down 65% from 1H 2023). Profit margin: 19% (down from 47% 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 6% per year. New Risk • Aug 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 95% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 British dividend payers (5.8%). In line with average of industry peers (3.5%). 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 (49% earnings payout ratio) and cash flows (38% 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 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 7.7% growth forecast for the Renewable Energy industry in Europe. 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. Board Change • Dec 27
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 • Aug 22
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. 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. 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 British dividend payers (5.8%). In line with average of industry peers (2.4%). Board Change • Apr 11
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 • 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 • 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 • Oct 05
Investor sentiment improved over the past week After last week's 15% share price gain to €35.40, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 138% over the past year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 17% share price gain to €44.00, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 23x in the Renewable Energy industry in Europe. Total returns to shareholders of 217% over the past year. Buying Opportunity • Jul 15
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €43.21, 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%. Buying Opportunity • May 26
Now 22% undervalued Over the last 90 days, the stock is up 9.5%. The fair value is estimated to be €39.33, 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 18% share price gain to €31.20, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 157% over the past year. 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: 1.6%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (3.1%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: €0.90 (vs €0.60 in FY 2020) 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). Over the next year, revenue is forecast to grow 12%, compared to a 3,273% growth forecast for the industry in the United Kingdom. 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 • Jan 05
Investor sentiment improved over the past week After last week's 15% share price gain to €33.60, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 27x in the Renewable Energy industry in Europe. Total returns to shareholders of 170% over the past year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 16% share price gain to €28.35, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 25x in the Renewable Energy industry in Europe. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 21% share price gain to €19.54, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 32x in the Renewable Energy industry in Europe. 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). 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 British dividend payers (4.1%). In line with average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 28% share price gain to €12.74, the stock is trading at a trailing P/E ratio of 39.1x, up from the previous P/E ratio of 30.5x. This compares to an average P/E of 34x in the Renewable Energy industry in Europe. Total returns to shareholders over the past three years are 312%. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 18% share price gain to €9.48, the stock is trading at a trailing P/E ratio of 24.7x, up from the previous P/E ratio of 21x. This compares to an average P/E of 31x in the Renewable Energy industry in Europe. Total returns to shareholders over the past three years are 244%.