M&A
confidence high
sentiment negative
materiality 0.70
Alternus Clean Energy pro forma: EverOn JV adds $19M goodwill, widens 2025 net loss to $18.8M
Alternus Clean Energy, Inc.
- On Sept 30, 2025, ALCE sold 49% of EverOn to Hover, issued 20,000 Series B preferred shares valued at $30.5M; total consideration for 51% interest $36.5M.
- Enterprise value of JV ~$56.9M; fair value of Hover's 49% NCI $20.4M; goodwill of $19.0M recognized.
- Pro forma FY2024 net income attributable to company $18.9M vs $21.1M historical; nine-month 2025 net loss $6.3M vs $4.7M.
- Pro forma FY2025 net loss attributable to common stock $18.8M vs $17.1M historical; adjustments include MSA fees and intangible amortization.