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Altenergy Acquisition Corp   (AEAE)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.2500 $0.10 0.897%
Day's High: $11.25 Week Perf: 0.93 %
Day's Low: $ 11.14 30 Day Perf: 2.18 %
Volume (M): 0 52 Wk High: $ 11.86
Volume (M$): $ 2 52 Wk Avg: $10.63
Open: $11.14 52 Wk Low: $10.16



 Market Capitalization (Millions $) 80
 Shares Outstanding (Millions) 7
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 5
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Altenergy Acquisition Corp
Altenergy Acquisition Corp is a special purpose acquisition company (SPAC) that focuses on identifying and acquiring energy companies within the alternative energy sector. The company's primary goal is to facilitate the merger or acquisition of a target company in order to drive growth and value creation in the alternative energy industry. Altenergy Acquisition Corp aims to leverage its expertise and industry connections to find attractive investment opportunities that align with the global shift towards renewable energy sources.


   Company Address: 600 Lexington Avenue New York 10022 NY
   Company Phone Number: 299-1400   Stock Exchange / Ticker: NASDAQ AEAE
   AEAE is expected to report next financial results on April 10, 2024.


   

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Altenergy Acquisition Corp

AEAE's Financial Results Show Promising Progress in Q3 2023 Earnings Season



As the earnings season for the July to September 30, 2023 period gets underway, some significant players within the Blank Checks industry have revealed their financial results. Among them is AEAE, which recently disclosed an operating deficit of $-0.306052 million for the said period. While this may seem like a concerning figure by itself, a closer examination provides optimism when compared to the previous year's results. AEAE managed to improve its operating deficit, which stood at $-0.323407 million during the same period in 2022. This revelation has sparked reassurance among market observers regarding the trajectory of AEAE's financial health.
AEAE's Positive Progress:
Despite the fact that AEAE's current income is relatively insignificant for its stage of business, the decrease in operating deficit compared to the previous year is a significant step forward. This improvement points to the company's ability to manage its expenses more efficiently and suggests a potential road to profitability in the future. Although it is crucial to monitor AEAE's income growth, it is equally important to recognize its efforts in curtailing losses and demonstrating progress.

Altenergy Acquisition Corp

Altenergy Acquisition Corp Shocks Market with $0.539M Operating Shortfall in Q2 2023, But Bounces Back with Impressive Net Profit Growth

Altenergy Acquisition Corp, a prominent player in the Blank Checks industry, recently reported its operating results for the second quarter of 2023. The company declared an operating shortfall of $-0.539046 million during this period. While the corporation has not disclosed its revenue yet, it is possible to gain some perspective by comparing it to the previous year's second-quarter results.
In the second quarter of 2022, Altenergy Acquisition Corp recorded an operating shortfall of $-0.387025 million. Despite the increase in operating shortfall, the company showcased its commitment to developing a successful business strategy. This was evident as the management not only reported a net profit of $1.342 million for the fiscal period ending June 30, 2023, but also outperformed the previous year's second-quarter performance.

Altenergy Acquisition Corp

Altenergy Acquisition Corp Records Shocking $0.49 Million Deficit in Q1 2023; Blank Checks Sector in Turmoil

The financial results of Altenergy Acquisition Corp for the first quarter ending on March 31, 2023, reveal that the company has reported an operating deficit of $-0.492689 million. This represents a decline of -26.02 basis points from the same quarter in the previous year, where the operating deficit was $-0.390725 million. However, the company did record a bottom-line figure of $1.808 million, which indicates a positive net income.
It is essential to contextualize the current financial situation of the organization by considering its previous performance. While the company's operating deficit has increased from the previous year, its net income has also risen. However, the drop in operating results from Q1 2022 to Q1 2023, by -78.12 basis points, will be a cause for concern among investors.
The Blank Checks sector has seen similar fluctuations in recent times, as the industry is still emerging, and companies are still trying to find their footing. Therefore, Altenergy Acquisition Corp's performance is not unusual in this respect. However, the company must demonstrate greater stability in its operations to show investors that it can overcome the current challenges faced by the industry.






 




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