Alternus builds, owns, and runs large solar farms worldwide, handling everything from land to electricity—like a one-stop solar landlord.
Money comes from selling solar power, but revenue was just USD 0.02B in 2023 and near zero in 2024, with negative gross margins (-17%) and heavy operating losses—no recurring profit yet.
No visible edge: solar power is a commodity, and giants like NextEra Energy and Brookfield Renewable can outbid on projects and financing, leaving Alternus with tiny scale and no pricing power.
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