Analyzing Alternus Clean Energy (NASDAQ:ALCE) & Consolidated Edison (NYSE:ED)

Consolidated Edison (NYSE:ED) and Alternus Clean Energy (NASDAQ:ALCE) are both utilities companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, valuation, dividends, profitability, analyst recommendations, institutional ownership and risk.

Profitability

This table compares Consolidated Edison and Alternus Clean Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Consolidated Edison	12.27%	8.70%	2.78%
Alternus Clean Energy	-447.25%	N/A	-56.54%

Insider & Institutional Ownership

66.3% of Consolidated Edison shares are owned by institutional investors. 0.2% of Consolidated Edison shares are owned by insiders. Comparatively, 0.1% of Alternus Clean Energy shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Earnings and Valuation

This table compares Consolidated Edison and Alternus Clean Energy”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Consolidated Edison	$15.03 billion	2.06	$2.52 billion	$5.31	16.87
Alternus Clean Energy	$17.36 million	0.23	-$69.46 million	N/A	N/A

Consolidated Edison has higher revenue and earnings than Alternus Clean Energy.

Risk and Volatility

Consolidated Edison has a beta of 0.36, meaning that its share price is 64% less volatile than the S&P 500. Comparatively, Alternus Clean Energy has a beta of -0.75, meaning that its share price is 175% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings for Consolidated Edison and Alternus Clean Energy, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Consolidated Edison	2	9	2	2	2.27
Alternus Clean Energy	0	0	0	0	0.00

Consolidated Edison presently has a consensus price target of $99.96, suggesting a potential upside of 11.61%. Given Consolidated Edison’s stronger consensus rating and higher probable upside, equities analysts clearly believe Consolidated Edison is more favorable than Alternus Clean Energy.

Summary

Consolidated Edison beats Alternus Clean Energy on 13 of the 13 factors compared between the two stocks.

About Consolidated Edison

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

About Alternus Clean Energy

Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.