Critical Analysis: AltC Acquisition (NYSE:ALCC) versus Engie Brasil Energia (OTCMKTS:EGIEY)

Engie Brasil Energia (OTCMKTS:EGIEY) and AltC Acquisition (NYSE:ALCC) are both utilities companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, valuation, risk, earnings, analyst recommendations, dividends and institutional ownership.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Engie Brasil Energia and AltC Acquisition, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Engie Brasil Energia	1	0	0	0	1.00
AltC Acquisition	0	0	0	0	0.00

Earnings and Valuation

This table compares Engie Brasil Energia and AltC Acquisition”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Engie Brasil Energia	$2.15 billion	2.68	$686.94 million	$0.98	7.22
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A

Engie Brasil Energia has higher revenue and earnings than AltC Acquisition.

Insider & Institutional Ownership

85.0% of AltC Acquisition shares are held by institutional investors. 21.8% of AltC Acquisition shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares Engie Brasil Energia and AltC Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Engie Brasil Energia	39.47%	27.48%	6.89%
AltC Acquisition	N/A	-85.44%	2.50%

Risk & Volatility

Engie Brasil Energia has a beta of 0.3, suggesting that its share price is 70% less volatile than the S&P 500. Comparatively, AltC Acquisition has a beta of -0.06, suggesting that its share price is 106% less volatile than the S&P 500.

Summary

Engie Brasil Energia beats AltC Acquisition on 7 of the 9 factors compared between the two stocks.

About Engie Brasil Energia

Engie Brasil Energia S.A., together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants. As of December 31, 2022, it had an installed capacity of 8,453.3 megawatts. The company also transports natural gas through 4,500 km of gas pipelines. In addition, it manufactures, wholesales, retails, operates, and maintains solar panels. The company was formerly known as Tractebel Energia S.A. and changed its name to Engie Brasil Energia S.A. in July 2016. The company was founded in 2005 and is headquartered in Florianópolis, Brazil. Engie Brasil Energia S.A. operates as a subsidiary of ENGIE Brasil Participações Ltda.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp. in February 2021. AltC Acquisition Corp. was incorporated in 2021 and is based in New York, New York.