AltC Acquisition (NYSE:ALCC – Get Free Report) and Enel Generación Chile (OTCMKTS:EOCCY – Get Free Report) are both oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, risk, valuation, profitability, institutional ownership and dividends.
Insider & Institutional Ownership
85.0% of AltC Acquisition shares are owned by institutional investors. 21.8% of AltC Acquisition shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Earnings & Valuation
This table compares AltC Acquisition and Enel Generación Chile’s revenue, earnings per share and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
AltC Acquisition | N/A | N/A | $11.87 million | N/A | N/A |
Enel Generación Chile | $2.04 billion | 1.26 | $274.88 million | N/A | N/A |
Analyst Recommendations
This is a summary of current ratings for AltC Acquisition and Enel Generación Chile, as provided by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
AltC Acquisition | 0 | 0 | 0 | 0 | N/A |
Enel Generación Chile | 0 | 0 | 0 | 0 | N/A |
Profitability
This table compares AltC Acquisition and Enel Generación Chile’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
AltC Acquisition | N/A | -88.20% | 2.56% |
Enel Generación Chile | -13.90% | -37.57% | -20.67% |
Volatility & Risk
AltC Acquisition has a beta of 0.04, indicating that its share price is 96% less volatile than the S&P 500. Comparatively, Enel Generación Chile has a beta of 1.07, indicating that its share price is 7% more volatile than the S&P 500.
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.
About Enel Generación Chile
Enel Generación Chile S.A., an electric utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company generates electricity through hydro, thermal, and wind power sources. As of December 31, 2019, it had 6,114 megawatts of installed capacity with 28 generation facilities and a total of 110 generation units. The company also supplies its electricity to regulated electricity distribution companies; unregulated industrial firms primarily in the mining, pulp, and steel sectors; and the pool market. Further it provides engineering consulting services. The company was formerly known as Empresa Nacional de Electricidad S.A. and changed its name to Enel Generación Chile S.A. in November 2016. The company was founded in 1943 and is headquartered in Santiago, Chile. Enel Generación Chile S.A. is a subsidiary of Enel Chile S.A.
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