32V would be very bad, getting 0V doesnt sound right after the initial reading. leads either way around in AC mode will give same value. Depending on meter of course, maybe it can only de couple one way according to the offset.
Check again as 32V is definate not good, but would be unlikely if alt output is 25V.
Unless its a 4 wire star alt, and u measured from 1 phase to neutral. and your phase to phases is like 42V
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