Hi there,
plugins that optimize / convert images actually swap out the HTML. In this case they replace the <img> HTML that WP generates for a <picture> element.
If i check the source code of the site i can see that process has occurred.
And in the noscript copy of the image code, which generally keeps most of the original HTML intact, i can see the alt tag.
See here:
https://www.screencast.com/t/5QKDdoRFTfL
So somewhere between the optimization, webp conversion and lazyloading the ALT tag has been misplaced in the outputted picture element.