Alussa Energy Acquisition Corp. II (NYSE:ALUB) Posts Earnings Results

Alussa Energy Acquisition Corp. II (NYSE:ALUB) posted its quarterly earnings results on Friday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

Alussa Energy Acquisition Corp. II Trading Up 0.0%

NYSE:ALUB traded up $0.01 during mid-day trading on Friday, hitting $10.18. 2,493 shares of the stock were exchanged, compared to its average volume of 111,459. The stock’s 50-day moving average price is $10.14. Alussa Energy Acquisition Corp. II has a fifty-two week low of $9.90 and a fifty-two week high of $10.19.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings raised Alussa Energy Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded shares of Alussa Energy Acquisition Corp. II to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Alussa Energy Acquisition Corp. II presently has an average rating of “Sell”.

Institutional Investors Weigh In On Alussa Energy Acquisition Corp. II

A hedge fund recently bought a new stake in Alussa Energy Acquisition Corp. II stock. BlueCrest Capital Management Ltd purchased a new position in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 825,000 shares of the company’s stock, valued at approximately $8,283,000. BlueCrest Capital Management Ltd owned 2.30% of Alussa Energy Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission (SEC).

About Alussa Energy Acquisition Corp. II

Alussa Energy Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination. It did not operate as an energy producer or provide energy products and services itself. The company’s stated focus was on businesses in the energy sector, including areas related to the energy transition. Its role was to identify a target company and combine with it, rather than conduct day-to-day operations in a particular geography.