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

Alussa Energy Acquisition Corp. II (NYSE:ALUB) announced its quarterly earnings data on Friday. The company reported $0.07 EPS for the quarter, FiscalAI reports.

Alussa Energy Acquisition Corp. II Trading Up 0.0%

ALUB traded up $0.01 during trading on Friday, hitting $10.18. 2,493 shares of the company’s stock traded hands, compared to its average volume of 111,459. The business’s 50 day moving average is $10.14. Alussa Energy Acquisition Corp. II has a 12-month low of $9.90 and a 12-month high of $10.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Alussa Energy Acquisition Corp. II stock. BlueCrest Capital Management Ltd acquired a new stake in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 825,000 shares of the company’s stock, valued at approximately $8,283,000. BlueCrest Capital Management Ltd owned about 2.30% of Alussa Energy Acquisition Corp. II at the end of the most recent reporting period.

Analyst Ratings Changes

Several brokerages have issued reports on ALUB. Weiss Ratings raised shares of 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 research note on Saturday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Alussa Energy Acquisition Corp. II has an average rating of “Sell”.

Alussa Energy Acquisition Corp. II Company Profile

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.