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

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

Alussa Energy Acquisition Corp. II Trading Up 0.0%

Shares of ALUB stock traded up $0.01 during mid-day trading on Friday, reaching $10.18. 2,335 shares of the company were exchanged, compared to its average volume of 81,255. Alussa Energy Acquisition Corp. II has a fifty-two week low of $9.90 and a fifty-two week high of $10.19. The company has a 50 day moving average price of $10.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Alussa Energy Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Alussa Energy Acquisition Corp. II stock. HBK Investments L P bought a new position in Alussa Energy Acquisition Corp. II (NYSE:ALUB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 666,668 shares of the company’s stock, valued at approximately $6,693,000. HBK Investments L P owned about 1.85% of Alussa Energy Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

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.