Alussa Energy Acquisition Corp. II (NYSE:ALUB) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB) to a hold rating in a report issued on Saturday,Wall Street Zen reports.

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.com, the stock currently has a consensus rating of “Sell”.

Alussa Energy Acquisition Corp. II Stock Up 0.0%

NYSE ALUB traded up $0.01 during trading on Friday, reaching $10.18. 2,493 shares of the company’s stock were exchanged, compared to its average volume of 111,459. The firm’s 50 day simple moving average 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.

Alussa Energy Acquisition Corp. II (NYSE:ALUB) last released its quarterly earnings data on Friday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Alussa Energy Acquisition Corp. II stock. HBK Investments L P acquired a new position in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing.

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.