Alussa Energy Acquisition Corp. II Class A Ordinary Shares (ALUB)

FairStock Score: 20/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Alussa Energy Acquisition Corp. II as a blank-check shell, not an operating business. It has no revenue, no competitive moat, and its only purpose is to combine with another company. The filed numbers are thin and mixed: in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $2.2M; in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $2.2M. But in FY2025, the year ended 2025-12-31, net loss was $7.4M. Earlier, fiscal Q3 2025, the quarter ended 2025-09-30, had a net loss of $15,605, and fiscal Q2 2025, the quarter ended 2025-06-30, had a net loss of $1,428. At the close on 2026-10-13, the price was $10.14 and market cap was $359.9M. FairStock calculations show a P/E of -16.62, trailing free cash flow of -$627,601, FCF yield of -0.2%, Piotroski F-Score of 1/9, and Altman Z-Score of 11.40. The 52-week range is $9.90 to $10.18, so the shares trade near the top of that band. FairStock Score is 20/100, and the Lynch category is none because only one year of filed results exists and three are needed. To me, the positive 2026 quarters do not create an operating record; they may reflect trust or warrant accounting. Without a target, there is no earnings base, no moat, and no margin of safety in the Graham sense. The price is not cheap or expensive relative to a real business—it is a placeholder for a future deal. I would need deal terms and target financials before judging value.

In plain English: Alussa Energy Acquisition Corp. II is a blank-check company, meaning it has no real business of its own and is looking to merge with another company. It reported no revenue, and its recent record is mixed: net income was $2.2 million in the quarters ended 2026-03-31 and 2026-06-30, but it reported a net loss of $7.4 million in the year ended 2025-12-31. At the $10.14 close on 2026-10-13, the price looks more like a placeholder tied to a future deal than a cheap or expensive operating business.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer