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AltEnergy Acquisition (NASDAQ:AEAE) Stock Price Up 2.6% - Still a Buy?

AltEnergy Acquisition logo with Financial Services background

Key Points

  • AltEnergy Acquisition Corp. (NASDAQ: AEAE) experienced a 2.6% increase in its stock price, trading at $11.91, despite a significant drop in trading volume.
  • The company is focused on executing a merger or similar business combination, as it currently does not have significant operations.
  • AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York.
  • Need Better Tools to Track AltEnergy Acquisition? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

AltEnergy Acquisition Corp. (NASDAQ:AEAE - Get Free Report)'s stock price rose 2.6% during trading on Friday . The company traded as high as $11.91 and last traded at $11.91. Approximately 100 shares traded hands during trading, a decline of 82% from the average daily volume of 567 shares. The stock had previously closed at $11.61.

AltEnergy Acquisition Price Performance

The stock has a 50-day simple moving average of $11.64 and a 200 day simple moving average of $11.48.

AltEnergy Acquisition Company Profile

(Get Free Report)

AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York.

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