Tritium DCFC Ltd (DCFCQ)

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Decarbonization Plus Acquisition Co. II (NASDAQ:DCRN) Coverage Initiated by Analysts at Seaport Research Partners
Posted by Denise Davis on Nov 2nd, 2021
https://mayfieldrecorder.com/2021/11/02/decarbonization-plus-acquisition-co-ii-nasdaqdcrn-coverage-initiated-by-analysts-at-seaport-research-partners.html

Seaport Research Partners assumed coverage on shares of Decarbonization Plus Acquisition Co. II (NASDAQ:DCRN) in a report released on Monday, Price Targets.com reports. The brokerage issued a buy rating and a $17.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Roth Capital initiated coverage on Decarbonization Plus Acquisition Co. II in a research note on Thursday, October 21st. They issued a buy rating and a $18.00 price objective on the stock. Finally, DA Davidson began coverage on Decarbonization Plus Acquisition Co. II in a research note on Tuesday, October 19th. They issued a buy rating and a $16.00 price objective on the stock.

Shares of DCRN stock opened at $10.01 on Monday. The firm has a 50 day moving average of $9.89. Decarbonization Plus Acquisition Co. II has a twelve month low of $9.60 and a twelve month high of $10.10.

Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC increased its position in shares of Decarbonization Plus Acquisition Co. II by 2,523.3% during the third quarter. FNY Investment Advisers LLC now owns 7,870 shares of the company’s stock valued at $77,000 after purchasing an additional 7,570 shares during the period. Polygon Management Ltd. bought a new stake in shares of Decarbonization Plus Acquisition Co. II during the second quarter valued at approximately $99,000. Berkley W R Corp bought a new stake in shares of Decarbonization Plus Acquisition Co. II during the second quarter valued at approximately $175,000. Qube Research & Technologies Ltd bought a new stake in shares of Decarbonization Plus Acquisition Co. II during the second quarter valued at approximately $178,000. Finally, Segantii Capital Management Ltd bought a new stake in shares of Decarbonization Plus Acquisition Co. II during the second quarter valued at approximately $247,000. 64.53% of the stock is currently owned by institutional investors.

About Decarbonization Plus Acquisition Co. II

Decarbonization Plus Acquisition Corporation II is a blank check company. The company was incorporated in 2020 and is based in Menlo Park, California.