← Quality Momentum
QM · rank #1 · 2026-10-21
AL2SI
PARIS · EUR · $678M (USD)
SignalHold
verdict · CAUTION
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +234.43% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +24.1% |
| Profit margin Net profit margin, trailing 12 months. | +2.0% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $678M |
| Anchor (recent) Close on 2026-09-21 | $28.56 |
| Anchor (far) Close on 2025-09-19 | $8.54 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
AL2SI is a small-cap French AI/HPC server designer and manufacturer selling liquid- and immersion-cooled systems for sovereign AI and high-density data-center workloads.
Rationale
The screen is reinforced by strong 12-1 momentum, very high ROE, and a live growth story with FY2025/26 revenue up 88% and a visible order backlog supporting deliveries.
Material risks
- 1Customer concentration and execution risk remain high, with the top five customers at about 70% of revenue and the €610 million framework exposed to delivery, dependency, and counterparty slippage.
- 2The business still faces commoditization pressure from much larger OEMs and unresolved governance allegations, which could compress margins or impair confidence if the independent review turns adverse.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.
OpenAI
Proceed
Claude
Caution
Gemini
Caution