Professional
Added to YB: 2026-06-22
Pitch date: 2026-06-18
AL2SI.PA [bearish]
2CRSI S.A.
Author Info
Grizzly Research produces differentiated research insights on publicly traded companies through in-depth due diligence. Sign up for the newsletter.
Company Info
2CRSI S.A., together with its subsidiaries, develops, manufactures, and distributes end-to-end computing solutions in France and internationally.
Market Cap
EUR 573.5M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
57.91
P/E
N/A
EV/Sales
1.42
Sector
Technology Hardware, Storage and Peripherals
Category
N/A
2CRSi Caught Red-Handed: Fabricated Revenues & Projections via Undisclosed Related Parties
AL2SI.PA (short): Grizzly Research alleges 2CRSi fabricated nearly all US revenue/contracts via undisclosed related party NewYork GreenCloud, run by a veterinarian with no datacenter experience, incorporated same day as $610M contract. Counterparties lack funding; NYGC won't need servers til 2028+. Stock +7x in year on fake AI boom. Claims fraud, deliberate deception.
Read full article (30 min)