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Atlas Energy Solutions ( (AESI) ) has shared an update.
On January 30, 2025, Atlas Energy Solutions announced its intention to conduct a public offering of 10,000,000 shares of common stock, subject to market conditions. The proceeds from the offering are planned to repay debt, fund the acquisition of Moser Engine Service, Inc., and finance general corporate purposes. The Moser acquisition, expected to close in the first quarter of 2025, is not contingent on the offering. This move is anticipated to impact Atlas’s financial positioning and support its growth strategies.
More about Atlas Energy Solutions
Atlas Energy Solutions Inc. is a leading proppant producer and logistics provider, primarily serving the Permian Basin in West Texas and New Mexico. The company operates 14 production facilities and manages a logistics platform that includes a 42-mile conveyor system and a fleet of over 120 trucks. Atlas focuses on leveraging technology and automation to drive efficiencies and is committed to innovation and sustainability in the hydrocarbon industry.
YTD Price Performance: 8.83%
Average Trading Volume: 1,250,724
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.76B
For detailed information about AESI stock, go to TipRanks’ Stock Analysis page.
