Kurt Hallead, an analyst from Benchmark Co., maintained the Buy rating on Atlas Energy Solutions (AESI – Research Report). The associated price target remains the same with $28.00.
Kurt Hallead has given his Buy rating due to a combination of factors that highlight Atlas Energy Solutions’ strategic growth initiatives and financial performance. The company’s recent earnings report showed that their revenue and EBITDA for the fourth quarter of 2024 were in line with expectations, indicating stable financial health.
Furthermore, Atlas Energy Solutions is expanding its operations into the distributed power market, which is expected to be a high-growth area. The acquisition of Moser, which operates over 1,000 natural gas-powered generators, is anticipated to significantly boost the company’s EBITDA in the coming years. This strategic move not only diversifies their operations but also aligns with the growing demand for cleaner energy solutions in oil and gas field operations.
According to TipRanks, Hallead is a 3-star analyst with an average return of 1.2% and a 35.99% success rate. Hallead covers the Energy sector, focusing on stocks such as Baker Hughes Company, Seadrill Limited, and Halliburton.