An announcement from Atlas Energy Solutions ( (AESI) ) is now available.
On January 30, 2025, Atlas Energy Solutions Inc. announced an upsized underwritten public offering of 11,500,000 shares of common stock, which closed on February 3, 2025, raising approximately $254.1 million in net proceeds. The company intends to use these funds to repay debt, support the acquisition of Moser Engine Service, Inc., and for general corporate purposes, potentially enhancing its operational and financial positioning.
More about Atlas Energy Solutions
Atlas Energy Solutions Inc. is a leading proppant producer and logistics provider primarily serving the Permian Basin of West Texas and New Mexico. Operating 14 production facilities, Atlas focuses on leveraging technology to improve efficiencies in proppant production and logistics, offering high-quality, locally sourced proppants essential for hydrocarbon recovery.
YTD Price Performance: -0.13%
Average Trading Volume: 1,379,471
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.53B
For a thorough assessment of AESI stock, go to TipRanks’ Stock Analysis page.