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Suncoke Energy ( (SXC) ) just unveiled an announcement.
SunCoke Energy, Inc. has announced a definitive Merger Agreement to acquire Flame Aggregator, LLC, which operates as Phoenix Global, a provider of critical mill services to steel producers. The merger, approved by both companies’ boards and a majority of Flame Aggregator’s unitholders, is valued at $325 million and is expected to close in the second half of 2025, pending regulatory approvals and other customary conditions. This acquisition is poised to enhance SunCoke’s position in the steel industry by integrating Phoenix Global’s services, potentially impacting stakeholders by expanding operational capabilities and market reach.
The most recent analyst rating on (SXC) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Suncoke Energy stock, see the SXC Stock Forecast page.
Spark’s Take on SXC Stock
According to Spark, TipRanks’ AI Analyst, SXC is a Outperform.
Suncoke Energy’s overall score reflects solid financial performance with strong cost management and cash flow efficiency. The valuation is attractive, offering a low P/E ratio and high dividend yield. However, technical analysis shows a neutral to slightly bearish sentiment. The earnings call highlighted challenges in revenue growth and market conditions, but strong liquidity and reaffirmed guidance provide stability. Corporate events indicate positive shareholder sentiment, supporting strategic direction.
To see Spark’s full report on SXC stock, click here.
More about Suncoke Energy
SunCoke Energy, Inc. operates in the energy sector, focusing on producing coke, a crucial component in steel manufacturing. The company is involved in providing essential mill services to major steel producers, highlighting its significant role in the steel production supply chain.
Average Trading Volume: 851,480
Technical Sentiment Signal: Hold
Current Market Cap: $725.5M
Find detailed analytics on SXC stock on TipRanks’ Stock Analysis page.
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