Atlas Energy price target lowered to $10 from $12 at Piper Sandler

Piper Sandler lowered the firm’s price target on Atlas Energy (AESI) to $10 from $12 and keeps a Neutral rating on the shares. The firm notes the company announced its entry into the larger MW market with 240MW of 4MW/unit recips, much different than its existing Moser assets. Despite scaling into a more attractive power arena, Atlas still faces challenges from its base OFS business and dividend suspension.