RBC Capital lowered the firm’s price target on Atlas Energy (AESI) to $17 from $21 and keeps an Outperform rating on the shares. The company’s Q1 financial results were in line with the Street, although the stock sold off sharply on softer Q2 and forward guidance, while weaker macro conditions have overcome margin expansion in the near-term, the analyst tells investors in a research note. RBC adds that it has lowered its EBITDA estimates substantially, reducing FY25 view to $77.5M from $107.4M and FY26 view to $76.8M from $115.3M.
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Read More on AESI:
- Atlas Energy Solutions Reports Q1 2025 Financial Results
- Atlas Energy Solutions: Navigating Mixed Earnings Call Sentiments
- Atlas Energy reports Q1 EPS 1c, consensus 18c
- Atlas Energy sees Q2 sales volumes relatively flat to up sequentially vs Q1
- Atlas Energy Solutions, Inc. (AESI) Q1 Earnings Cheat Sheet
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