Solstice Advanced Materials (SOLS) announced that its Metropolis Works facility is projected to produce over 10 kilotonnes, or kt, of uranium hexafluoride, or UF6, in 2026, which represents about a 20% increase from its planned output in 2024. The company has invested in debottlenecking projects at Metropolis Works following its 2023 restart in response to strong customer demand for UF6, a critical component in the nuclear fuel supply chain. Metropolis Works is the only UF6 conversion facility in the US. The company’s expansion efforts are underpinned by its backlog of over $2B driven by orders from long-term customers, many of which are domestic utility companies, as well as the US’ policy goal of quadrupling American nuclear energy capacity by 2050.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOLS:
- SOLS Earnings this Week: How Will it Perform?
- Solstice Advanced Materials price target raised to $75 from $61 at UBS
- Solstice Advanced upgraded to Outperform from Sector Perform at RBC Capital
- Solstice Advanced Materials to invest +$220M in fiber manufacturing facilty
- Solstice Advanced Materials price target raised to $61 from $58 at UBS
