Stacy Hock, a director and member of the 10% owner group at Atlas (NYSE:ATCO) Energy Solutions Inc. (NYSE:AESI), has recently sold 10,000 shares of the company. The transaction, executed on January 10, 2025, was carried out under a pre-arranged trading plan. Atlas Energy, with a market capitalization of $2.39 billion, has demonstrated strong performance with revenue growth of nearly 49% over the last twelve months. The shares were sold at a weighted average price of $21.96, with prices ranging from $21.67 to $22.47. Following this sale, Stacy and Joel Hock jointly own 907,604 shares, maintaining their significant stake in the company. This move was part of a Rule 10b5-1 trading plan adopted in March 2024. According to InvestingPro analysis, the stock currently trades at a high P/E multiple of 30.2x, though its Fair Value assessment suggests potential upside. Investors can access detailed valuation metrics and 6 additional ProTips through InvestingPro's comprehensive research platform.
In other recent news, Atlas Energy Solutions has been the subject of several analyst adjustments. BofA Securities downgraded the company's stock from Buy to Neutral, citing market dynamics affecting the frac sand industry. Despite this, Atlas Energy maintains strong fundamentals, with revenue of $925.76M and year-over-year growth of 48.67%. Goldman Sachs (NYSE:GS) also initiated coverage on Atlas Energy Solutions, highlighting its 4.4% dividend yield as attractive for income-focused investors. However, the firm downgraded the stock due to concerns over financial forecasts and valuation.
Barclays (LON:BARC) and Citi similarly downgraded Atlas Energy's stock, following revisions to their EBITDA forecasts for the company. Despite these downgrades, Atlas Energy reported a 6% quarterly increase in revenue, reaching $304 million. The company also announced a dividend increase to $0.24 per share and a $200 million share repurchase program, indicating confidence in its financial health. These are the recent developments for Atlas Energy Solutions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.