Praxis Precision Medicines general counsel sells $4.8m in shares
Investing.com - Piper Sandler has lowered its price target on Atlas Energy Solutions Inc (NYSE:AESI) to $10.00 from $12.00 while maintaining a Neutral rating on the stock. The current share price of $8.94 represents a steep 67% decline from its 52-week high of $26.86, with InvestingPro data showing the stock has lost nearly 16% in the past week alone.
The firm’s decision follows Atlas Energy’s announcement of its entry into the larger megawatt (MW) market with an initial order of 240MW, comprised of 4MW/unit natural gas reciprocating engines for $278 million, or $1.2 million per MW. These units differ significantly from the smaller
Atlas Energy expects to deploy more than 400MW by early 2027, including 190MW of Moser assets. The company has identified a potential opportunity of 2GW of demand, with 50% related to data centers, 40% in commercial and industrial applications, and 10% in oil and gas. Despite these growth initiatives, InvestingPro analysis indicates Atlas Energy is not currently profitable, with a negative EPS of $0.11 over the last twelve months.
The company’s base oilfield services business faces challenges, resulting in a 30% EBITDA miss for the quarter and the suspension of its quarterly dividend. This has contributed to a 20% decline in Atlas Energy’s stock over the past week, compared to a 1% gain in the Oil Services ETF (OIH). The dividend suspension aligns with InvestingPro data showing a 100% dividend growth decline.
Looking ahead, management expects the Dune Express to exceed 10 million tons in 2026, with total volumes likely in the range of approximately 22 million tons. Despite current challenges, analysts tracked by InvestingPro predict Atlas Energy will return to profitability this year with a forecasted EPS of $0.13, suggesting potential recovery. InvestingPro offers 7 additional insights and a comprehensive Pro Research Report on AESI, available with a subscription.
In other recent news, Atlas Energy Solutions reported third-quarter 2025 earnings that did not meet forecasts, posting a net loss with earnings per share of -$0.19, well below the anticipated $1.07. Despite this earnings miss, the company’s revenue exceeded expectations, coming in at $259.6 million compared to the projected $237.1 million. Atlas Energy also provided a soft outlook for the fourth quarter and announced the suspension of its dividend payments. Following these announcements, Stifel maintained its Buy rating on Atlas Energy, keeping a price target of $13.00, despite the recent share price weakness. The decision to suspend dividends and the lower-than-expected earnings have been notable developments for the company. These recent results have led to a decline in the company’s stock value. Analyst insights from Stifel suggest a continued positive outlook for the stock, even amid current challenges.
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