Atlas Energy orders 240 MW of power generation equipment

AUSTIN - Atlas Energy Solutions Inc. (NYSE:AESI), a $1.53 billion market cap energy services company trading at a high P/E ratio of 97.8, announced Monday it has ordered 240 megawatts (MW) of power generation equipment from an unnamed "blue-chip" provider to expand its power business operations, according to a company press release.

The equipment package features units with 4 MW nameplate capacity per engine and is scheduled for delivery in late 2026. This acquisition represents Atlas’s first order specifically designed for long-term, behind-the-meter applications. According to InvestingPro data, AESI shares have seen a significant 15.38% return over the last week, suggesting positive investor reaction to the company’s expansion efforts.

John Turner, President and CEO of Atlas Energy, cited accelerating customer demand for long-term power solutions as the driving factor behind the purchase.

"With this package, we expect to meet our target of 400 MW of power generation capacity deployed by early 2027, the majority of which we expect to be under long-term contracts," Turner stated in the release.

The company indicated this order might be the first of multiple equipment purchases as it positions itself in the power solutions market. Atlas aims to diversify its customer base "scanning the breadth of the economy" through this expansion.

Atlas Energy Solutions primarily serves the energy industry with offerings that include oilfield logistics, distributed power systems, and proppant supply for the Permian Basin.

The financial terms of the equipment order were not disclosed in the announcement.

In other recent news, Kodiak AI has completed its business combination with Ares Acquisition Corporation II and will begin trading on the Nasdaq under the ticker symbols "KDK" and "KDKRW" for public warrants. Chardan Capital Markets initiated coverage on Kodiak AI with a Buy rating and a $22.00 price target, highlighting the company’s autonomous driving technology for trucks. Meanwhile, Atlas Energy Solutions announced the departure of Chris Scholla from his role as Executive Vice President and President, Sand and Logistics. This departure qualifies as a "Qualifying Termination" under the company’s severance plan, entitling him to post-employment benefits. RBC Capital downgraded Atlas Energy Solutions from Outperform to Sector Perform, citing concerns about the Permian sand market’s supply-demand balance. Stifel also lowered its price target for Atlas Energy Solutions to $14.00, maintaining a Buy rating despite weaker-than-anticipated second-quarter 2025 results. These recent developments provide investors with key insights into the ongoing changes within these companies.

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