What happens to stocks if AI loses momentum?
Brian Anthony Leveille, a member of the 10% owner group at Atlas (NYSE:ATCO) Energy Solutions Inc. (NYSE:AESI), recently sold a portion of his holdings in the company. According to a recent SEC filing, Leveille sold 7,500 shares of common stock on January 16, 2025, at a price of $24 per share. The total value of the transaction amounted to $180,000. Following this sale, Leveille retains ownership of 397,010 shares in the $2.71B market cap company.The insider sale comes as AESI trades near its 52-week high of $24.93, having delivered impressive returns of ~13% in the past week and ~55% over the last year. InvestingPro analysis suggests the stock is currently slightly undervalued, with 8 additional ProTips available to subscribers covering growth, profitability, and momentum factors.
In other recent news, Atlas Energy Solutions has been the subject of multiple analyst downgrades. BofA Securities, Goldman Sachs, Citi, and Barclays (LON:BARC) have all shifted their stance on Atlas Energy, downgrading the company's stock rating to Neutral. Despite the 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 its confidence in its financial health. BofA Securities also revised its projections for Atlas Energy's adjusted EBITDA, expecting it to reach $360 million in 2025 and $425 million in 2026. Goldman Sachs, on the other hand, highlighted Atlas Energy's 4.4% dividend yield as an appealing aspect for investors seeking income. These are among 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.