FMP
Jan 17, 2025(Last modified: Jan 20, 2025)
Atlas Energy Solutions Inc. (NYSE:AESI) is a key player in the energy sector, focusing on the production and transportation of sand, a vital component in hydraulic fracturing. Recently, Leveille Brian Anthony, a significant shareholder, sold 7,500 shares at $24 each. Despite this sale, he still holds 397,010 shares, indicating continued confidence in the company's prospects.
AESI has achieved a significant milestone with the first commercial delivery of sand using the Dune Express. This innovative conveyor system transported sand over 42 miles from the Kermit facility to a loadout facility in New Mexico. This development enhances AESI's operational capabilities, potentially leading to increased efficiency and cost savings.
The stock price of AESI is currently $24.98, reflecting a 1.421% increase with a $0.35 rise. The stock has shown volatility, with a daily range between $24.655 and $25.17, the latter being its highest price in the past year. This indicates investor interest and confidence in the company's recent advancements.
AESI's market capitalization is approximately $2.75 billion, highlighting its substantial presence in the energy sector. The trading volume of 146,581 shares suggests active investor engagement. The company's strategic developments, like the Dune Express, may continue to influence its market performance positively.
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