AESI Overview

Increased Stake: B & T Capital Management increased its stake in Atlas Energy Solutions by 306,363 shares, raising the position value by approximately $2.64 million, as reported in a November 12, 2025 SEC filing.

Current Holdings: The fund now holds a total of 725,913 shares of Atlas Energy Solutions, valued at $8.25 million, which constitutes 1.31% of its reportable assets under management.

Company Overview: Atlas Energy Solutions specializes in providing proppant and logistics services to the oil and gas sector, particularly in the Permian Basin, a region that produces about 45% of the total crude oil in the U.S.

Investment Risks: While Atlas Energy Solutions operates in a lucrative area, its concentrated business model poses risks, suggesting that investors should consider diversifying with companies in other regions or with broader global operations.

Company Overview: Atlas Energy Solutions Inc. (NYSE:AESI) is recognized as one of the top energy stocks, recently entering the megawatt market with a 240MW initial order and plans to deploy around 400MW by early 2027.

Financial Performance: Despite a revenue of $259.6 million exceeding expectations, the company reported a significant earnings miss with a net loss of -$0.19 per share, falling short of the projected $1.07.

Market Demand: Atlas Energy estimates a demand opportunity of 2 GW, primarily driven by data centers (50%), commercial and industrial uses (40%), and oil and gas (10%).

Investment Outlook: While Atlas Energy shows potential, analysts suggest that certain AI stocks may offer better upside potential and lower risk compared to AESI.

Helmerich & Payne Upgrade: Goldman Sachs upgraded Helmerich & Payne (HP) to Neutral from Sell with a $28 price target, citing positive expectations for rig activation due to improved Saudi activity and a stable North American backdrop.

Atlas Energy Solutions Downgrade: Atlas Energy Solutions (AESI) was downgraded to Sell from Neutral with an $8 price target, as Goldman Sachs expressed caution regarding lower sand prices and challenging logistics profitability impacting EBITDA estimates.

EBITDA Estimates for H&P: The analyst raised EBITDA estimates for Helmerich & Payne slightly, reflecting increased international activity and a focus on deleveraging.

Market Position of AESI: Despite challenges, Atlas Energy's strengths in market share gains and full utilization of the Dune Express are expected to allow for better performance compared to other sand peers.

Analyst Downgrades: Baird analyst Mark Altschwager downgraded Bath & Body Works Inc from Outperform to Neutral, reducing the price target from $33 to $19, while Goldman Sachs analyst Kate McShane also downgraded the same stock from Buy to Neutral, cutting the price target from $39 to $17.

Atlas Energy Solutions: Goldman Sachs analyst Ati Modak downgraded Atlas Energy Solutions Inc from Neutral to Sell, slashing the price target from $12 to $8, with shares closing at $8.57.

Aecom and Jacobs Solutions: Baird analyst Andrew Wittmann downgraded Aecom from Outperform to Neutral, maintaining a price target of $143, and also downgraded Jacobs Solutions Inc from Outperform to Neutral, reducing the price target from $161 to $146.

Current Stock Prices: As of Thursday, Bath & Body Works shares closed at $15.82, Atlas Energy at $8.57, Aecom at $106.14, and Jacobs Solutions at $129.17.