Atlas (ATCOL) Stock News

Barclays upgraded Atlas Energy Solutions (AESI) to Equal Weight from Underweight. Price target is $14.

Atlas Energy Solutions (AESI) shares surged as much as 21% after the company announced cost-reimbursement agreements with a 'leading frontier AI lab' for data-center power generation. The AI lab will reimburse equipment costs and is expected to buy the power. Atlas did not name the lab.

Two Atlas subsidiaries signed cost reimbursement agreements with a leading frontier AI lab to secure long-lead equipment for data center projects. The deals cover balance-of-plant equipment and an incremental 283 MW of Caterpillar power generation. Atlas also ordered 328 MW under its existing Caterpillar framework for 2027.

Atlas Energy Solutions has entered into equipment purchase agreements supported by cost reimbursement agreements with a leading frontier AI lab. No further details on the scope or value were disclosed.