AESI

In the past six months (April-October 2026), AESI reported Q2 2026 revenue of $293.2 million, a 10.4% increase from Q1, with proppant sales volumes of 5.6 million tons. A significant 5-year power purchase agreement (PPA) for 120 MW was announced in April 2026, expected to generate $50-55 million in annual Adjusted Free Cash Flow starting H1 2027. In September 2026, the stock jumped 15.38% due to securing over 600 MW of long-lead equipment for data center power projects, including 283 MW of Caterpillar generation equipment and a separate 328 MW purchase, alongside a $340.5 million balance-of-plant equipment deal. Despite these positive developments, Citi cut its price target from $21 to $17 in early September 2026, citing softer proppant volumes and lower logistics margins, while maintaining a Buy rating. The stock experienced volatility, with a 52-week high of $20.13 and a low of $7.6417, trading at $12.37 as of October 8, 2026.