Atlas Energy rises after $840 million power equipment deal with Caterpillar

Caterpillar

10/03/2026 13:59

** Shares of oilfield service company Atlas Energy Solutions AESI.N up ~5% to $12.48

** Co signs deal with Caterpillar CAT.N to secure manufacturing capacity for power generation equipment worth about $840 million through 2029

** Atlas expects to own and operate approximately 2.0 gigawatts of power generation assets by 2030 following the deployment of new equipments

** Including session's moves, AESI up 30.5% YTD

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))