Atlas Energy Solutions shares rose nearly 14% Friday after two subsidiaries signed cost-reimbursement agreements with an unnamed leading frontier AI lab to provide data-center support equipment and incremental power-generation assets.
The agreements will involve Caterpillar power-generation hardware; Atlas already has a global framework agreement with the equipment maker. CEO John Turner said the customer's willingness to enter the cost-reimbursement deals showed commitment as the parties work toward long-term power-purchase agreements.
