Solstice Advanced Materials Inc (SOLS) experienced a significant pre-market surge, with its stock price soaring 5.18% during Thursday's pre-market trading session.
The sharp upward movement appears driven by multiple analyst actions and positive research coverage. Mizuho Securities raised its price target on SOLS to $65 from $54, while BMO Capital Markets increased its target to $90 from $72. Additionally, Mizuho maintained its Hold rating on the company.
Concurrently, Citrini Research highlighted Solstice Advanced Materials in its analysis of the AI supply chain, identifying the company as a crucial play in advanced materials. The research firm noted SOLS operates the only U.S. uranium hexafluoride conversion facility and serves as a key middleman in nuclear fuel production, with management flagging backlogs indicating strong demand.