Previous close | 10.63 |
Open | 10.62 |
Bid | 10.63 x 1800 |
Ask | 17.00 x 1800 |
Day's range | 10.62 - 10.64 |
52-week range | 10.10 - 10.76 |
Volume | |
Avg. volume | 207,637 |
Market cap | 663.75M |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 29.50 |
EPS (TTM) | 0.36 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Key Insights Significantly high institutional ownership implies Ares Acquisition Corporation II's stock price is...
Nearly one year ago, privately held experimental small modular nuclear reactor (SMR) company X-Energy announced plans to reverse-merge itself into special purpose acquisition company (SPAC) Ares Acquisition Corporation (NYSE: AAC) in a $2 billion transaction targeting a nuclear power market that could be worth $1 trillion by 2050. On Tuesday, X-Energy and Ares Acquisition announced they have mutually agreed to terminate their business combination -- and as of 10:15 a.m. ET, Ares stock is up 9.2% on the news. Despite X-Energy saying it has "received strong interest from potential investors," the two companies were convinced by "challenging market conditions [and] peer-company trading performance" that now is not a propitious time to bring a nuclear power company public.