Previous Close | 10.92 |
Open | 11.09 |
Bid | 8.88 x 800 |
Ask | 13.05 x 900 |
Day's Range | 11.09 - 11.09 |
52 Week Range | 10.41 - 11.39 |
Volume | |
Avg. Volume | 12,828 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | Nov 05, 2024 - Nov 11, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Key Insights Given the large stake in the stock by institutions, Ares Acquisition Corporation II's stock price might be...
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.