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Advanced Emissions Solutions, Inc. - ADES STOCK NEWS

Welcome to our dedicated page for Advanced Emissions Solutions news (Ticker: ADES), a resource for investors and traders seeking the latest updates and insights on Advanced Emissions Solutions stock.

Advanced Emissions Solutions, Inc. (NASDAQ: ADES), headquartered in Harbor Beach, MI, stands at the forefront of environmental solutions for power generation, industrial, and municipal water purification markets. ADES is dedicated to producing high-quality activated carbon products and innovative carbon solutions to address pollution control and sustainability challenges.

Known for its strategic acquisitions and robust product portfolio, ADES recently acquired subsidiaries of Arq Limited, enhancing its technological capabilities and market reach. This acquisition has paved the way for growth capital projects at its manufacturing facilities, expanding and diversifying its product offerings, including the development of granular activated carbon (GAC) technologies.

The company's proprietary solutions, such as ADA® M-Prove™ Technology and products from ADA-ES, Inc., ensure effective control of mercury and other contaminants from coal-fired power generators and other industrial sources. ADES's broad suite of products, including those from CarbPure Technologies LLC and FluxSorb LLC, cater to diverse markets with a focus on potable water treatment, wastewater remediation, and emerging environmental challenges.

Financially, ADES has shown resilience with strategic initiatives aimed at optimizing its PAC portfolio and improving gross margins. Despite a challenging market environment, the company achieved significant revenue from consumables and reported positive EBITDA in recent quarters. As of September 30, 2023, ADES's cash balance, including restricted cash, stood at $61.3 million, underscoring its robust financial position.

Furthermore, ADES is on track with its capital projects, including the construction of new GAC facilities at its Red River and Corbin plants, expected to be completed by the end of 2024. These initiatives are anticipated to position ADES as a leading supplier of GAC products, leveraging its vertically integrated supply chain and innovative technologies.

With a commitment to environmental sustainability and a cleaner future, ADES continues to evolve, evidenced by its upcoming rebrand to Arq, Inc. The rebrand symbolizes the company's transformation into a leading North American environmental technology firm, poised to deliver high-performing, environmentally efficient products and solutions to its clients.

News

Advanced Emissions Solutions Completes Rebrand as Arq and Will Ring NASDAQ Opening Bell on February 1, 2024

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Arq, Inc. (NASDAQ: ARQ) announced its rebranding from Advanced Emissions Solutions, Inc. to Arq, Inc., with shares to commence trading under the new Nasdaq ticker 'ARQ' on February 1, 2024. The company celebrated the event by ringing the Nasdaq opening bell in New York. The rebrand reflects Arq's strategic evolution to a leading North American environmental technology company, with a focus on purification and sustainable materials. The CEO, Bob Rasmus, emphasized the company's commitment to becoming the safest, most cost-effective, and most profitable provider of activated carbon solutions, with a growing focus on granular activated carbon.
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Advanced Emissions Solutions Signs Contract for Construction of Granular Activated Carbon Expansion at Red River Plant with Wieland

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Advanced Emissions Solutions, Inc. (ADES) has announced the execution of a contract with Wieland Davco Corporation for the construction of a strategic Granular Activated Carbon (GAC) facility at its Red River plant in Coushatta, LA. The completion of the project is anticipated by Q4 2024, with estimated construction and equipment costs in the range of $45-50 million, representing an increase of approximately 20% on previous guidance. The increase is attributed to higher construction and equipment costs due to inflationary and timing-related issues. The company is confident that the increase is covered by its existing capital, anticipated cashflow in 2024, and reductions in other costs. Additionally, major construction work at its Corbin facility in Kentucky, which will provide the recycled bituminous coal waste feedstock for Red River, remains on track to be completed on time and within budget. The CEO of ADES expressed optimism about the project and the undersupplied GAC market in North America, expecting valuable sales contracts against the expansion in the coming months. The COO also emphasized the determination of the operational team to drive the project forward, with the construction partner expressing dedication to excellence in construction.
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Advanced Emissions Solutions to Rebrand as Arq, Inc.

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Advanced Emissions Solutions, Inc. (NASDAQ: ADES) has announced a corporate rebrand to Arq, Inc. effective February 1, 2024, following the completed acquisition of Arq Limited and its subsidiaries in February 2023. This transformation positions the company as a leading North American environmental technology company, offering high-performing patented products to accelerate industrial customers towards a cleaner, more sustainable future. The rebrand aims to deliver greater stakeholder value, diversify the product portfolio, and expand growth opportunities. The addition of Arq's proprietary feedstock base of bituminous coal waste is expected to turbocharge growth and profitability, reduce the carbon footprint, and solidify the company's leadership in the activated carbon market.
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Advanced Emissions Solutions to Attend the Sidoti Micro-Cap Conference on January 17th and 18th

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Advanced Emissions Solutions, Inc. (ADES) will attend the Virtual Sidoti Micro-Cap Conference to meet with institutional investors, analysts, family offices, and high net-worth investors. The Company’s CEO, VP of Finance, and Head of Investor Relations will participate in one-on-one and group meetings, along with a presentation by management.
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Advanced Emissions Solutions Reports Third Quarter 2023 Results

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Advanced Emissions Solutions, Inc. (NASDAQ: ADES) reported third-quarter financial results, highlighting a 5% growth in consumables revenue and a significant improvement in gross margin. The company also announced the appointment of a new COO and the commencement of construction at Red River to produce granular activated carbon. Third-quarter consumables revenue was $29.8 million with a gross margin of 30.6%. The company reported a net loss of $2.2 million, an improvement from the prior year period. Cash balances as of September 30, 2023, totaled $61.3 million.
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Advanced Emissions Solutions Signs Heads of Terms with Leading European Activated Carbon Supplier LSR Materials

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Advanced Emissions Solutions, Inc. (ADES) has entered into a framework for a definitive supply agreement with Unicarb® Activated Carbons, a product group of LSR Materials GmbH & Co KG, to address the growing European markets for water purification products. The proposed relationship will leverage ADES' activated carbon production and LSR's expertise in the European market. ADES will be attending the Aquatech conference in Amsterdam to further discuss the opportunity.
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Advanced Emissions Solutions to Host Third Quarter 2023 Conference Call on November 9th

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Advanced Emissions Solutions, Inc. (NASDAQ: ADES) will release its Q3 2023 financial results and file its Form 10-Q on November 8, 2023. A conference call to discuss the results will be held on November 9, 2023, at 9:00 a.m. ET. Interested parties can join the call via dial-in or webcast.
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Advanced Emissions Solutions Provides Update on Red River Expansion Plan

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Advanced Emissions Solutions, Inc. (NASDAQ: ADES) announced the beginning of the initial phase of construction at Red River in Louisiana. The project, expected to start in November, includes the installation of new processes to produce commercial scale granular activated carbon. The company retains the option to expand the scope of the plant up to $251 million. The project will be completed by the end of 2026 if fully implemented.
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Advanced Emissions Solutions Appoints Jeremy "Deke" Williamson as Chief Operating Officer

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Jeremy "Deke" Williamson appointed as COO of Advanced Emissions Solutions (ADES)
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Gamida Cell Reports Second Quarter and First Half 2023 Financial Results and Provides Company Update

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Gamida Cell reports strong start for Omisirge launch, exceeding expectations with payer coverage and transplant centers onboarded. Cash runway extended to Q2 2024 with $9 million reduction in debt.
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FAQ

What is the market cap of Advanced Emissions Solutions (ADES)?

The market cap of Advanced Emissions Solutions (ADES) is approximately 111.7M.

What does Advanced Emissions Solutions, Inc. (ADES) do?

ADES specializes in producing activated carbon products and environmental solutions for power generation, industrial, and municipal water purification markets.

What recent acquisitions has ADES completed?

ADES recently acquired subsidiaries of Arq Limited, enhancing its technological capabilities and market reach, particularly in granular activated carbon technologies.

How has ADES performed financially in recent quarters?

ADES reported financial resilience with significant revenue from consumables and positive EBITDA, supported by strategic initiatives to optimize its PAC portfolio and improve gross margins.

What are ADES's plans for expansion?

ADES is investing in capital projects to construct new GAC facilities at its Red River and Corbin plants, aimed at becoming a leading supplier of granular activated carbon products by the end of 2024.

What is the significance of ADES's rebrand to Arq, Inc.?

The rebrand to Arq, Inc. reflects ADES's strategic transformation into a leading North American environmental technology company, emphasizing its commitment to delivering high-performing, sustainable products.

What are some key products offered by ADES?

Key products include ADA® M-Prove™ Technology, powder activated carbon (PAC) from ADA Carbon Solutions, granular activated carbon from CarbPure Technologies, and engineered carbons from FluxSorb LLC.

How is ADES addressing environmental sustainability?

ADES is focused on producing environmentally efficient carbon products for pollution control, aiming to make air, water, and soil safer and healthier through its innovative technologies and sustainable practices.

What are ADES's recent business highlights?

Recent highlights include completing the integration of Arq's teams and assets, achieving significant improvements in gross margins, and securing air permits for new construction projects to expand its GAC product offerings.

What is the market outlook for ADES's products?

ADES anticipates strong demand for its products, driven by a structurally undersupplied GAC market in North America and increasing regulations on water and air pollution control.

How is ADES leveraging its acquisition of Arq Limited?

The acquisition of Arq Limited has provided ADES with a proprietary feedstock base of bituminous coal waste, enhancing its production capabilities and enabling the development of high-performance, sustainable carbon products.

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Advanced Emissions Solutions, Inc.

Nasdaq:ADES

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ADES Stock Data

111.68M
23.55M
17.66%
16.66%
0.05%
Pollution & Treatment Controls
Industrials
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United States
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