Mammoth Energy surged 20.11% intraday after announcing the completion of a $30 million sale of its Aquawolf subsidiary to Qualus. The transaction, part of Mammoth’s portfolio optimization strategy, monetized a business that grew revenue from $12.1 million in 2022 to $17.3 million in 2024. The sale reinforced management’s confidence in unlocking undervalued assets and deploying capital for long-term shareholder returns, as highlighted by CFO Mark Layton. The acquisition by Qualus, a power infrastructure leader, added grid modernization capabilities, aligning with Mammoth’s strategic focus on high-margin engineering services. The transaction’s premium valuation and alignment with the company’s growth-oriented transformation initiatives drove the intraday rally.
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