Why Solstice (SOLS) Stock Is Soaring 16% Today

TLDR

• Solstice stock surged over 16% on Friday after the company mutually terminated its planned acquisition of Element Solutions
• Both boards unanimously voted to cancel the deal with no breakup fees after strong pushback from investors
• Solstice stock had fallen from above $80 to below $57 following the July merger announcement
• Solstice launched a $500 million share repurchase program and reaffirmed its full-year 2026 guidance
• Wall Street analysts hold a Strong Buy consensus on SOLS with an average price target of $78.17

Solstice Advanced Materials (SOLS) was trading at $65.33 in midday Friday trading, up 16%, after the company announced it was walking away from its planned acquisition of Element Solutions (ESI).

Solstice Advanced Materials Inc., SOLS

The original deal, announced in early July, was a cash and stock transaction that would have roughly doubled Solstice’s size. The plan was to combine Solstice’s refrigerants and nuclear fuel materials with Element Solutions’ semiconductor manufacturing products, positioning the combined company across three parts of the AI supply chain: chips, data centers, and power.

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