Solstice Advanced Materials (SOLS)
Market Price (8/25/2026): $54.99 | Market Cap: $8.7 BilSector: Materials | Industry: Specialty Chemicals
Solstice Advanced Materials (SOLS)
Market Price (8/25/2026): $54.99Market Cap: $8.7 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% Megatrend and thematic driversMegatrends include Advanced Materials. Themes include Lightweight Composites, Nanomaterials, and Specialty Chemicals for Performance. | Weak multi-year price returns2Y Excs Rtn is -9.4%, 3Y Excs Rtn is -48% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 42x |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% |
| Megatrend and thematic driversMegatrends include Advanced Materials. Themes include Lightweight Composites, Nanomaterials, and Specialty Chemicals for Performance. |
| Weak multi-year price returns2Y Excs Rtn is -9.4%, 3Y Excs Rtn is -48% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 42x |
Qualitative Assessment
AI Analysis | Feedback
Updated on 8/24/2026
Solstice Advanced Materials (SOLS) stock has lost about 30% since 4/30/2026 because of the following key factors:
1. Solstice Advanced Materials (SOLS) shares significantly declined following the announcement of its $14.5 billion acquisition of Element Solutions in a cash-and-stock transaction on July 6, 2026. This company-specific news triggered an immediate approximately 15% stock drop. Analysts from firms like RBC Capital, BMO Capital, and Mizuho subsequently trimmed their price targets for SOLS, citing strategic implications and deal uncertainty. Additionally, several law firms initiated investigations into whether the merger offered fair value to Solstice shareholders, creating a legal-risk overhang for the stock. The acquisition is expected to close in the first half of fiscal year 2027.
2. Despite strong fiscal Q2 2026 earnings, Solstice Advanced Materials experienced profit-taking and a "sell-the-news" reaction. The company reported its fiscal Q2 2026 results on July 30, 2026 (for the quarter ended June 30, 2026), with adjusted earnings per share (EPS) of $0.88, surpassing analysts' consensus estimates of $0.79. Quarterly revenue also increased by 11% year-over-year to $1.15 billion. Furthermore, management raised its full-year fiscal 2026 guidance for both net sales and adjusted diluted EPS. However, the stock notably slipped in the days following the earnings report, suggesting that positive performance was either already priced into the stock or overshadowed by the recent acquisition news.
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Solstice Advanced Materials (SOLS) stock has lost about 30% since 4/30/2026 because of the following key factors:
1. Solstice Advanced Materials (SOLS) shares significantly declined following the announcement of its $14.5 billion acquisition of Element Solutions in a cash-and-stock transaction on July 6, 2026. This company-specific news triggered an immediate approximately 15% stock drop. Analysts from firms like RBC Capital, BMO Capital, and Mizuho subsequently trimmed their price targets for SOLS, citing strategic implications and deal uncertainty. Additionally, several law firms initiated investigations into whether the merger offered fair value to Solstice shareholders, creating a legal-risk overhang for the stock. The acquisition is expected to close in the first half of fiscal year 2027.
2. Despite strong fiscal Q2 2026 earnings, Solstice Advanced Materials experienced profit-taking and a "sell-the-news" reaction. The company reported its fiscal Q2 2026 results on July 30, 2026 (for the quarter ended June 30, 2026), with adjusted earnings per share (EPS) of $0.88, surpassing analysts' consensus estimates of $0.79. Quarterly revenue also increased by 11% year-over-year to $1.15 billion. Furthermore, management raised its full-year fiscal 2026 guidance for both net sales and adjusted diluted EPS. However, the stock notably slipped in the days following the earnings report, suggesting that positive performance was either already priced into the stock or overshadowed by the recent acquisition news.
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Updated on 8/24/2026
Solstice Advanced Materials (SOLS) stock has lost about 30% since 4/30/2026 because of the following key factors:
1. Solstice Advanced Materials (SOLS) shares significantly declined following the announcement of its $14.5 billion acquisition of Element Solutions in a cash-and-stock transaction on July 6, 2026. This company-specific news triggered an immediate approximately 15% stock drop. Analysts from firms like RBC Capital, BMO Capital, and Mizuho subsequently trimmed their price targets for SOLS, citing strategic implications and deal uncertainty. Additionally, several law firms initiated investigations into whether the merger offered fair value to Solstice shareholders, creating a legal-risk overhang for the stock. The acquisition is expected to close in the first half of fiscal year 2027.
2. Despite strong fiscal Q2 2026 earnings, Solstice Advanced Materials experienced profit-taking and a "sell-the-news" reaction. The company reported its fiscal Q2 2026 results on July 30, 2026 (for the quarter ended June 30, 2026), with adjusted earnings per share (EPS) of $0.88, surpassing analysts' consensus estimates of $0.79. Quarterly revenue also increased by 11% year-over-year to $1.15 billion. Furthermore, management raised its full-year fiscal 2026 guidance for both net sales and adjusted diluted EPS. However, the stock notably slipped in the days following the earnings report, suggesting that positive performance was either already priced into the stock or overshadowed by the recent acquisition news.
3. Broader macroeconomic factors contributed to a "risk-off" sentiment impacting growth and cyclical stocks within the advanced materials sector. Specifically, surging long-term Treasury yields, reaching multi-decade highs, along with a semiconductor-led selloff in the market, created a challenging environment for companies like Solstice Advanced Materials. This general market cautiousness amplified the downward pressure on SOLS shares during the specified period.
Show less
Solstice Advanced Materials (SOLS) stock has lost about 30% since 4/30/2026 because of the following key factors:
1. Solstice Advanced Materials (SOLS) shares significantly declined following the announcement of its $14.5 billion acquisition of Element Solutions in a cash-and-stock transaction on July 6, 2026. This company-specific news triggered an immediate approximately 15% stock drop. Analysts from firms like RBC Capital, BMO Capital, and Mizuho subsequently trimmed their price targets for SOLS, citing strategic implications and deal uncertainty. Additionally, several law firms initiated investigations into whether the merger offered fair value to Solstice shareholders, creating a legal-risk overhang for the stock. The acquisition is expected to close in the first half of fiscal year 2027.
2. Despite strong fiscal Q2 2026 earnings, Solstice Advanced Materials experienced profit-taking and a "sell-the-news" reaction. The company reported its fiscal Q2 2026 results on July 30, 2026 (for the quarter ended June 30, 2026), with adjusted earnings per share (EPS) of $0.88, surpassing analysts' consensus estimates of $0.79. Quarterly revenue also increased by 11% year-over-year to $1.15 billion. Furthermore, management raised its full-year fiscal 2026 guidance for both net sales and adjusted diluted EPS. However, the stock notably slipped in the days following the earnings report, suggesting that positive performance was either already priced into the stock or overshadowed by the recent acquisition news.
3. Broader macroeconomic factors contributed to a "risk-off" sentiment impacting growth and cyclical stocks within the advanced materials sector. Specifically, surging long-term Treasury yields, reaching multi-decade highs, along with a semiconductor-led selloff in the market, created a challenging environment for companies like Solstice Advanced Materials. This general market cautiousness amplified the downward pressure on SOLS shares during the specified period.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -32.4% change in SOLS stock from 4/30/2026 to 8/24/2026 was primarily driven by a -23.7% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 81.88 | 55.36 | -32.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,886 | 4,096 | 5.4% |
| Net Income Margin (%) | 6.1% | 5.1% | -15.9% |
| P/E Multiple | 54.8 | 41.9 | -23.7% |
| Shares Outstanding (Mil) | 159 | 159 | 0.0% |
| Cumulative Contribution | -32.4% |
Market Drivers
4/30/2026 to 8/24/2026| Return | Correlation | |
|---|---|---|
| SOLS | -32.4% | |
| Market (SPY) | 6.2% | 35.6% |
| Sector (XLB) | 4.1% | 21.9% |
Fundamental Drivers
The -10.2% change in SOLS stock from 1/31/2026 to 8/24/2026 was primarily driven by a -0.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 61.66 | 55.36 | -10.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 4,096 | 0.0% |
| Net Income Margin (%) | � | 5.1% | 0.0% |
| P/E Multiple | � | 41.9 | 0.0% |
| Shares Outstanding (Mil) | 159 | 159 | -0.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2026 to 8/24/2026| Return | Correlation | |
|---|---|---|
| SOLS | -10.2% | |
| Market (SPY) | 10.6% | 39.8% |
| Sector (XLB) | 9.2% | 34.7% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 8/24/2026| Return | Correlation | |
|---|---|---|
| SOLS | ||
| Market (SPY) | 21.8% | 36.7% |
| Sector (XLB) | 23.9% | 35.3% |
Fundamental Drivers
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Market Drivers
7/31/2023 to 8/24/2026| Return | Correlation | |
|---|---|---|
| SOLS | ||
| Market (SPY) | 72.7% | 36.7% |
| Sector (XLB) | 31.9% | 35.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SOLS Return | - | - | - | - | 11% | 16% | 29% |
| Peers Return | 28% | 1% | 13% | -5% | 8% | 18% | 76% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| SOLS Win Rate | - | - | - | - | 100% | 62% | |
| Peers Win Rate | 55% | 50% | 53% | 55% | 60% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SOLS Max Drawdown | - | - | - | - | - | -37% | |
| Peers Max Drawdown | -17% | -31% | -19% | -23% | -29% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LIN, APD, DD, CC, COR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/24/2026 (YTD)
How Low Can It Go
SOLS has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.0% | -18.8% |
| % Gain to Breakeven | 20.5% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.5% | -9.5% |
| % Gain to Breakeven | 14.3% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.3% | -19.2% |
| % Gain to Breakeven | 22.4% | 23.8% |
| Time to Breakeven | 101 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -17.9% | -12.2% |
| % Gain to Breakeven | 21.7% | 13.9% |
| Time to Breakeven | 52 days | 62 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
SOLS has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.8% | -6.8% |
| % Gain to Breakeven | 31.2% | 7.3% |
| Time to Breakeven | 171 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.2% | -17.9% |
| % Gain to Breakeven | 39.3% | 21.8% |
| Time to Breakeven | 459 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.6% | -53.4% |
| % Gain to Breakeven | 130.3% | 114.4% |
| Time to Breakeven | 701 days | 1085 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Solstice Advanced Materials (SOLS)
Sollensys Corp. (symbol: SOLS) is a technology company focused on developing commercial blockchain applications for cybersecurity. Its core offering is the Blockchain Archive Server, a turn-key, off-the-shelf solution designed to enhance data security for businesses. This server is engineered to integrate effortlessly with a client's existing hardware and software infrastructure, eliminating the need for costly replacements or overhauls of their current data security systems.
The Blockchain Archive Server operates by encrypting, fragmenting, and distributing client data daily across various secure nodes. This innovative approach provides robust protection against ransomware and other malicious software, ensuring data integrity and maintaining a secure, immutable backup of vital information. It serves as a resilient layer of defense for crucial business data.
Sollensys Corp. is also actively expanding its product portfolio with the development of the Argus Panoptes RFID System. This new application will leverage blockchain cybersecurity to record data from radio-frequency identification (RFID) sensors directly into the Blockchain Archive Server. The company primarily serves small-to-medium sized businesses in the United States and Canada, offering them advanced and accessible cybersecurity solutions.
AI Analysis | Feedback
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AI Analysis | Feedback
- Blockchain Archive Server: A turn-key, off-the-shelf blockchain solution that provides cybersecurity by encrypting, fragmenting, and distributing data to protect against ransomware and maintain immutable backups.
- Argus Panoptes RFID System: A developing blockchain cybersecurity application designed to allow the Blockchain Archive Server to record data directly from radio-frequency identification (RFID) sensors.
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Solstice Advanced Materials (Sollensys Corp.) primarily serves small-to-medium sized businesses (SMBs) with its blockchain cybersecurity solutions. The provided description does not list specific names of its major customer companies.
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David Sewell – President and CEO
David Sewell serves as President and Chief Executive Officer for Solstice Advanced Materials. He has over 30 years of leadership experience across the materials and chemicals industry, recognized for driving large-scale transformation of global businesses and delivering sustained commercial performance. Prior to joining Solstice, David was President and CEO of WestRock Company, where he led a multi-year transformation strategy, delivering significant revenue, margin, and profit enhancements. Under his leadership, WestRock executed a landmark merger with Smurfit Kappa, creating a $35 billion global packaging leader. Before WestRock, he was President and Chief Operating Officer of The Sherwin-Williams Company and spent over 15 years in General Electric's Plastics and Advanced Materials Division. He currently serves on the Boards of the National Association of Manufacturers and Huntsman Corporation.
Tina Pierce – Senior Vice President and Chief Financial Officer
Tina Pierce serves as Chief Financial Officer for Solstice Advanced Materials, where she leads the company's global financial strategy, driving performance, capital stewardship, and long-term value creation. She has over two decades of senior finance leadership experience across the industrial, technology, and automation sectors. Before joining Solstice, Tina spent nearly three decades at Honeywell, most recently as Vice President and Chief Financial Officer of Industrial Automation, where she helped drive digital transformation across operations, supply chains, and worker safety. She also served as Vice President and Chief Financial Officer for Honeywell Home and Building Technologies from 2017 to 2020, where she played a key role in the successful spin-off of Resideo. She is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA).
Rajeev Aggarwal – Chief Integrated Supply Chain Officer
Wylie Clark – Chief Development Officer
Jackie Grunwald – Chief Information Officer
David Sewell serves as President and Chief Executive Officer for Solstice Advanced Materials. He has over 30 years of leadership experience across the materials and chemicals industry, recognized for driving large-scale transformation of global businesses and delivering sustained commercial performance. Prior to joining Solstice, David was President and CEO of WestRock Company, where he led a multi-year transformation strategy, delivering significant revenue, margin, and profit enhancements. Under his leadership, WestRock executed a landmark merger with Smurfit Kappa, creating a $35 billion global packaging leader. Before WestRock, he was President and Chief Operating Officer of The Sherwin-Williams Company and spent over 15 years in General Electric's Plastics and Advanced Materials Division. He currently serves on the Boards of the National Association of Manufacturers and Huntsman Corporation.
Tina Pierce – Senior Vice President and Chief Financial Officer
Tina Pierce serves as Chief Financial Officer for Solstice Advanced Materials, where she leads the company's global financial strategy, driving performance, capital stewardship, and long-term value creation. She has over two decades of senior finance leadership experience across the industrial, technology, and automation sectors. Before joining Solstice, Tina spent nearly three decades at Honeywell, most recently as Vice President and Chief Financial Officer of Industrial Automation, where she helped drive digital transformation across operations, supply chains, and worker safety. She also served as Vice President and Chief Financial Officer for Honeywell Home and Building Technologies from 2017 to 2020, where she played a key role in the successful spin-off of Resideo. She is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA).
Rajeev Aggarwal – Chief Integrated Supply Chain Officer
Wylie Clark – Chief Development Officer
Jackie Grunwald – Chief Information Officer
AI Analysis | Feedback
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AI Analysis | Feedback
The emergence of highly integrated, cloud-native cybersecurity platforms from major vendors poses a clear emerging threat. These platforms increasingly offer comprehensive data protection, ransomware recovery, and immutable storage capabilities as part of a unified, simpler, and often more cost-effective solution. For small-to-medium sized businesses, which Sollensys primarily serves, managing a separate, specialized blockchain archive server might become less appealing than adopting a single, integrated security suite that incorporates these features directly. This trend streamlines security management and deployment, potentially rendering niche, standalone solutions like Sollensys's Blockchain Archive Server less competitive over time.
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AI Analysis | Feedback
Solstice Advanced Materials (trading under the symbol SOLS) is expected to experience future revenue growth over the next 2-3 years driven by several key factors. While the company name in the request is "Solstice Advanced Materials", the detailed background provided describes Sollensys Corp., a company focused on blockchain applications for cybersecurity. Therefore, the following drivers are identified based on the description of Sollensys Corp. and the broader market trends in its industry.
- Increased Adoption and Sales of the Blockchain Archive Server: The company's core product, the Blockchain Archive Server, is a turn-key solution designed to protect data from ransomware and maintain immutable backups. The ransomware protection market is experiencing rapid expansion, with its size projected to grow from $28.47 billion in 2025 to $33.38 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 17.3%. This growth is expected to continue, reaching $63.49 billion by 2030 with a CAGR of 17.4%. This robust market growth, fueled by rising cybercrime incidents and sophisticated attacks, directly underpins increased demand for Sollensys's solution. Small and medium enterprises, which Sollensys primarily serves, are forecast to be the fastest-growing segment in the ransomware protection market with a 17.35% CAGR through 2031.
- Successful Development and Commercialization of the Argus Panoptes RFID System: Sollensys Corp. is actively developing the Argus Panoptes RFID System, a new blockchain cybersecurity application that integrates RFID sensor data with the Blockchain Archive Server. The global RFID market is predicted to grow significantly, with an estimated increase of $18.77 billion from 2025 to 2029 at an annual rate of 14.6%, and is projected to reach US$ 43.31 billion by 2034, registering a CAGR of 10.72% from 2026 to 2034. The successful launch and market penetration of this new offering, which capitalizes on the growing demand for real-time tracking, automation, and supply chain visibility, would open a new and significant revenue stream for the company.
- Surging Demand for Advanced Cybersecurity Solutions Leveraging Blockchain Technology: The overall cybersecurity market is in a period of substantial growth, with global spending on cybersecurity products and services predicted to exceed $520 billion annually by 2026. Within this, the global blockchain technology market, which underpins Sollensys's offerings, was valued at USD 41.14 billion in 2025 and is projected to grow at a significant CAGR of 90.1% from 2025 to 2030. This trend is driven by the critical need to protect digital assets from escalating cyber threats, where blockchain's immutable ledger and enhanced data integrity offer a distinct advantage.
- Expansion into New Customer Segments or Geographic Markets: Currently, Sollensys Corp. primarily serves small-to-medium sized businesses in the United States and Canada. Given the widespread and increasing demand for robust cybersecurity solutions across various industries and enterprise sizes, there is a clear opportunity for the company to expand its customer base. The strong market growth in ransomware protection, with North America being the largest regional market in 2025, suggests fertile ground for expanding its reach within or beyond its current primary geographical focus.
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Peer Outperformance in Specialty Chemicals
nullShare of Specialty Chemicals constituents that SOLS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
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insufficient peer history
3Y
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insufficient peer history
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Median price return by industry across the Materials sector, ranked by 5Y. Specialty Chemicals is SOLS's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 117.5% | 98.6% | 323.1% | COPR 1217% · TGB 443% · HBM 404% |
| Silver | 6 | 167.8% | 310.3% | 181.2% | HL 261% · AYA 239% · SVM 214% |
| Gold | 32 | 61.5% | 223.0% | 172.0% | IAG 836% · CNL 570% · OGC 523% |
| Steel | 13 | 22.3% | 49.8% | 119.7% | AMR 477% · HCC 463% · NWPX 330% |
| Diversified Metals & Mining | 24 | 9.8% | 6.9% | 50.0% | ATLX 239186% · USAR 61276% · FMST 1006% |
| Aluminum | 3 | 96.1% | 134.1% | 49.5% | CENX 276% · KALU 49% · AA 24% |
| Construction Materials | 7 | -14.2% | 31.8% | 45.3% | USLM 317% · CRH 98% · VMC 51% |
| Metal, Glass & Plastic Containers | 11 | 3.7% | 9.8% | 7.3% | KRT 170% · MYE 72% · GEF 61% |
| Paper & Plastic Packaging Products & Materials | 7 | 13.9% | 19.7% | -4.4% | PKG 92% · CCK 14% · SON 7% |
| Precious Metals & Minerals | 9 | 49.7% | 170.5% | -5.3% | ASM 657% · PPTA 382% · ELE 123% |
| Specialty Chemicals ← | 40 | 9.9% | 1.1% | -12.2% | LWLG 808% · ODC 493% · NEU 201% |
| Commodity Chemicals | 13 | 26.0% | 18.0% | -14.6% | HWKN 238% · MEOH 84% · LXU 62% |
| Diversified Chemicals | 4 | 2.9% | -27.2% | -26.4% | CBT 72% · ASH -6% · CC -47% |
| Fertilizers & Agricultural Chemicals | 10 | -3.9% | 0.5% | -34.9% | CF 214% · CTVA 100% · NTR 46% |
| Paper Products | 3 | -12.3% | -51.9% | -95.7% | CLW -35% · ITP -96% · MERC -96% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| SOLS Stock Surges 27% With A 5-day Winning Spree On UBS PT Hike To $87 | 02/19/2026 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 221.45 |
| Mkt Cap | 40.6 |
| Rev LTM | 9,200 |
| Op Inc LTM | 1,912 |
| FCF LTM | 354 |
| FCF 3Y Avg | -176 |
| CFO LTM | 2,806 |
| CFO 3Y Avg | 3,625 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.8% |
| Rev Chg 3Y Avg | -0.9% |
| Rev Chg Q | 4.8% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 3.4% |
| Op Inc Chg 3Y Avg | 9.1% |
| Op Mgn LTM | 12.6% |
| Op Mgn 3Y Avg | 9.5% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 18.5% |
| CFO/Rev 3Y Avg | 12.0% |
| FCF/Rev LTM | 4.1% |
| FCF/Rev 3Y Avg | -3.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Refrigerants & Applied Solutions | 2,789 | 2,721 | 2,629 |
| Electronic & Specialty Materials | 1,097 | 1,049 | 1,020 |
| Total | 3,886 | 3,770 | 3,649 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Refrigerants & Applied Solutions | 3,490 | 3,157 |
| Electronic & Specialty Materials | 1,471 | 1,192 |
| Corporate and All Other | 712 | 655 |
| Total | 5,673 | 5,004 |
Price Behavior
Price Behavior
| Market Price | $55.36 | |
| Market Cap ($ Bil) | 8.8 | |
| First Trading Date | 07/05/2013 | |
| Distance from 52W High | -37.5% | |
| 50 Days | 200 Days | |
| DMA Price | $49.46 | $49.46 |
| DMA Trend | down | down |
| Distance from DMA | 11.9% | 11.9% |
| 3M | 1YR | |
| Volatility | 57.7% | 55.9% |
| Downside Capture | 264.28 | 163.39 |
| Upside Capture | 56.52 | 168.23 |
| Correlation (SPY) | 36.3% |
SOLS Betas & Captures as of 7/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.14 | 1.52 | 1.60 | 1.70 | 0.86 | 0.56 |
| Up Beta | 1.98 | 2.05 | 1.70 | 1.79 | 1.42 | 0.50 |
| Down Beta | -1.79 | 0.25 | 0.55 | 1.32 | -0.90 | -1.01 |
| Up Capture | -116% | 71% | 99% | 185% | 163% | 16% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 29 | 66 | 99 | 99 |
| Down Capture | 424% | 242% | 241% | 168% | 115% | 65% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 13 | 24 | 34 | 60 | 85 | 85 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOLS | |
|---|---|---|---|---|
| SOLS | 27.2% | 55.9% | 0.74 | - |
| Sector ETF (XLB) | 20.4% | 17.9% | 0.88 | 35.3% |
| Equity (SPY) | 21.2% | 12.9% | 1.23 | 36.7% |
| Gold (GLD) | 39.0% | 28.8% | 1.14 | 20.7% |
| Commodities (DBC) | 40.9% | 20.2% | 1.58 | -11.9% |
| Real Estate (VNQ) | 13.9% | 13.8% | 0.70 | 6.3% |
| Bitcoin (BTCUSD) | -30.4% | 44.2% | -0.69 | 6.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOLS | |
|---|---|---|---|---|
| SOLS | 4.9% | 55.9% | 0.74 | - |
| Sector ETF (XLB) | 6.5% | 19.1% | 0.23 | 35.3% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 36.7% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 20.7% |
| Commodities (DBC) | 10.2% | 19.6% | 0.41 | -11.9% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 6.3% |
| Bitcoin (BTCUSD) | 11.2% | 52.8% | 0.40 | 6.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOLS | |
|---|---|---|---|---|
| SOLS | 2.4% | 55.9% | 0.74 | - |
| Sector ETF (XLB) | 10.4% | 20.7% | 0.45 | 35.3% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 36.7% |
| Gold (GLD) | 12.9% | 16.3% | 0.65 | 20.7% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | -11.9% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 6.3% |
| Bitcoin (BTCUSD) | 63.1% | 66.2% | 1.03 | 6.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/10/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | 3.1% | 12.3% | |
| 5/6/2026 | -1.9% | 4.5% | 0.8% |
| 2/11/2026 | 17.5% | 26.8% | 13.1% |
| 11/6/2025 | -6.8% | -2.9% | -3.4% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 2 |
| # Negative | 2 | 1 | 1 |
| Median Positive | 10.3% | 12.3% | 6.9% |
| Median Negative | -4.4% | -2.9% | -3.4% |
| Max Positive | 17.5% | 26.8% | 13.1% |
| Max Negative | -6.8% | -2.9% | -3.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | 3.1% | 12.3% | |
| 5/6/2026 | -1.9% | 4.5% | 0.8% |
| 2/11/2026 | 17.5% | 26.8% | 13.1% |
| 11/6/2025 | -6.8% | -2.9% | -3.4% |
| SUMMARY STATS | |||
| # Positive | 2 | 3 | 2 |
| # Negative | 2 | 1 | 1 |
| Median Positive | 10.3% | 12.3% | 6.9% |
| Median Negative | -4.4% | -2.9% | -3.4% |
| Max Positive | 17.5% | 26.8% | 13.1% |
| Max Negative | -6.8% | -2.9% | -3.4% |
Recent Forward Guidance
Updated 7/31/2026Latest: Q2 2026 Earnings Reported 7/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Net Sales | 990.00 Mil | 1.01 Bil | 1.03 Bil | -6.5% | Lower New | Guidance: 1.08 Bil for Q2 2026 | |
| 2026 RAS Segment Adjusted EBITDA Margin | 35.0% | ||||||
| 2026 Net Sales | 4.12 Bil | 4.16 Bil | 4.18 Bil | 3.9% | Raised | Guidance: 4.00 Bil for 2026 | |
| 2026 Adjusted EBITDA | 1.03 Bil | 1.04 Bil | 1.05 Bil | 4.5% | Raised | Guidance: 1.00 Bil for 2026 | |
| 2026 Adjusted Diluted EPS | 2.75 | 2.85 | 2.95 | 9.6% | Raised | Guidance: 2.6 for 2026 | |
| 2026 Capital Expenditures | 420.00 Mil | 430.00 Mil | 440.00 Mil | 4.2% | Raised | Guidance: 412.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Net Sales | 1.06 Bil | 1.08 Bil | 1.10 Bil | 12.5% | Higher New | Guidance: 960.00 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA Margin | 25.0% | 25.5% | 26.0% | ||||
| 2026 Net Sales | 3.90 Bil | 4.00 Bil | 4.10 Bil | 0 | Affirmed | Guidance: 4.00 Bil for 2026 | |
| 2026 Adjusted EBITDA | 975.00 Mil | 1.00 Bil | 1.02 Bil | 0 | Affirmed | Guidance: 1.00 Bil for 2026 | |
| 2026 Adjusted diluted EPS | 2.45 | 2.6 | 2.75 | 0 | Affirmed | Guidance: 2.6 for 2026 | |
| 2026 Capital Expenditures | 400.00 Mil | 412.50 Mil | 425.00 Mil | 0 | Affirmed | Guidance: 412.50 Mil for 2026 | |
Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 935.00 Mil | 960.00 Mil | 985.00 Mil | ||||
| Q1 2026 Adjusted EBITDA | 235.00 Mil | 240.00 Mil | 245.00 Mil | ||||
| 2026 Revenue | 3.90 Bil | 4.00 Bil | 4.10 Bil | 5.3% | Higher New | Actual: 3.80 Bil for 2025 | |
| 2026 Adjusted EBITDA | 975.00 Mil | 1.00 Bil | 1.02 Bil | ||||
| 2026 Adjusted Diluted EPS | 2.45 | 2.6 | 2.75 | ||||
| 2026 Capital Expenditures | 400.00 Mil | 412.50 Mil | 425.00 Mil | 5.8% | Higher New | Actual: 390.00 Mil for 2025 | |
Investor Activity (13F)
Updated Aug 25, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Pennant Investors, LP | $48.4 Mil | 13.4% | 17 | TRIM -9.3% | 13F |
| XN LP | $203.0 Mil | 7.5% | 23 | ADD +274.5% | 13F |
| One Fin Capital Management LP | $14.5 Mil | 5.6% | 19 | TRIM -41.5% | 13F |
| Element Capital Management LLC | $12.6 Mil | 4.9% | 34 | TRIM -11.3% | 13F |
| Sessa Capital IM, L.P. | $214.0 Mil | 4.1% | 31 | TRIM -62.4% | 13F |
| Bayberry Capital Partners LP | $11.9 Mil | 3.9% | 28 | TRIM -44.2% | 13F |
| Castle Hook Partners LP | $169.6 Mil | 3.4% | 44 | ADD +87.1% | 13F |
| Kinetic Partners Management, LP | $55.4 Mil | 3.1% | 49 | TRIM -40.5% | 13F |
| Progeny 3, Inc. | $55.7 Mil | 3.0% | 32 | Hold | 13F |
| No Street GP LP | $38.1 Mil | 2.5% | 31 | ADD +33.3% | 13F |
| Matthew 25 Management Corp | $7.2 Mil | 2.4% | 20 | TRIM -5.9% | 13F |
| Tairen Capital Ltd | $15.5 Mil | 1.7% | 44 | TRIM -52.0% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| Madison Avenue Partners, LP | $135.2 Mil | 5.8% | 23 | Exited | Dec 31, 2025 | 13F |
| Paulson & Co. Inc. | $67.8 Mil | 2.1% | 9 | Exited | Dec 31, 2025 | 13F |
| Goldentree Asset Management LP | $47.3 Mil | 2.6% | 29 | Exited | Dec 31, 2025 | 13F |
| Mason Capital Management LLC | $30.8 Mil | 5.5% | 9 | Exited | Dec 31, 2025 | 13F |
| Sessa Capital IM, L.P. | $214.0 Mil | 4.1% | 31 | TRIM -62.4% | Mar 31, 2026 | 13F |
| Tairen Capital Ltd | $15.5 Mil | 1.7% | 44 | TRIM -52.0% | Mar 31, 2026 | 13F |
| Bayberry Capital Partners LP | $11.9 Mil | 3.9% | 28 | TRIM -44.2% | Mar 31, 2026 | 13F |
| One Fin Capital Management LP | $14.5 Mil | 5.6% | 19 | TRIM -41.5% | Mar 31, 2026 | 13F |
| Kinetic Partners Management, LP | $55.4 Mil | 3.1% | 49 | TRIM -40.5% | Mar 31, 2026 | 13F |
| Element Capital Management LLC | $12.6 Mil | 4.9% | 34 | TRIM -11.3% | Mar 31, 2026 | 13F |
| Pennant Investors, LP | $48.4 Mil | 13.4% | 17 | TRIM -9.3% | Mar 31, 2026 | 13F |
| Matthew 25 Management Corp | $7.2 Mil | 2.4% | 20 | TRIM -5.9% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Sessa Capital IM, L.P. | $214.0 Mil | 4.1% | 31 | TRIM -62.4% | 13F |
| XN LP | $203.0 Mil | 7.5% | 23 | ADD +274.5% | 13F |
| Castle Hook Partners LP | $169.6 Mil | 3.4% | 44 | ADD +87.1% | 13F |
| Progeny 3, Inc. | $55.7 Mil | 3.0% | 32 | Hold | 13F |
| Kinetic Partners Management, LP | $55.4 Mil | 3.1% | 49 | TRIM -40.5% | 13F |
| Pennant Investors, LP | $48.4 Mil | 13.4% | 17 | TRIM -9.3% | 13F |
| No Street GP LP | $38.1 Mil | 2.5% | 31 | ADD +33.3% | 13F |
| Tairen Capital Ltd | $15.5 Mil | 1.7% | 44 | TRIM -52.0% | 13F |
| One Fin Capital Management LP | $14.5 Mil | 5.6% | 19 | TRIM -41.5% | 13F |
| Element Capital Management LLC | $12.6 Mil | 4.9% | 34 | TRIM -11.3% | 13F |
| Bayberry Capital Partners LP | $11.9 Mil | 3.9% | 28 | TRIM -44.2% | 13F |
| Matthew 25 Management Corp | $7.2 Mil | 2.4% | 20 | TRIM -5.9% | 13F |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Specialty Chemicals Resources |
| SpecialChem |
| Chemical Week |
| ICIS |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 8/24/2026