SOLS stock jumps as Solstice Advanced Materials targets $220 million Virginia ballistic-fiber buildout
Shares of Solstice Advanced Materials rose nearly 6% Tuesday after it announced a $220 million expansion of its ballistic fiber plant in Colonial Heights, Virginia. The company plans to add about 100 jobs by 2029 and boost production for armor materials. Investors await capex and demand updates on Feb. 11. The stock traded at $55.05 in afternoon session, up from Monday’s $52.01 close.
