Jim Cramer on Solstice: “This Pullback May Be Giving You a Terrific Buying Opportunity”

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer highlighted the company’s latest acquisition plans, as he said:

In early May, we had two different specialty chemical companies on the show: Solstice Advanced Materials, which had recently spun off by Honeywell, and Element Solutions, which came public via a SPAC merger roughly a decade ago. Both of them have exposure to some really hot themes like semiconductors, data centers, and, as we just learned, they’re merging. Solstice is acquiring Element Solutions in a cash and stock deal valued at roughly $14.5 billion.

The market didn’t seem to love the transaction, though, as Solstice saw its stock plunge 15% today. Look, some of that’s just the arbitrage guys going to work. When there’s a stock-based transaction, they short the buyer, and they go long the target. I think this is a very smart deal, though, and this pullback may be giving you a terrific buying opportunity. I know we thought about it for our Trust today.

Stock market data. Photo by Jakub Zerdzicki on Pexels

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is a specialty materials company that provides solutions for applications in refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, and healthcare packaging.

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