Solaris Energy Infrastructure, Inc. (NYSE:SEI) is included among the 12 Best American Oil Stocks to Buy Now.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) delivers proprietary power generation and distribution solutions, as well as logistics equipment and services, to clients in the data center, energy, commercial, and industrial sectors.
On June 12, Northland raised the firm’s price target on Solaris Energy Infrastructure, Inc. (NYSE:SEI) from $86 to $104, while reiterating its ‘Outperform’ rating on the shares. The revised price objective indicates an upside of 28% from the current levels.
Northland updated its model following the recent $1.3 billion debt offering by Solaris, along with an increase in contracted megawatt capacity tied to Hatchbo. The analyst firm also made slight adjustments to its deployment timing assumptions, which collectively contributed to the target boost.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) recently raised its total adjusted EBITDA guidance by 10% to $83 million to $93 million for the second quarter. Moreover, it introduced a Q3 guidance of $80 million to $95 million, citing a shift from temporary to permanent power at the Stateline JV and deliveries of new equipment.
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