We recently compiled a list of the Why These 24 Stocks Are Skyrocketing. In this article, we are going to take a look at where Solaris Energy Infrastructure, Inc. (NYSE:SEI) stands against the other stocks.
One of the strongest stock market anomalies is the momentum effect, which is the tendency of recent past winners to outperform the recent past losers. That’s why we decided to take a look at some of the recent past winners in this article. These 24 companies, predominantly involved in the quantum computing, biotechnology, and technology sectors, have performed significantly well in the final quarter of 2024, registering spectacular returns over the 3 months.
That said, let’s take a look at the top 24 stocks that have skyrocketed and pose a solid growth opportunity in the coming year. We will also explore how well the stocks have performed throughout the year and what they have in store for 2025.
To come up with 24 names, we considered only the stocks that have at least $2 billion in market capitalization and have registered commendable returns in the fourth quarter of 2024.
An aerial view of a natural gas compressor station, its engines and piping stretching for miles.
Solaris Energy Infrastructure, Inc. (NYSE:SEI)
Q4 Returns as of December 31, 2024: 127%
SEI’s stock jumped 126.5% in Q4 2024, going to $28.78 on December 31 from $12.7 on September 30, 2024. The surge in SEI’s stock price indicates positive investor sentiment, as the energy demand from data centers continues to rise at an expected compound annual growth rate (CAGR) of 20%.
Solaris Energy Infrastructure Inc poses a viable investment opportunity as it plans to deliver reliable and scalable solutions to meet the power needs of various end markets including hyperscalers, mining companies, refineries, chemical processors, utility providers, and manufacturers.
The company grew its revenue by 7.7% year over year, generating $75.02 million in the third quarter of 2024. SEI is poised for growth as it works to fill the supply gap in critical, behind-the-meter power infrastructure.
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This article is originally published at Insider Monkey.
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