Why These Energy Stocks are Gaining This Week

3. Solaris Energy Infrastructure, Inc. (NYSE:SEI)

Share Price Gains Between Oct. 10 and Oct. 17: 14.21%

Solaris Energy Infrastructure, Inc. (NYSE:SEI) designs and manufactures specialized equipment for oil and natural gas operators in the United States.

Solaris Energy Infrastructure, Inc. (NYSE:SEI) received a boost on October 13 after Citi notably raised the stock’s price target from $38 to $56, while maintaining a ‘Buy’ rating on its shares. The analyst highlighted the doubling of the company’s power capacity and sees further upside despite the stock’s significant rally over the past month.

Moreover, Solaris Energy Infrastructure, Inc. (NYSE:SEI) announced an important update regarding its top leadership this week, with oil and gas and water sector veteran executive Amanda Brock appointed as the company’s co-CEO, effective October 16.