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The latest announcement is out from Select Energy Services ( (WTTR) ).
On February 19, 2026, Select Water Solutions, Inc. announced it has launched an underwritten public offering of $175 million of its Class A common stock, under an effective shelf registration statement. The company also expects to grant underwriters a 30-day option to purchase up to an additional $26.25 million of shares, with J.P. Morgan Securities LLC and BofA Securities acting as lead bookrunners.
Select plans to use the net proceeds for general corporate purposes, including funding water infrastructure growth projects, potential acquisitions and possible repayment of borrowings under its sustainability-linked credit facility. The equity raise, which remains subject to market conditions and final terms, is aimed at strengthening the company’s balance sheet and supporting expansion in its core water and chemical solutions platform.
The most recent analyst rating on (WTTR) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Select Energy Services stock, see the WTTR Stock Forecast page.
Spark’s Take on WTTR Stock
According to Spark, TipRanks’ AI Analyst, WTTR is a Neutral.
Score is driven down primarily by weakening TTM financial performance (profitability and free-cash-flow pressure alongside higher leverage). Technicals are supportive with a strong uptrend, but overbought signals add near-term risk. Valuation is a headwind due to the elevated P/E, while the latest earnings call provides a meaningful offset via upbeat guidance and long-term growth visibility tempered by capital intensity and regulatory constraints.
To see Spark’s full report on WTTR stock, click here.
More about Select Energy Services
Select Water Solutions, Inc. is a leading provider of sustainable water and chemical solutions to the energy industry. The company’s offerings are underpinned by critical water infrastructure assets, as well as in-house chemical manufacturing, water treatment and recycling capabilities that support oilfield and related energy operations.
Average Trading Volume: 814,562
Technical Sentiment Signal: Buy
Current Market Cap: $1.61B
Find detailed analytics on WTTR stock on TipRanks’ Stock Analysis page.