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An announcement from Select Energy Services ( (WTTR) ) is now available.
Select Water Solutions, Inc. completed an underwritten public offering of its Class A common stock, initially agreeing on February 19, 2026 to sell $175 million of shares through a syndicate led by J.P. Morgan Securities LLC and BofA Securities, Inc. The underwriters exercised in full a 30-day option on February 23, 2026 to purchase an additional $26.25 million of shares at $12.75 per share, with that issuance closing on February 25, 2026, bringing total gross proceeds of the equity raise to approximately $201.25 million and further bolstering the company’s capital position.
The completed stock sale expands Select Water Solutions’ financial flexibility, potentially enabling increased investment in its water infrastructure and service offerings within the energy sector. The successful full take-up of the underwriters’ option also signals solid demand from capital markets for the company’s equity, which may strengthen its standing with investors and support future strategic or operational initiatives.
The most recent analyst rating on (WTTR) stock is a Hold with a $13.00 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.
Overall score is held back primarily by weakening TTM financial performance (lower revenue, near-zero earnings, higher leverage, and negative free cash flow). Offsetting factors include a constructive technical setup and upbeat earnings-call guidance for infrastructure-led growth, while the high P/E keeps valuation risk elevated and the equity offering adds some dilution despite balance-sheet support.
To see Spark’s full report on WTTR stock, click here.
More about Select Energy Services
Select Water Solutions, Inc., which operates under the Select Energy Services brand, is a provider of water-related services and solutions to the energy industry. The company focuses on supplying, handling, and managing water for oil and gas exploration and production companies, supporting drilling and completion operations across key U.S. shale and energy basins.
Average Trading Volume: 1,062,649
Technical Sentiment Signal: Buy
Current Market Cap: $1.84B
See more data about WTTR stock on TipRanks’ Stock Analysis page.