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Solaris Energy Infrastructure ( (SEI) ) has issued an update.
Solaris Energy Infrastructure, Inc. announced the pricing of an underwritten public offering of 6,500,000 shares of its Class A Common Stock at $24.75 per share, raising net proceeds of approximately $156 million. The proceeds will be used by Solaris LLC, a subsidiary, to fund growth capital for additional power generation equipment. Yorktown Energy Partners, a selling stockholder, provided underwriters with a 30-day option to purchase up to 975,000 additional shares. The offering positions Solaris to enhance its equipment capabilities in the energy sector, potentially expanding its market reach and operational capacity.
More about Solaris Energy Infrastructure
Solaris Energy Infrastructure, Inc. (NYSE:SEI) provides scalable equipment-based solutions for distributed power generation and raw material management in the completion of oil and natural gas wells. The company, headquartered in Houston, Texas, serves various U.S. markets, including energy, data centers, and other commercial and industrial sectors.
YTD Price Performance: 281.23%
Average Trading Volume: 475,719
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.76B
Find detailed analytics on SEI stock on TipRanks’ Stock Analysis page.
