Solaris Energy Infrastructure ( (SEI) ) has provided an update.
On September 11, 2024, Solaris Energy Infrastructure completed the acquisition of Mobile Energy Rental LLC, a move that reflects in their financial statements for the year ended December 31, 2024. The acquisition, valued at $60 million in cash and additional equity considerations, is expected to impact Solaris’s financial operations significantly, with adjustments made for refinancing existing debt and funding the transaction. The pro forma financial statements illustrate the anticipated effects of the acquisition, although these are preliminary and subject to change.
More about Solaris Energy Infrastructure
Solaris Energy Infrastructure is a company operating in the energy infrastructure sector, focusing on providing energy solutions and services. The company is involved in the acquisition and integration of energy assets to enhance its market position.
YTD Price Performance: -20.02%
Average Trading Volume: 1,421,194
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.42B
For detailed information about SEI stock, go to TipRanks’ Stock Analysis page.