Solaris Energy initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst Jerry Revich initiated coverage of Solaris Energy (SEI) with an Equal Weight rating and $71 price target The firm is positive on the company’s track record of bringing reliable power to enable U.S. AI investments. However, following the stock’s 170% outperformance over the past year, Wells finds valuation Solaris Energy’s risk/reward as balanced.