Solaris Energy price target raised to $65 from $50 at Piper Sandler

Piper Sandler analyst Derek Podhaizer raised the firm’s price target on Solaris Energy (SEI) to $65 from $50 and keeps an Overweight rating on the shares. The firm notes the company added another 500MW to raise its total capacity to 2.2GW by early 2028, resulting in 900MW of available capacity, supporting the company’s efforts to secure its second data center contract. Although the stock has come under pressure recently, Piper still favors the story and believes investors are waiting on the next catalyst to reengage.