Solaris Energy price target raised to $81 from $71 at Northland

Northland analyst Bobby Brooks raised the firm’s price target on Solaris Energy (SEI) to $81 from $71 and keeps an Outperform rating on the shares. Solaris has demonstrated a clear history of increasing its future fleet capacity before new contract wins, though the firm thinks this dynamic is “underappreciated by investors,” the analyst says. While the firm is not anticipating a new deal to be announced with the company’s April 27 earnings report, it continues to think another deal is signed in the first half, the analyst added.