Northland analyst Bobby Brooks raised the firm’s price target on Solaris Energy (SEI) to $86 from $81 and keeps an Outperform rating on the shares. The firm, which feels Solaris has “adequately addressed investor concerns on customer concentration” with 1,100 MW of new contracts YTD from two different investment grade rated tech companies, sees further upside ahead with an open 600 MW to contract and likely more capacity expansions.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEI:
- Solaris Energy price target raised to $82 from $70 at Raymond James
- Solaris Energy price target raised to $93 from $71 at Stifel
- Solaris Energy price target raised to $86 from $74 at Barclays
- Solaris Energy Infrastructure Signals Profitable Growth Surge
- Solaris Energy Wins Major Long-Term Tech Power Contract