Solaris Energy (SEI) Climbs to All-Time High on Newly Bagged Deal
We recently published 10 Market Beasts Leaving Wall Street in the Dust. Solaris Energy Infrastructure Inc. (NYSE:SEI) was one of the best performers on Friday.
Solaris Energy soared to a new all-time high on Friday as investors took heart from a new partnership with Hatchbo LLC for the supply of power generation equipment for the latter’s AI computing needs.
At intra-day trading, the stock climbed to its highest price of $61.36 before trimming gains to finish the session just up by 10.03 percent at $56.63 apiece.
Energy transmission lines. Photo by Snapwire on Pexels
In a regulatory filing, Solaris Energy Infrastructure Inc. (NYSE:SEI) said that its subsidiary, Solaris Power Solutions, entered into a 10-year rental agreement with Hatchbo for the supply of 500 MW of power generation equipment for its data centers, with the option to tap another five-year extension. The lease contract would begin on January 1, 2027.
In other developments, Solaris Energy Infrastructure Inc. (NYSE:SEI) is set to announce the results of its earnings performance for the full-year and fourth quarter of 2025 before market hours on Wednesday, February 25.
For the fourth quarter, Solaris Energy Infrastructure Inc. (NYSE:SEI) is targeting total adjusted EBITDA of $65 million to $70 million, up from the prior guidance of $58 million to $63 million.
While we acknowledge the potential of SEI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.