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In a recent transaction filed with the SEC, Argo Laurie H, a director at Solaris Energy Infrastructure, Inc. (NASDAQ:SEI), purchased 4,000 shares of Class A Common Stock. According to InvestingPro data, SEI currently trades at $24.30, up from the director’s purchase price, despite a significant 22% decline over the past week. The shares were acquired on March 11, 2025, at a price of $22.43 per share, totaling $89,720. Following this transaction, Laurie H holds a total of 46,064 shares, which includes 13,225 shares subject to previously granted Restricted Stock Awards that remain subject to vesting. The acquisition was made through direct ownership. The company, currently valued at $1.65 billion, appears overvalued according to InvestingPro analysis, which identifies 14 additional investment tips available to subscribers.
In other recent news, Solaris Energy Infrastructure reported notable developments across several areas. The company secured a significant six-year contract to supply 500 megawatts of power to a major data center, expected to generate substantial returns. Additionally, Solaris Energy expanded its fleet size to 1.4 gigawatts by ordering an additional 700 megawatts. In terms of leadership, Solaris announced the retirement of Chief Operating Officer Kelly Price, with CEO William A. Zartler assuming the principal operating officer role.
Analyst firms have reacted positively to these developments. Piper Sandler raised its price target for Solaris Energy to $50, citing the company’s expansion and strategic focus on permanent power solutions. Stifel also increased its price target to $48, maintaining a Buy rating and expressing optimism about Solaris Energy’s growth potential. The analysts highlighted the company’s joint venture and long-term contract as key factors in their revised forecasts. These updates reflect a strong outlook for Solaris Energy’s future within the power sector.
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