Gold prices hold losses as US-EU trade deal eases safe‑haven demand
HOUSTON—William A. Zartler, Chairman and CEO of Solaris Energy Infrastructure, Inc. (NYSE:SEI), recently acquired 10,000 shares of the company’s Class A common stock. The shares were purchased on March 7 at a price of $23.23 each, amounting to a total investment of $232,300. The purchase comes as the stock has experienced a significant 28% decline over the past week, according to InvestingPro data.
Following this transaction, Zartler holds 1,029,227 shares of Class A common stock directly. This figure includes 450,381 shares from previously granted Restricted Stock Awards that are still subject to vesting.
In addition to his direct holdings, Zartler has an indirect interest in 3,513,496 shares of Class B common stock through Solaris Energy Capital, where he serves as the sole member with authority over voting and disposal of the shares. Each Class B share carries a voting right but no economic rights.
Zartler’s transactions underscore his significant stake and leadership position within the company, which specializes in oil and gas field machinery and equipment.
In other recent news, Solaris Energy Infrastructure has seen several important developments. The company reported strong fourth-quarter performance in 2024, with substantial incremental orders for its Power Generation (HM:PGV) assets. Solaris Energy secured a significant six-year contract to supply a minimum of 500 megawatts of power to a major data center client, alongside finalizing a joint venture with this customer. Stifel analysts have increased their price target for Solaris Energy shares from $42 to $48, maintaining a Buy rating, while Piper Sandler raised its target to $50 and maintained an Overweight rating. The adjustments reflect the company’s expansion and contract developments, including the doubling of its fleet size to 1.4 gigawatts and a 500MW data center contract.
Additionally, Solaris Energy announced a change in its executive leadership. Kelly Price, the Chief Operating Officer, retired at the end of 2024, and CEO William A. Zartler has assumed the role of principal operating officer. This transition was disclosed in a regulatory filing with the U.S. Securities and Exchange Commission. Meanwhile, analysts from Stifel have expressed a positive outlook on Solaris Energy’s growth potential, suggesting a robust trajectory for the company’s stock based on its recent achievements and strategic moves.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.