Solaris Energy up after raising quarterly forecasts
SEI•Shares rise after higher quarterly forecasts
- Shares of oil and gas infrastructure firm Solaris Energy SEI.N rise 7.2% to $59 premarket
- SEI raises Q4 adj. EBITDA to between $145 mln and $180 mln, up from prior range of $100 mln-$120 mln
- Co now sees Q3 adj. EBITDA of $110 mln-$130 mln, compared with its prior range of $90 mln-$105 mln
Forecast lifted on stronger core power services and acquisitions
Co says forecast lifted due to stronger contributions from core power services and better-than-expected performance from its recently acquired businesses
All 16 brokerages rate the stock "buy" or higher; median PT is $90
As of last close, stock up 19.6% YTD
