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Solaris Energy Infrastructure, Inc. (SEI) Moves 8.9% Higher: Will This Strength Last?
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Solaris Energy Infrastructure, Inc. (SEI - Free Report) shares rallied 8.9% in the last trading session to close at $36.23. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 22.5% gain over the past four weeks.
The surge can be attributed to an increased demand for Solaris’ scalable equipment-based solutions for distributed power generation and logistics services for the oil and gas industry. Solaris operates via two segments, Solaris Power Solutions and Solaris Logistics Solutions. Solaris Power Solutions mainly offers natural gas-powered mobile turbines and ancillary equipment that can cater to a variety of industries, including data centers, oil and gas, and other commercial end-markets. Growth in artificial intelligence, cloud computing, and data center expansion is fueling demand for SEI’s advanced power solutions that ensure an uninterrupted and reliable power supply. Additionally, the company is also involved in raw material management for well completion in the oil and gas industry. As the global demand for oil and gas is expected to rise, these services will see sustained demand, contributing to the company’s bottom line.
This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of +200%. Revenues are expected to be $142.75 million, up 90.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Solaris Energy Infrastructure, Inc., the consensus EPS estimate for the quarter has been revised 2.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SEI going forward to see if this recent jump can turn into more strength down the road.
Solaris Energy Infrastructure, Inc. is a member of the Zacks Oil and Gas - Mechanical and and Equipment industry. One other stock in the same industry, Oil States International (OIS - Free Report) , finished the last trading session 3% higher at $5.88. OIS has returned 13.3% over the past month.
Oil States International's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.11. Compared to the company's year-ago EPS, this represents a change of +175%. Oil States International currently boasts a Zacks Rank of #3 (Hold).
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Solaris Energy Infrastructure, Inc. (SEI) Moves 8.9% Higher: Will This Strength Last?
Solaris Energy Infrastructure, Inc. (SEI - Free Report) shares rallied 8.9% in the last trading session to close at $36.23. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 22.5% gain over the past four weeks.
The surge can be attributed to an increased demand for Solaris’ scalable equipment-based solutions for distributed power generation and logistics services for the oil and gas industry. Solaris operates via two segments, Solaris Power Solutions and Solaris Logistics Solutions. Solaris Power Solutions mainly offers natural gas-powered mobile turbines and ancillary equipment that can cater to a variety of industries, including data centers, oil and gas, and other commercial end-markets. Growth in artificial intelligence, cloud computing, and data center expansion is fueling demand for SEI’s advanced power solutions that ensure an uninterrupted and reliable power supply. Additionally, the company is also involved in raw material management for well completion in the oil and gas industry. As the global demand for oil and gas is expected to rise, these services will see sustained demand, contributing to the company’s bottom line.
This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of +200%. Revenues are expected to be $142.75 million, up 90.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Solaris Energy Infrastructure, Inc., the consensus EPS estimate for the quarter has been revised 2.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SEI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Solaris Energy Infrastructure, Inc. is a member of the Zacks Oil and Gas - Mechanical and and Equipment industry. One other stock in the same industry, Oil States International (OIS - Free Report) , finished the last trading session 3% higher at $5.88. OIS has returned 13.3% over the past month.
Oil States International's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.11. Compared to the company's year-ago EPS, this represents a change of +175%. Oil States International currently boasts a Zacks Rank of #3 (Hold).