Raymond James upgrades Solaris Energy stock rating on contract visibility

Raymond James upgraded Solaris Energy Infrastructure (NYSE:SEI) to Strong Buy from Outperform, raising its price target to $113 from $102 after a 25% stock decline. The upgrade is based on Solaris Energy having 91% of its 3.5 gigawatt fleet under contract and an increased full deployment EBITDA potential of $1.65 billion, which is $300 million above its previous outlook. The firm believes the stock is undervalued and highlights the durability of its earnings, supported by longer contract tenors and investment-grade counterparties.