10 Unstoppable Stocks That Could Double Your Money

7. Solaris Energy Infrastructure Inc. (NYSE:SEI)

1-Year Return: 170%

Upside Potential: 111%

Number of Hedge Fund Holders: 26

Solaris Energy Infrastructure Inc. (NYSE:SEI) is an energy infrastructure company that provides proppant logistics and last-mile delivery solutions to the North American oil and gas industry. Its integrated systems automate and optimise the supply chain of frac sand, a key material used in hydraulic fracturing.

On February 25, an analyst from Janney Montgomery Scott (JMS) initiated coverage on Solaris Energy Infrastructure Inc. (NYSE:SEI) with a Buy rating and a $57 price target. The analyst noted that following its mid-2024 acquisition of Mobile Energy Rentals LLC, the company now operates a mobile natural gas-fired turbine fleet and is actively expanding to meet growing energy demand. In addition to its Q4 earnings result, Solaris announced its plans to develop a joint venture partnership with its key data center client. Through this collaborative venture Solaris will lease 500 MW of power capacity to support a major data center project. Complete details of the agreement remain undisclosed, but analysts point out that Solaris can gain multiple strategic advantages.

A day before JMS analyst, a Stifel analyst increased his price target to $48 from $42 while maintaining a Buy rating, citing the company’s solid Q4 results. The analyst pointed out that the company has secured significant new orders for its Power Generation assets and signed a long-term contract that exceeds six years, to supply at least 500MW of power to a big data center customer. The analyst remains optimistic about Solaris’ growth potential in the Power segment and has raised estimates accordingly.

Solaris Energy shares have rallied a solid 170% over the last year.