Why These Energy Stocks Are Gaining This Week

1. Solaris Energy Infrastructure, Inc. (NYSE:SEI)

Share Price Gains Between Feb. 14 – Feb. 24: 20.06%

Solaris Energy Infrastructure, Inc. (NYSE:SEI) designs and manufactures specialized equipment for oil and natural gas operators in the United States.

Solaris Energy Infrastructure, Inc. (NYSE:SEI) recently posted solid Q4 2024 results with total revenue of $96 million, reflecting a 28% increase from the prior quarter due to a full quarter contribution from Solaris Power Solutions as well as continued activity growth in Power. The company continues to expand as it also announced a strategic long-term partnership with one of its current customers that includes a contract for a minimum of approximately 500 megawatts, with an initial term of six years for a new data center. Solaris also declared a quarterly dividend of $0.12 per share, representing its 26th consecutive dividend and, combined with share repurchases, will result in a total of $198 million cumulatively returned to shareholders since 2018.

Overall, Solaris Energy Infrastructure, Inc. (NYSE:SEI) ranks first on our list of the energy stocks that are gaining this week. While we acknowledge the potential for SEI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SEI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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