Solaris Energy Infrastructure surges to fresh record after equity raise

Solaris Energy Infrastructure

10/12/2024 16:22

**  
  
    
      
    
    
      
    
  
    ** Houston, Texas-based oil and gas equipment firm early
Tues  of 6.5 mln shares at $24.75
  
    ** It plans to use net proceeds of ~$156 mln to fund 
  
    
      
    
  
    ** Prior to offering, Solaris had ~60.6 mln shares
outstanding, and ~28.2 mln shares of public float, per LSEG data
  
     ** With move on Tues, shares have more than doubled since
the Nov 5 election, as President-elect Donald Trump has  to roll
back climate regulations, and open more federal lands and waters
to oil and gas drilling
  
    ** Stock ended 
    2023 at $7.96
  
    ** Santander is lead bookrunner for the equity offering,
joined by Goldman Sachs, Piper Sandler and Wolfe Capital Markets
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))