Solaris Energy Infrastructure ( (SEI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Solaris Energy Infrastructure’s stock took a hit following the announcement of a public offering of 6.5 million shares of Class A common stock. The offering, priced between $24.25 and $24.75 per share, prompted concerns over share dilution, leading to a significant drop in the stock price. Investors reacted negatively to the potential decrease in market value, resulting in the observed decline.
More about Solaris Energy Infrastructure
YTD Price Performance: 18.78%
Average Trading Volume: 736,231
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.35B
For further insights into SEI stock on TipRanks’ Stock Analysis page.
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