Piper Sandler reiterates Overweight rating on SEI Investments, $129 price target

Solaris Energy Infrastructure Inc. shares dropped 14.42% to $59.36, reducing its market value to $3.9B, amid a broader sell-off in AI-related stocks. The decline is part of a wider market retreat due to concerns over AI spending and uncertain returns. Solaris, a data center power infrastructure provider, has seen strong gains but faces high valuations and growing debt. The company is set to report Q3 results on Nov. 4.

SEI reported a 14% revenue increase and 24% operating income growth in Q3 2026. Diluted EPS rose 6%, with adjusted EPS up 24%. The company boosted its share buyback authorization by $800M, totaling $926M. Net sales events reached $157.4M, with strong performances in Investment Managers and Private Banks.

Solaris Energy Infrastructure raised $1.25B via 7% Senior Notes due 2032 for general purposes and growth capex. It also expanded its revolving credit facility to $850M, increasing liquidity and operational flexibility. Both actions were effective October 1, 2026, according to the company's SEC filing.

Solaris Energy Infrastructure plans to issue $1.0B in private senior notes due 2032. Proceeds will fund growth, capital expenditures, and general corporate purposes. The notes are senior unsecured and guaranteed by Solaris and certain subsidiaries, with a preliminary offering memorandum filed on September 22, 2026.

Solaris Energy Infrastructure (NYSE:SEI) plans to offer $1B in senior notes due 2032. Proceeds will fund corporate purposes, growth, and offering fees. Notes are guaranteed by SEI and its subsidiaries, offered to institutional buyers under Rule 144A and Regulation S.

Solaris Energy Infrastructure (SEI) stock rose 8.4% after Needham raised its price target to $104 from $98, maintaining a Buy rating. The company's shares have seen high volatility, with a 31.8% gain year-to-date but still 20.1% below its 52-week high. Higher crude oil prices have supported energy sector performance.