SEI: A Potential Triple

Do the Work Now!

Sometimes you hear about a stock and look at the chart and say “Oh man did I miss that one”. This happened to me on SEI, which tripled from $13 in November 2024 to a high of $39 earlier this year. I remembered the company had an innovative sand delivery machine for oil field services which had a recurring revenue nature to it, albeit in a boom or bust industry. That is still true, but it is the old Solaris Energy that solely did sand distribution. The new SEI not only does “sand” but did an acquisition (Sept 2024) of Mobile Energy Services, an innovative gas turbine “electricity as a service” provider for oilfield services AND the data center markets. Good timing huh?