Solaris Energy Infrastructure, SM Energy, and Chord Energy Shares Are Soaring, What You Need To Know

Shares of Solaris Energy Infrastructure (NYSE: SEI), SM Energy (NYSE: SM), and Chord Energy (NASDAQ: CHRD) rose significantly following news that Iran would not extend a 60-day memorandum of understanding with the United States regarding a nuclear deal, potentially impacting oil supply through the Strait of Hormuz. Energy stocks rebounded due to the prospect of scarcer and more expensive oil. SM Energy, in particular, saw a 4% jump, setting a new 52-week high amid high market volatility and geopolitical tensions.