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Solaris Energy Infrastructure
(NYSE:SEI)
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Rating:53Neutral
Price Target:
$52.00
▼(-3.76% Downside)
Action:Reiterated
Date:07/07/26
The score is held back primarily by financial quality concerns—high leverage and materially negative free cash flow despite solid operating performance—along with a weak near-term technical trend and expensive valuation (high P/E, low yield). Offsetting these are a growth-positive earnings call with raised EBITDA guidance and substantial long-term contracted capacity, plus corporate actions that support scaling, though they reinforce the need for ongoing financing and execution.
Positive Factors
Multi‑year contracted capacity
Multi‑year contracts exceeding 2 GW with 10–15 year terms create durable revenue and cash‑flow visibility versus spot wellsite cycles. Long-duration customer commitments support planning, capacity deployment and financing underpinned by predictable fee streams if the company executes energization schedules.
Negative Factors
Elevated leverage
Substantial debt increases tilt the capital structure toward leverage, reducing financial flexibility and heightening covenant and refinancing risk. High leverage limits the company’s ability to absorb operational setbacks and constrains options for funding growth without incurring additional financing costs or dilutive measures.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi‑year contracted capacity
Multi‑year contracts exceeding 2 GW with 10–15 year terms create durable revenue and cash‑flow visibility versus spot wellsite cycles. Long-duration customer commitments support planning, capacity deployment and financing underpinned by predictable fee streams if the company executes energization schedules.
Read all positive factors
Solaris Energy Infrastructure Key Performance Indicators (KPIs)
Any
Revenue by Segment
Tracks top-line sales across the company’s business segments (for example generation, storage, services, or project development), showing where growth is coming from and where the business is concentrated. Useful for assessing diversification, market reach, and whether management is successfully shifting mix toward higher-growth or more predictable businesses.
Tracks top-line sales across the company’s business segments (for example generation, storage, services, or project development), showing where growth is coming from and where the business is concentrated. Useful for assessing diversification, market reach, and whether management is successfully shifting mix toward higher-growth or more predictable businesses.
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The Fly
The FlySolaris Energy Infrastructure (SEI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.77B
Dividend Yield0.93%
Average Volume (3M)2.75M
Price to Earnings (P/E)52.4
Beta (1Y)1.99
Revenue Growth86.29%
EPS Growth96.31%
CountryUS
Employees468
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.98
Shares Outstanding58,402,336
10 Day Avg. Volume3,728,360
30 Day Avg. Volume2,747,175
Financial Highlights & Ratios
PEG Ratio1.89
Price to Book (P/B)3.72
Price to Sales (P/S)3.38
P/FCF Ratio-4.80
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$96.83Price Target Upside79.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.3
Revenue Forecast (FY)$841.96M
Solaris Energy Infrastructure Business Overview & Revenue Model
Company Description
Headquartered in Houston, Texas, and established in 2014, Solaris Energy Infrastructure, Inc. (which adopted its current name in September 2024, previously known as Solaris Oilfield Infrastructure, Inc.) serves the United States' oil and natural g...
How the Company Makes Money
SEI makes money by contracting with upstream oil and gas producers and service companies to provide wellsite logistics and infrastructure services that support drilling and hydraulic fracturing operations. Revenue is primarily generated from (i) s...
Solaris Energy Infrastructure Earnings Call Summary
Earnings Call Date:Apr 27, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call emphasizes strong commercial momentum, material sequential and year-over-year profitability gains, sizeable recent contract wins and strategic acquisitions that expand capacity to ~3.1 GW. Management raised near-term guidance and outlined a path to much larger pro forma adjusted EBITDA driven by integrated "molecule-to-electron" projects. Offsetting risks include supply chain and lead-time constraints, the need for significant additional capital, contract timing variability and customer concentration. Overall, the narrative is growth-oriented and confident but acknowledges meaningful operational and financing execution risks going forward.Positive Updates
Revenue and Adjusted EBITDA Growth
Generated revenue of $196 million and adjusted EBITDA of $84 million in Q1 2026, representing a 22% sequential increase and a 79% year-over-year increase in adjusted EBITDA.
Negative Updates
Supply Constraints and Lead-Time Risk
Demand for Solaris solutions continues to outpace committed and on-order capacity; turbines and SCRs remain long-lead items and some turbine deliveries are staged across 2026–2029, creating near-term supply and scheduling risk.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Adjusted EBITDA Growth
Generated revenue of $196 million and adjusted EBITDA of $84 million in Q1 2026, representing a 22% sequential increase and a 79% year-over-year increase in adjusted EBITDA.
Read all positive updates
Company Guidance
Solaris updated near‑term earnings guidance and long‑term outlook with several concrete metrics: Q1 revenue was $196 million with adjusted EBITDA of $84 million (up 22% sequentially and 79% year‑over‑year), Power Solutions operated >900 MW in the quarter with power adjusted EBITDA of $72 million (up >30% sequential) and Logistics averaged 104 systems with segment adjusted EBITDA of ~ $23 million (up 2% QoQ); management raised Q2 adjusted EBITDA guidance by 10% to $83–$93 million and provided initial Q3 guidance of $80–$95 million (noting Stateline timing shifts), affirmed over 2 GW of long‑term contracted capacity with terms of 10–15 years and ~3.1 GW of secured generation capacity company‑wide, highlighted a pro‑forma scenario where adjusted EBITDA could exceed $1 billion annually with all 3,100 MW operating, noted $160–$200 million of potential incremental EBITDA tied to $800M–$1B of additional CapEx with good line‑of‑sight, closed a $300 million credit facility (with up to $200 million incremental borrowing capacity) and has >$1 billion of identified capital to deploy in 2026–2027; recent supply actions added ~900 MW (400 MW from Genco, ~500 MW via 30 turbine slots) and the most recent >600 MW contract is expected to begin energization ramping in late 2026.Solaris Energy Infrastructure Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
48
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 692.11M | 622.21M | 313.09M | 292.95M | 320.00M | 159.19M |
| Gross Profit | 235.28M | 285.41M | 80.95M | 78.92M | 69.80M | 16.52M |
| EBITDA | 212.91M | 181.73M | 95.95M | 86.09M | 72.24M | 26.82M |
| Net Income | 46.29M | 30.17M | 15.81M | 24.34M | 21.16M | -868.00K |
Balance Sheet | ||||||
| Total Assets | 3.00B | 2.14B | 1.12B | 468.30M | 462.58M | 406.22M |
| Cash, Cash Equivalents and Short-Term Investments | 344.47M | 353.32M | 114.25M | 5.83M | 8.84M | 36.50M |
| Total Debt | 1.62B | 1.08B | 328.88M | 47.79M | 20.48M | 7.52M |
| Total Liabilities | 1.89B | 1.32B | 456.15M | 152.72M | 145.45M | 108.35M |
| Stockholders Equity | 781.07M | 564.34M | 355.62M | 205.98M | 215.72M | 203.15M |
Cash Flow | ||||||
| Free Cash Flow | -583.39M | -437.65M | -129.05M | 23.87M | -13.41M | -3.17M |
| Operating Cash Flow | 262.40M | 209.10M | 59.37M | 88.26M | 68.00M | 16.47M |
| Investing Cash Flow | -996.59M | -686.36M | -305.03M | -62.00M | -79.54M | -19.52M |
| Financing Cash Flow | 1.06B | 670.70M | 399.70M | -29.26M | -16.12M | -20.82M |
Solaris Energy Infrastructure Technical Analysis
Negative
54.03
Price Trends
68.95
Negative
67.20
Negative
58.67
Negative
Market Momentum
-3.88
Positive
33.14
Neutral
20.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEI, the sentiment is Negative. The current price of 54.03 is below the 20-day moving average (MA) of 60.68, below the 50-day MA of 68.95, and below the 200-day MA of 58.67, indicating a bearish trend. The MACD of -3.88 indicates Positive momentum. The RSI at 33.14 is Neutral, neither overbought nor oversold. The STOCH value of 20.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SEI.
Solaris Energy Infrastructure Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.74B | 14.02 | 32.92% | ― | 3.84% | 75.32% | |
71 Outperform | $1.78B | 13.37 | 15.71% | 1.64% | ― | ― | |
69 Neutral | $1.71B | 88.81 | 1.37% | ― | -7.11% | -70.32% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | $2.93B | 24.80 | 6.08% | 2.02% | 2.29% | -43.28% | |
53 Neutral | $3.77B | 52.36 | 8.08% | 0.89% | 86.29% | 96.31% | |
50 Neutral | $2.51B | -19.61 | -8.39% | ― | 41.30% | -195.62% |
* Energy Sector Average
SEI
Solaris Energy Infrastructure
51.41
21.70
73.05%
OII
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48.78
27.61
130.42%
XPRO
Expro Group Holdings
15.95
5.42
51.47%
DNOW
Now
14.12
-0.62
-4.21%
LBRT
Liberty Energy
18.71
7.31
64.18%
FLOC
Flowco Holdings Inc Class A
20.45
3.55
21.00%
Solaris Energy Infrastructure Corporate Events
Business Operations and StrategyM&A Transactions
Solaris Energy expands services with strategic GESA acquisition
Positive
Jul 6, 2026
On July 1, 2026, Solaris Energy Infrastructure completed the acquisition of Global Energy Services Alliance, a full-cycle power generation service provider formed from Baseload Power and Pro-Per Energy Services. The deal, announced publicly on Jul...
Executive/Board ChangesShareholder Meetings
Solaris Shareholders Endorse Directors, Auditors and Executive Pay
Positive
May 19, 2026
At its Annual Meeting of Stockholders held on May 15, 2026, Solaris Energy Infrastructure, Inc. reported that stockholders elected three Class III directors—Edgar R. Giesinger, A. James Teague and William A. Zartler—to serve on the boa...
Business Operations and StrategyPrivate Placements and Financing
Solaris Energy Infrastructure Completes Major Debt Refinancing Transactions
Positive
May 12, 2026
On May 12, 2026, Solaris Energy Infrastructure, LLC issued $1.3 billion of 6.375% senior notes due 2031 at par in a private placement, generating approximately $1.276 billion in net proceeds used in part to repay outstanding borrowings, with the r...
Business Operations and StrategyPrivate Placements and Financing
Solaris Energy Issues Senior Notes to Refinance Debt
Positive
May 6, 2026
On May 5, 2026, Solaris Energy Infrastructure, Inc. and its subsidiary Solaris Energy Infrastructure, LLC entered into a purchase agreement to sell $1.3 billion of 6.375% Senior Notes due May 15, 2031 in a private placement under Rule 144A and Reg...
Business Operations and StrategyPrivate Placements and Financing
Solaris Energy Plans $1.3 Billion Senior Notes Offering
Positive
May 5, 2026
On May 5, 2026, Solaris Energy Infrastructure, Inc. announced that its subsidiary intends to privately offer $1.3 billion of Senior Notes due 2031, with proceeds earmarked to repay existing borrowings, cover related fees and support general corpor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.