Reports Q2 revenue $149M, consensus $123.67M. “Solaris delivered another quarter of strong results as we continue to execute on our strategy of growing our Power Solutions segment while generating substantial free cash flow in our Logistics Solutions segment,” commented Bill Zartler, Solaris’ Chairman and Chief Executive Officer. “In the second quarter, we continued to expand our power fleet, meaningfully accelerated power delivery on our initial data center project, welcomed new customers, and began installing critical emissions control equipment to support multi-year contracts. I’m pleased with the performance this year from a financial, operational and commercial perspective. The prospects for continued growth in our Power Solutions segment look strong as we continue to develop our business and asset base.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEI:
- Solaris Energy price target lowered to $38 from $39 at Raymond James
- Solaris Energy price target lowered to $39 from $42 at Barclays
- Solaris Energy price target lowered to $41 from $45 at Stifel
- McDonald’s downgraded, Oracle upgraded: Wall Street’s top analyst calls
- Solaris Energy initiated with an Outperform at Raymond James