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Solaris Energy Infrastructure
(NYSE:SEI)
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Rating:52Neutral
Price Target:
$59.00
▲(9.20% Upside)
Action:Reiterated
Date:08/10/26
The score is held back primarily by balance-sheet and cash-flow strain (higher leverage and deeply negative free cash flow) and weak technical trend signals. These are partly offset by constructive operating profitability and a positive earnings-call backdrop featuring raised EBITDA guidance, strong sequential execution, and sizable contracted capacity supported by meaningful liquidity.
Positive Factors
Operating profitability & revenue growth
Sustained double-digit top-line growth and high EBITDA/operating margins indicate the core services and equipment mix generate durable operating leverage. Healthy margins and improving operating cash flow versus net income support reinvestment capacity and resilience across multi-quarter industry cycles.
Negative Factors
High leverage & negative free cash flow
A marked step-up in debt and persistently deeply negative free cash flow signal heavy cash consumption from capex, working capital or acquisitions. This raises financing dependence, increases interest and covenant risk, and constrains the company’s ability to self-fund growth or absorb demand shocks over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating profitability & revenue growth
Sustained double-digit top-line growth and high EBITDA/operating margins indicate the core services and equipment mix generate durable operating leverage. Healthy margins and improving operating cash flow versus net income support reinvestment capacity and resilience across multi-quarter industry cycles.
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
$4.73B
Dividend Yield0.8%
Average Volume (3M)2.75M
Price to Earnings (P/E)58.6
Beta (1Y)1.99
Revenue Growth70.52%
EPS Growth70.05%
CountryUS
Employees468
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)1.02
Shares Outstanding65,831,540
10 Day Avg. Volume3,728,360
30 Day Avg. Volume2,747,175
Financial Highlights & Ratios
PEG Ratio1.89
Price to Book (P/B)3.41
Price to Sales (P/S)3.09
P/FCF Ratio-4.40
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
$94.13Price Target Upside74.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)1.07
Revenue Forecast (FY)$854.07M
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:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 02, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, sequential revenue and EBITDA growth, multiple contract expansions, strategic acquisitions (notably GESA), improved liquidity and raised guidance — all clear positives. Management acknowledged industry-wide challenges including grid interconnection delays, some segment-specific revenue softness (Logistics revenue down 10%), forecasting uncertainty in ancillary services, and typical execution risks (permitting, supply chain, skilled labor). On balance the positive growth metrics, contract backlog (2.3 GW contracted), strengthened balance sheet, and accretive M&A materially outweigh the highlighted challenges.Positive Updates
Record Quarter — Revenue and EBITDA Growth
Q2 revenue of ~$219M, up 12% sequentially; adjusted EBITDA of ~$108M, up 30% sequentially (adjusted EBITDA attributable to Solaris excl. noncontrolling interest ~ $111M). Net income $25M; adjusted pro forma net income $37M, or $0.39 per diluted share.
Negative Updates
Logistics Revenue Decline
Logistics segment revenue was ~$61M in Q2, down 10% sequentially due to lower last-mile transportation activity, even though segment adjusted EBITDA rose 7%.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarter — Revenue and EBITDA Growth
Q2 revenue of ~$219M, up 12% sequentially; adjusted EBITDA of ~$108M, up 30% sequentially (adjusted EBITDA attributable to Solaris excl. noncontrolling interest ~ $111M). Net income $25M; adjusted pro forma net income $37M, or $0.39 per diluted share.
Read all positive updates
Company Guidance
Solaris guided third-quarter adjusted EBITDA of $90–$105 million and initial fourth-quarter adjusted EBITDA of $100–$120 million (both excluding potential ancillary services), citing contributions from the GESA acquisition, the Stateline JV ramp and a first location for a third hyperscaler; Q2 results were revenue of ≈$219M (+12% sequential), adjusted EBITDA ≈$108M (+30% sequential; ≈$111M excluding Stateline noncontrolling interest), net income $25M and adjusted pro forma net income $37M ($0.39 per diluted share). Power Solutions averaged ≈950 MW earning revenue (segment revenue ≈$158M, segment adjusted EBITDA ≈$96M), Logistics had revenue ≈$61M and adjusted EBITDA ≈$25M while producing >$20M free cash flow per quarter; liquidity comprises $1.3B senior unsecured notes, a $650M 5‑year revolver, >$800M cash (≈$1.4B total liquidity), credit ratings BB‑/Ba3/BB, a Q3 dividend of $0.12 (32nd consecutive), ~2.3 GW under long‑term contract and ~800 MW open capacity, with additional energizations planned (one in September, another next month) and Hatchbo revenue starting January 2027.Solaris Energy Infrastructure Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
38
Negative
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 762.18M | 622.21M | 313.09M | 292.95M | 320.00M | 159.19M |
| Gross Profit | 309.86M | 285.41M | 80.95M | 78.92M | 69.80M | 16.52M |
| EBITDA | 245.38M | 181.73M | 95.95M | 86.09M | 72.24M | 26.82M |
| Net Income | 54.82M | 30.17M | 15.81M | 24.34M | 21.16M | -868.00K |
Balance Sheet | ||||||
| Total Assets | 4.21B | 2.14B | 1.12B | 468.30M | 462.58M | 406.22M |
| Cash, Cash Equivalents and Short-Term Investments | 824.10M | 353.32M | 114.25M | 5.83M | 8.84M | 36.50M |
| Total Debt | 2.51B | 1.08B | 328.88M | 47.79M | 20.48M | 7.52M |
| Total Liabilities | 3.05B | 1.32B | 456.15M | 152.72M | 145.45M | 108.35M |
| Stockholders Equity | 901.98M | 564.34M | 355.62M | 205.98M | 215.72M | 203.15M |
Cash Flow | ||||||
| Free Cash Flow | -727.80M | -437.65M | -129.05M | 23.87M | -13.41M | -3.17M |
| Operating Cash Flow | 424.71M | 209.10M | 59.37M | 88.26M | 68.00M | 16.47M |
| Investing Cash Flow | -1.30B | -686.36M | -305.03M | -62.00M | -79.54M | -19.52M |
| Financing Cash Flow | 1.63B | 670.70M | 399.70M | -29.26M | -16.12M | -20.82M |
Solaris Energy Infrastructure Technical Analysis
Positive
54.03
Price Trends
66.77
Negative
67.15
Negative
58.96
Positive
Market Momentum
-2.23
Negative
52.52
Neutral
84.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEI, the sentiment is Positive. The current price of 54.03 is below the 20-day moving average (MA) of 56.70, below the 50-day MA of 66.77, and below the 200-day MA of 58.96, indicating a neutral trend. The MACD of -2.23 indicates Negative momentum. The RSI at 52.52 is Neutral, neither overbought nor oversold. The STOCH value of 84.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $5.08B | 14.76 | 32.92% | ― | 3.84% | 75.32% | |
73 Outperform | $2.08B | 14.14 | 20.95% | 1.64% | ― | ― | |
69 Neutral | $2.07B | 103.84 | 1.37% | ― | -7.11% | -70.32% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | $3.04B | -15.24 | -9.76% | ― | 69.84% | -238.39% | |
55 Neutral | $3.52B | 27.99 | 6.08% | 2.02% | 2.29% | -43.28% | |
52 Neutral | $4.73B | 58.62 | 8.08% | 0.89% | 70.52% | 70.05% |
* Energy Sector Average
SEI
Solaris Energy Infrastructure
59.90
32.81
121.07%
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51.35
29.01
129.86%
XPRO
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18.65
8.20
78.47%
DNOW
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16.31
1.42
9.54%
LBRT
Liberty Energy
21.12
10.09
91.43%
FLOC
Flowco Holdings Inc Class A
22.76
6.78
42.45%
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...
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.