On September 8, Solaris Energy Infrastructure, Inc. rose 15.64% in regular trading, trading at $63.545 per share, with turnover of approximately $118 million.
On the news front, the company announced a substantial upward revision to its Q3 and Q4 adjusted EBITDA guidance. Specifically, Q3 adjusted EBITDA expectations were raised from the prior range of $90 million to $105 million to $110 million to $130 million, representing an increase of up to over 40%. The company also issued its Q1 adjusted EBITDA outlook, reinforcing market confidence in its earnings trajectory. Meanwhile, the company's Q2 results had already set a positive tone, with adjusted EPS of $0.39 beating the consensus estimate of $0.34 by 14.71%, and revenue of $219.4 million surpassing the $205.4 million estimate, reflecting year-over-year growth of approximately 65.6%.
The guidance raise follows a series of strategic developments, including the completion of a $2 billion financing arrangement, the acquisition of power generation services provider GESA funded with $55 million in cash and approximately 3 million Class A shares, and the company's inclusion in the S&P SmallCap 600 index. Multiple analyst firms maintain buy ratings, with a mean price target of $91.77.
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