SEI
Solaris Energy Infrastructure, Inc.
Next earnings Jul 21, 2026 · consensus $0.36 EPS, $207M rev
Last earnings -2.5% on 2026-04-27
$67.19
▼ -15.24%$67.19▲ +134.20%
over 1Y
L $24.67H $82.88
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-15.2%
1W-15.4%
1M-6.6%
3M+20.6%
YTD+34.2%
1Y+134.2%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 18 analysts
Buy
AI-data-center power play growing explosively (revenue +98.7%, 500MW hyperscaler deal) but thin GAAP earnings and heavy capex make it speculative.
Revenue $622M · FY2025
The read
The fundamentals carry the rating, but the price is rich (~16% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Solaris Energy Infrastructure has pivoted from oilfield logistics into distributed power generation, and the growth is striking. FY2025 revenue nearly doubled (+98.7%) to $622M and operating income jumped 156.3% to $135M, driven by the Solaris Power Solutions segment, which contributed 54% of revenue and 68% of segment Adjusted EBITDA for the year — and 58%/70% in Q4 as it accelerated. The headline catalyst is a February 2026 Master Equipment Rental Agreement to supply over 500 megawatts of power to an investment-grade global technology leader for AI data-center computing — a marquee, creditworthy anchor for the power thesis.
The company is investing aggressively to capture this demand: capital expenditures surged 243.3% to $647M, total assets grew 89.6% to $2.14B, and it refinanced via $747.5M of 0.25% convertible senior notes due 2031 (incurring a $41.5M debt-extinguishment loss in Q4) plus an expanded Stateline term loan. Operating cash flow rose 252.2% to $209M and cash more than tripled to $353M, so the build-out is partly self-funding, but liabilities ballooned 183.8% and leverage rose to 2.33x.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:53 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $159M | $320M | $293M | $313M | $622M |
| Gross profit | — | — | — | — | — |
| Operating income | -$387K | $41.8M | $49.9M | $52.8M | $135M |
| Net income | -$868K | $21.2M | $24.3M | $15.8M | $30.2M |
| Diluted EPS | — | — | — | — | — |
| Net margin | -0.5% | 6.6% | 8.3% | 5.0% | 4.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.11B
EV / EBITDA27.8
EV / Sales9.8
EV / FCF—
P / FCF—
PEG (trailing)0.47
Earnings yield0.5%
FCF yield-7.0%
Quality & risk
ROIC (est.)14.3%
Free cash flow-$438M
Total debt$184M
Net cash$169M
Altman Z-Score3.56 safe
Piotroski F-Score6/8
Capital returns
Buyback yield0.0%
Dividend yield (est.)0.3%
Shareholder yield0.3%
Shares Δ YoY+111.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — agreement terminated (2026-05-12). Worth a closer look.
Recent filings
all on EDGAR ↗4Period ending 2026-06-012026-06-02open ↗8-KPeriod ending 2026-05-152026-05-19open ↗SCHEDULE 13G/AFiling2026-05-15open ↗4Period ending 2026-05-122026-05-13open ↗4Period ending 2026-05-132026-05-13open ↗8-KPeriod ending 2026-05-122026-05-12open ↗4Period ending 2026-05-112026-05-12open ↗4Period ending 2026-05-082026-05-11open ↗4Period ending 2026-05-082026-05-11open ↗144Filing2026-05-08open ↗4Period ending 2026-05-062026-05-07open ↗8-KPeriod ending 2026-05-052026-05-06open ↗
Frequently asked
- Is Solaris Energy Infrastructure, Inc. (SEI) a buy?
- SEI currently carries a Buy rating with 2/5 conviction, derived from its latest SEC filings. AI-data-center power play growing explosively (revenue +98.7%, 500MW hyperscaler deal) but thin GAAP earnings and heavy capex make it speculative.
- What is SEI's fair value?
- A Modified-Graham model based on SEI's SEC fundamentals estimates a fair value of about $56.42. It is an estimate from reported earnings, not a price target.
- Is SEI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SEI currently appears overvalued relative to its SEC-grounded earnings power.
- What is Solaris Energy Infrastructure, Inc.'s quality score?
- SEI scores 65.68395772435326/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001697500, latest 10-Q filed 2026-05-01) · EODHD · Proprietary analysis · as of 6/21/2026, 8:53:43 PM.
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