olivLaw · US equity research
Solaris Energy Infrastructure, Inc. SEI
Oil & Gas Field Machinery & Equipment · SIC 3533 · Vertical: Oil & Gas Field Machinery & Equipment (SIC 3533)
Solaris Energy Infrastructure provides modular power generation, control and distribution equipment for data centers and other customers, alongside equipment for managing materials in oil and gas well completions. Its shift toward power infrastructure, which generated revenue of 333.5 million USD in fiscal 2025, positions it around the electricity demand created by artificial intelligence.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Solaris Energy Infrastructure, Inc. (SEI) stock was 57.64 USD (−16.91% on the day), with P/E 36.3 on diluted EPS of 1.59 USD over the last 12 months, dividend yield 0.83%, beta 2.42, 52-week range 40.64–82.88 USD. Latest reported quarter (Q2 2026): revenue of 219.4 m USD (+46.9% YoY), net income of 20.5 m USD (+71.4% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 41.1
- weak (30–45)
- Bollinger (20, 2)
- 55.42 – 79.42
- in the lower half of the band · %B 0.09 · band width 35.6%
- SMA 50 / 200
- 65.66 / 63.60
- mixed trend
- MACD (12, 26, 9)
- -0.90 / -0.36
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −22.9% | −1.1% | −21.8 pp | — |
| 3 months | +3.7% | −0.5% | +4.2 pp | — |
| 6 months | −25.6% | +4.4% | −30.0 pp | — |
| Year to date | +25.4% | +12.3% | +13.1 pp | — |
| 1 year | +7.3% | +13.5% | −6.2 pp | +15.0% |
| 3 years | +519.1% | +76.4% | +442.7 pp | +23.8% |
| 5 years | +588.6% | +63.7% | +525.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 75.0 m | 96.3 m | 126.3 m | 149.3 m | 166.8 m | 179.7 m | 196.2 m | 219.4 m |
| Cost of revenue | 46.9 m | — | — | — | — | — | — | — |
| SG&A | 8.8 m | 10.6 m | 15.3 m | 14.9 m | 15.5 m | 15.9 m | 20.9 m | 30.0 m |
| Operating income | 5.3 m | 25.7 m | 22.1 m | 35.6 m | 37.9 m | 39.8 m | 50.6 m | 56.5 m |
| Depreciation & amortisation | 11.0 m | 16.7 m | 20.1 m | 18.4 m ≈ | 22.4 m ≈ | 23.5 m | 24.8 m | 39.5 m ≈ |
| Interest expense | — | — | 6.2 m | 7.0 m | — | — | 4.8 m | 16.9 m |
| Pre-tax income | -1.8 m | 18.3 m | 16.9 m | 30.1 m | 28.9 m | -2.8 m | 47.3 m | 30.2 m |
| Income tax | 460.0 k | 4.3 m | 3.9 m | 6.0 m | 4.1 m | 743.0 k | 15.2 m | 5.0 m |
| Net income | -968.0 k | 6.3 m | 5.3 m | 12.0 m | 14.6 m | -1.7 m | 21.4 m | 20.5 m |
| Operating cash flow | 10.5 m ≈ | 13.1 m | 25.7 m | 24.2 m ≈ | 63.3 m ≈ | 95.9 m | 79.0 m | 186.5 m ≈ |
| Capex | 57.7 m ≈ | 126.7 m | 144.3 m | 185.1 m ≈ | 62.8 m ≈ | 254.5 m | 343.4 m | 491.8 m ≈ |
| Dividends paid | 3.7 m | 3.7 m | 4.7 m | 4.9 m | 5.8 m | 6.4 m | 6.9 m | 7.5 m |
| Share repurchases | 0 ≈ | 0 | — | — | — | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 7.6, median 29.5, max 52.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | ⚠ 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 197.2 m | 241.7 m | 103.0 m | 159.2 m | 320.0 m | 292.9 m | 313.1 m | 622.2 m |
| Revenue YoY | +192.6% | +22.6% | — | +54.6% | +101.0% | −8.5% | +6.9% | +98.7% |
| Net income | 42.4 m | 52.0 m | -29.3 m | -868.0 k | 21.2 m | 24.3 m | 15.8 m | 30.2 m |
| Net income YoY | unavailable | +22.6% | — | unavailable | unavailable | +15.0% | −35.0% | +90.8% |
| Diluted EPS | 1.59 | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | — | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 21.5% | 21.5% | -28.5% | -0.5% | 6.6% | 8.3% | 5.0% | 4.8% |
| Free cash flow | -44.7 m | 80.0 m | 39.2 m | -3.2 m | -13.4 m | 25.0 m | -129.1 m | -437.7 m |
The series breaks before 2020: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 353.3 m USD
- Financial debt
- 184.0 m USD
- Net debt
- -169.3 m USD
- Equity
- 827.3 m USD
- Total assets
- 2.1 bn USD
- Debt / equity
- 0.22x
- Current ratio
- 2.96x
- ROE
- 4.0%
- ROA
- 1.8%
- FCF margin
- -70.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 103.0 m | 159.2 m | 320.0 m | 292.9 m | 313.1 m | 622.2 m | SEC (XBRL)· 27 Feb 2026verified |
| Cost of revenue | 65.8 m | 115.5 m | 219.8 m | 177.8 m | — | — | SEC (XBRL)· 27 Feb 2024verified |
| Gross profit | 37.2 m ≈ | 43.7 m ≈ | 100.2 m ≈ | 115.1 m ≈ | — | — | SEC (XBRL)· 27 Feb 2024derived |
| Research & development | 0 | — | — | — | — | — | SEC (XBRL)· 23 Feb 2021verified |
| SG&A | 16.5 m | 19.3 m | 23.1 m | 27.0 m | 35.6 m | 61.7 m | SEC (XBRL)· 27 Feb 2026verified |
| Operating income | -59.9 m | -387.0 k | 41.8 m | 49.9 m | 52.8 m | 135.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Depreciation & amortisation | 27.0 m | 27.2 m | 30.4 m | 36.2 m | 47.2 m | 84.3 m | SEC (XBRL)· 27 Feb 2026verified |
| EBITDA | -32.9 m ≈ | 26.8 m ≈ | 72.2 m ≈ | 86.1 m ≈ | 100.0 m ≈ | 219.7 m ≈ | SEC (XBRL)· 27 Feb 2026derived |
| Interest expense | — | — | — | 3.5 m | 13.3 m | 27.6 m | SEC (XBRL)· 27 Feb 2026verified |
| Pre-tax income | -60.1 m | -634.0 k | 41.3 m | 46.6 m | 36.9 m | 73.1 m | SEC (XBRL)· 27 Feb 2026verified |
| Income tax | -9.0 m | 626.0 k | 7.8 m | 7.8 m | 8.0 m | 14.7 m | SEC (XBRL)· 27 Feb 2026verified |
| Net income | -29.3 m | -868.0 k | 21.2 m | 24.3 m | 15.8 m | 30.2 m | SEC (XBRL)· 27 Feb 2026verified |
| Dividend per share | 0.42 | 0.42 | 0.42 | 0.45 | 0.48 | 0.48 | SEC (XBRL)· 27 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 60.4 m | 36.5 m | 8.8 m | 5.8 m | 114.3 m | 353.3 m | SEC (XBRL)· 27 Feb 2026verified |
| Receivables | 18.2 m | 29.5 m | 64.5 m | — | 71.8 m | 103.1 m | SEC (XBRL)· 27 Feb 2026verified |
| Inventories | 954.0 k | 1.7 m | 5.3 m | 6.7 m | 10.9 m | 14.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Current assets | 81.7 m | 81.1 m | 88.7 m | 67.1 m | 251.0 m | 483.0 m | SEC (XBRL)· 27 Feb 2026verified |
| Goodwill | 13.0 m | 13.0 m | 13.0 m | 13.0 m | 104.0 m | 105.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Intangibles (excl. goodwill) | 3.0 m | 2.2 m | 1.4 m | 702.0 k | 71.5 m | 59.8 m | SEC (XBRL)· 27 Feb 2026verified |
| Total assets | 411.9 m | 406.2 m | 462.6 m | 468.3 m | 1.1 bn | 2.1 bn | SEC (XBRL)· 27 Feb 2026verified |
| Accounts payable | 6.9 m | 9.9 m | 25.9 m | 12.7 m | 21.1 m | 77.5 m | SEC (XBRL)· 27 Feb 2026verified |
| Short-term debt | — | — | — | — | 8.1 m | 4.0 m | SEC (XBRL)· 27 Feb 2026verified |
| Long-term debt | — | — | — | 30.0 m | 307.6 m | 180.0 m | SEC (XBRL)· 27 Feb 2026verified |
| Current liabilities | 20.2 m | 29.3 m | 55.9 m | 37.2 m | 65.5 m | 163.3 m | SEC (XBRL)· 27 Feb 2026verified |
| Total liabilities | 96.4 m | 108.3 m | 145.4 m | 152.7 m | 463.7 m | 1.3 bn | SEC (XBRL)· 27 Feb 2026verified |
| Equity | 315.5 m | 297.9 m | 317.1 m | 315.6 m | 666.7 m | 827.3 m | SEC (XBRL)· 27 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 43.9 m | 16.5 m | 68.0 m | 89.4 m | 59.4 m | 209.1 m | SEC (XBRL)· 27 Feb 2026verified |
| Capex | 4.7 m | 19.6 m | 81.4 m | 64.4 m | 188.4 m | 646.8 m | SEC (XBRL)· 27 Feb 2026verified |
| Free cash flow | 39.2 m ≈ | -3.2 m ≈ | -13.4 m ≈ | 25.0 m ≈ | -129.1 m ≈ | -437.7 m ≈ | SEC (XBRL)· 27 Feb 2026derived |
| Investing cash flow | -3.8 m | -19.5 m | -79.5 m | -62.0 m | -305.0 m | -686.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Financing cash flow | -46.6 m | -20.8 m | -16.1 m | -30.4 m | 399.7 m | 670.7 m | SEC (XBRL)· 27 Feb 2026verified |
| Dividends paid | 12.4 m | 13.4 m | 13.8 m | 14.1 m | 14.6 m | 21.8 m | SEC (XBRL)· 27 Feb 2026verified |
| Share repurchases | 26.7 m | — | — | 26.4 m | 8.1 m | 0 | SEC (XBRL)· 27 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 6.31 – 8.48 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · input data missing
- Dividend discount (DDM)6.31 – 8.48 (Mid 7.24)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 9.3% | 58 (vs peers) | 20% |
| Net margin · Quality | 7.2% | 67 (vs peers) | 12% |
| FCF conversion · Quality | -1,327.7% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 24.8% | 100 (on a fixed band) | 16% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 2.7x | 0 (vs peers) | 20% |
| Interest coverage · Balance sheet | 5.1x | 56 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 4.1x | 100 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet37/100 · 3/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality45/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SOLARIS ENERGY INFRASTRUCTURE, INC. (SEI). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 622.2 m USD in 2025; YoY growth 98.7%; net margin 7.2%; ROE 8.4%; net debt/EBITDA 2.7x.
The estimated value range is 6.31–8.48 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 7.24 USD, the price of 57.64 USD leaves a potential of -87.4% (value / price − 1) and a margin of safety of -696.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 24.8%
- Current ratio: 4.1x
What contradicts it
- FCF conversion: -1,327.7%
- Net debt / EBITDA: 2.7x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Oil & Gas Field Machinery & Equipment (SIC 3533) · same industry (4-digit SIC) · compared with 15 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BKRBaker Hughes Company | 49.5 bn | 17.1 | 15.1% | 10.1% | −0.3% | −1% / +48% |
| FTITechnipFMC plc | 25.1 bn | 20.3 | 38.6% | 12.0% | +9.4% | +43% / +211% |
| NOVNov Inc. | 6.4 bn | 45.2 | 2.3% | 1.6% | −1.4% | +17% / −4% |
| WFRDWeatherford International plc | 6.2 bn | 15.3 | 23.0% | 8.6% | −10.8% | +15% / −5% |
| WHDCactus, Inc. | 4.3 bn | 23.6 | 14.7% | 12.0% | −4.5% | +35% / +37% |
| DNOWDnow Inc. | 2.8 bn | — | -12.4% | -4.9% | +18.8% | +10% / +54% |
| INVXInnovex International, Inc. | 1.8 bn | 37.1 | 4.5% | 4.8% | +48.0% | +16% / +15% |
| FETForum Energy Technologies, Inc. | 845.3 m | 28.8 | 9.8% | 3.5% | −3.1% | +135% / +238% |
| OISOil States International, Inc | 510.2 m | — | -16.8% | -16.5% | −3.4% | +35% / +24% |
| OMSEOMS Energy Technologies Inc. | 167.2 m | 3.3 | 43.5% | 22.0% | unavailable | −16% / unavailable |
| LSELeishen Energy Holding Co., Ltd. | 75.4 m | 55.4 | 2.9% | 2.6% | −30.0% | −14% / unavailable |
| DTIDrilling Tools International Corporation | 52.9 m | — | -2.5% | -2.0% | +3.4% | −38% / −56% |
| STAKSTAK Inc. | 27.5 m | 71.5 | 2.9% | 1.5% | +13.2% | +202% / unavailable |
| GPUSHyperscale Data, Inc. | 247.1 k | — | -159.8% | -71.0% | −4.3% | −89% / −100% |
| SEISolaris Energy Infrastructure, Inc. | — | — | 8.4% | 7.2% | +98.7% | +7% / +519% |
| FLOCFlowco Holdings Inc. | — | 17.7 | 12.5% | 6.4% | +41.9% | +15% / unavailable |
1- and 3-year price returns: for SEI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results).
In brief
Solaris Energy Infrastructure provides modular power generation, control and distribution equipment for data centers and other customers, alongside equipment for managing materials in oil and gas well completions. Its shift toward power infrastructure, which generated revenue of 333.5 million USD in fiscal 2025 1, positions it around the electricity demand created by artificial intelligence 12.
SWOT
Strengths
- The company has a strong position in data center power and long-term contracts with large customers 12.
- Access to new financing, including a notes offering and a new revolving facility, supports expansion 2.
- The GESA acquisition brings service and maintenance capabilities that could strengthen project execution 3.
Weaknesses
Opportunities
- Demand for power driven by artificial intelligence could generate new contracts and extensions of existing ones 23.
- Aftermarket and maintenance services expanded through acquisitions could increase recurring revenue 3.
- Investment in small modular reactor technology could open a longer-term growth avenue 2.
Risks
- Customer concentrationhigh
A single data center customer accounts for a major part of revenue, and losing it could affect results 1.
- Supplier dependencehigh
The power segment relies on limited suppliers, and delivery delays or price increases could affect execution 1.
- Stateline joint venture risksmedium
The Stateline joint venture faces additional financing needs and developing regulatory frameworks 1.
- Oil and gas pricesmedium
Volatility in oil and gas prices can reduce drilling activity and demand for the logistics segment 1.
- Inflation and costsmedium
Higher labor, equipment and capital costs could reduce margins if they cannot be passed on to customers 1.
Investment thesis
What would need to be true (bull case)
- If demand for AI-related power holds, expanded contracts and planned capacity could support a significant rise in revenue and adjusted EBITDA 23.
- The GESA acquisition and broader services could increase recurring revenue and reduce dependence on one type of project 3.
- New financing and available liquidity could allow the company to fund expansion without major strain on its balance sheet 23.
What would break the thesis
- Dependence on one large customer could create significant revenue volatility if that customer reduces demand or delays payment 1.
- If key suppliers cannot deliver equipment on time, capacity plans could be delayed or costs could rise 1.
- Higher debt and large capital spending could reduce financial flexibility if operating results grow less than expected 12.
What to watch
- Delivery of the Q4 2026 adjusted EBITDA guidanceQ4 2026
- Start of deliveries under the expanded AI customer contractQ1 2027
- Integration of the GESA acquisition and its impact on service margins2027
- Changes in customer concentration and the power segment's share of revenue in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results).
The business
Solaris Energy Infrastructure, Inc. (NYSE: SEI), headquartered in Houston, Texas, offers modular and scalable equipment-based solutions for power generation, control and distribution, and for the management of raw materials in oil and natural gas well completions 1. Total revenues were 622.2 million USD in fiscal 2025, compared with 313.1 million USD in fiscal 2024 1. In the first half of 2026 the company continued to expand through the GESA acquisition and larger power contracts 23.
The company operates through two reportable segments: Solaris Power Solutions, which delivers power for data centers and energy customers, and Solaris Logistics Solutions, which designs and manufactures equipment for handling materials used in well completions 1. The logistics segment grew more modestly, by 5%, in fiscal 2025 1.
The revenue mix has shifted quickly: the power segment contributed 58% of total revenue in the fourth quarter of 2025 and 72% in the second quarter of 2026 12. The company states that capital expenditures should remain heavily weighted toward power 12.
Segments
Solaris Logistics Solutions
The logistics segment designs and manufactures equipment for managing materials used in well completions, with field technician support, software and last mile services 1. Revenue reached 288.7 million USD in fiscal 2025 1, and in the second quarter of 2026 it fell 10% from the first quarter on lower last-mile activity 3.
Market context
U.S. power demand is growing faster than grid capacity, and Solaris argues that its modular solutions can be deployed faster than many grid-based services 1. Demand for the logistics segment depends on U.S. well drilling and completion activity and on oil and natural gas prices 1.
The company estimates total power capacity could reach approximately 2200 MW by early 2028 1, and major contracts typically run from two to seven years or longer 12. Expansion of contracts with AI-related customers could support growth if demand holds 23.
Trends
- Data center power demandtailwind
Expanding use of artificial intelligence is driving the growth of existing data centers and plans for new ones, increasing demand for off-grid power 1.
- Expansion of AI customer contractstailwind
Contracts with an AI-related customer have been expanded to a full turnkey plant of about 660 MW with tenor of up to 18 years, which could increase contracted revenue 23.
- Oil and gas activityheadwind
Logistics demand depends on the number of active wells, and volatility in oil and gas prices can reduce demand for this segment 1.
- Inflation and capital costsmixed
Inflationary pressure and elevated interest rates can raise equipment and financing costs, which could affect margins 1.
Competitive position
In power, the main competitor is the electricity grid, but there are also numerous distributed energy companies, mostly private and fragmented at smaller generator sizes 1. In logistics, competition comes from logistics firms, equipment manufacturers, hydraulic fracturing companies and sand mining companies 1.
Key competitive factors include equipment reliability, technical expertise, patent-protected technology, bundled service offerings, safety record and price 1. Consolidation in the industry could change relationships with customers and suppliers 1.
- Private distributed energy companies
Most distributed energy companies are privately held, and competition is fragmented at smaller generator sizes 1.
- Grid electricity providers
The grid is the main alternative to off-grid power, but it can also be complementary 1.
- Oilfield logistics and trucking companies
Logistics and trucking companies can be both competitors and customers on certain jobs 1.
- Hydraulic fracturing and sand mining companies
These firms offer competing solutions for storing and delivering materials at the well site 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- How Solaris' Turnstile Influenced the Modern System Designs of Web Browsers and Language RuntimesInfoQ · 15 Sept 2026 · EN
- Solaris (SEI) Lifts EBITDA Guidance, But Is the Stock Too Expensive?Yahoo Finance — News · 11 Sept 2026 · EN
- Solaris Energy (SEI) Rockets 16% on Upbeat H2, Hedge Fund Holdings JumpYahoo Finance — News · 09 Sept 2026 · EN
- Solaris Energy Infrastructure Shares Rise After Raising 2026 EBITDA GuidanceYahoo Finance — News · 08 Sept 2026 · EN
- ULTIMA ORĂ Ciucu se îndreaptă împotriva SolarisProfit.ro · 02 Sept 2026 · RO
- Ciucu reclamă „probleme mari” la mijloacele de transport cumpărate de Primăria Capitalei – Solaris, Otokar și tramvaiele Imperio: „Cele mai mari probleme le avem cu Solaris” / Control la troleibuzele companiei, PMB vrea recuperarea prejudiciuluiG4Media · 02 Sept 2026 · RO
- Ciucu spune că PMB urmează să se îndrepte împotriva Solaris pentru recuperarea prejudiciuluiFinancial Intelligence (RO) · 02 Sept 2026 · RO
- Producătorul polonez Solaris va livra încă 22 de autobuze electrice în România, la Sfântu GheorgheEconomedia · 14 Aug 2026 · RO
The latest news item in our archive is from 15 Sept 2026; the newest SEC filing is from 04 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report04 Nov 2026Results of operations · Financial statements and exhibits
- Current report29 Oct 2026Other events
- Current report01 Oct 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report23 Sept 2026Material agreement · Other events · Financial statements and exhibits
- Current report22 Sept 2026Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report08 Sept 2026Material agreement · Acquisition or disposition of assets · Item 3.02 · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report06 Jul 2026Item 3.02 · Regulation FD disclosure · Financial statements and exhibits
- Current report19 May 2026Shareholder vote
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Solaris Energy Infrastructure, Inc. · 27 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Solaris Energy Infrastructure, Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Solaris Energy Infrastructure, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.