Solaris Energy Infrastructure Inc. extended a four-day rally, with shares rising 16.29 percent to close at $63.96 following the company’s announcement of upgraded financial guidance for the remainder of the year.
The company raised its third-quarter adjusted EBITDA forecast to a range of $110 million to $130 million, representing growth of 62 to 91 percent compared to the $68 million recorded in the prior-year quarter. This represented a significant increase from its previous guidance of $90 million to $105 million. Additionally, Solaris Energy projected fourth-quarter adjusted EBITDA between $145 million and $180 million, implying year-over-year growth of 110 to 161 percent from $69 million, compared to earlier guidance of $100 million to $120 million. The company also initiated guidance for first-quarter 2027 adjusted EBITDA of $200 million to $240 million.
The upgraded outlooks reflected strengthened performance across both the company’s established power services division and recently acquired operations. In recent months, Solaris Energy completed two acquisitions to bolster its capabilities. Last week, the company finalized the purchase of Omega Foundation Services to expand its presence in heavy civil construction markets, particularly large-scale data centers. The acquisition added turnkey execution capabilities spanning site preparation, plant installation, commissioning, and electrical substation development. Additionally, a July acquisition of Global Energy Services Alliance Inc. enhanced the company’s full-cycle power generation service offerings and expanded its technical workforce.
Institutional investor interest in the company’s prospects appeared robust. Data indicated that 65 hedge funds held positions in the stock during the second quarter, up from 57 funds in the prior quarter. Their combined holdings increased 32.7 percent to $1.3 billion from $981.86 million in the previous quarter.
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