Key insights
- Barclays raised its price target on Solaris Energy Infrastructure (SEI) to $86, citing a new 600 MW long-term contract with a hyperscaler and strong Q1 2026 adjusted EBITDA. The company now has over 2 GW in long-term contracts with global tech companies. The positive analyst revision and contract wins suggest continued growth in the renewable energy sector, potentially influencing investor sentiment towards related stocks.
Investing.com - Barclays raised its price target on Solaris Energy Infrastructure stock (NYSE:SEI) to $86 from $74 while maintaining an Overweight rating. The stock currently trades at $74.44, having delivered a remarkable 256% return over the past year and a 62% gain year-to-date, according to InvestingPro data.
The firm cited the company’s third long-term contract with a hyperscaler, a 600 MW agreement with an investment-grade technology company. Solaris Energy Infrastructure now has more than 2 GW signed under long-term contracts with three global technology companies.
The company reported adjusted EBITDA of $84 million for the quarter, landing 5% above Barclays’ estimate and 13% above consensus. Despite trading at a high P/E ratio of 81.55, InvestingPro analysis indicates the stock remains undervalued based on its Fair Value assessment. Balance of plant is now embedded in two of the three contracts.
Solaris Energy Infrastructure expanded its fleet 40% to 3,100 MW through the Genco acquisition, which added 400 MW, and the acquisition of 30 turbine delivery slots, which added 500 MW. The transactions brought Baker Hughes into the OEM base alongside the original Caterpillar exposure.
The company’s logistics business, which handles proppant delivery, is entering a cyclical upswing and currently generates cash flow that helps fund the power buildout, Barclays said.
In other recent news, Solaris Oilfield Infrastructure Inc. reported impressive financial results for the first quarter of 2026. The company achieved earnings per share of $0.44, which was well above the anticipated $0.33. Solaris also reported revenues of $196 million, surpassing expectations of $182.66 million. These results represent a significant earnings surprise of 33.33%. The strong financial performance reflects positive investor sentiment. Analysts had projected lower figures, making this outcome notable. These developments come amidst a backdrop of various market activities. Investors may find these recent earnings figures particularly relevant.
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