Solaris Energy (SEI) Jumps 4% on Data Center Deal, Earnings Beat

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2026-04-28 18:16:02

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Solaris Energy Infrastructure shares rallied 4.2% to $73.66 after securing its third long-term power contract with a global technology firm. The 10-year agreement covers over 600 megawatts of capacity, with a five-year extension option.

Q1 revenue surged 55% year-over-year to $196.2 million, surpassing the $183.4 million consensus. Adjusted EBITDA climbed 22% sequentially to $84 million. Though EPS of $0.44 narrowly missed the $0.33 estimate, Morgan Stanley maintained its Overweight rating and $81 target.

The stock has gained 54% year-to-date, with 25% of that appreciation occurring in April alone. Solaris expects to begin power deployments for the latest contract shortly.

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