| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 19 | 97.1x | 17.8x | Bottom tier | |
Growth | 92 | 70.5% | 7.1% | Top tier | |
Quality | 40 | 7.5% | 4.5% | Around median | |
Safety | 29 | 6.0x | 2.6x | Bottom tier | |
Capital Return | 18 | 0.65% | 2.12% | Bottom tier | |
Momentum | 70 | 102.1% | 2.9% | Top tier | |
Sentiment | 88 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Solaris Energy Infrastructure operates in energy and infrastructure solutions through two main segments. The Power Solutions segment provides behind-the-meter distributed generation capacity to data centers, technology companies, and industrial customers, while expanding into batteries, balance-of-plant equipment, electrical distribution, and operations and maintenance; the Logistics segment provides equipment and logistics services for energy well completion operations and, according to management, generates more than $20 million in free cash flow each quarter to fund the expansion of Power Solutions.
In Q2 fiscal 2026, revenue was approximately $219 million, up 12% sequentially, and net income was $25 million, representing a net income margin of approximately 11.4%. Adjusted EBITDA reached approximately $108 million, up 30% sequentially with a margin of approximately 49.3%, while pro forma adjusted net income was $37 million, or $0.39 per fully diluted share.
Power Solutions accounted for approximately $158 million, or about 72% of quarterly revenue, and generated $96 million in adjusted EBITDA after revenue grew 23% sequentially and earnings increased 34%. Logistics recorded revenue of $61 million, down 10% sequentially due to lower last-mile transportation activity, but its adjusted EBITDA rose 7% to $25 million due to higher activity and an improved project mix.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is Buy, with an average target of $92.89 and a wide range of $73 to $120, reflecting meaningful variation in estimates of the growth trajectory's value. The average target is approximately 7.8% above the 52-week range high of $86.19, while the low target falls within the range, and no valid comparable price-to-earnings ratio is available in the data. The valuation therefore depends primarily on converting 2.3 gigawatts of long-term contracts and expansions exceeding $100 million in annual EBITDA into cash flows, weighed against execution risks and below-investment-grade debt.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Solaris generated approximately $219 million in revenue, up 12% sequentially, and $25 million in net income. Adjusted EBITDA increased 30% to approximately $108 million, driven particularly by growth in Power Solutions and ancillary services. That segment generated $158 million in revenue and $96 million in adjusted EBITDA, representing sequential increases of 23% and 34%, respectively.
Solaris converted the agreement in July 2026 into a comprehensive capacity and operations contract for a 660-megawatt facility, including batteries, balance-of-plant equipment, and operations and maintenance services. The term became a base period of ten years with an eight-year extension option, and civil construction began in July 2026. More than 70% of the required equipment was available for deployment, and revenue is scheduled to begin in January 2027.
Solaris acquired Global Energy Services Alliance in July 2026, adding round-the-clock installation, operations and maintenance, repair, refurbishment, and emergency response capabilities. The acquisition expanded the team to more than 600 specialists, with project experience in more than 30 countries and service capabilities for technologies including large gas turbines, steam turbines, and hydropower. The company aims to use these capabilities to reduce execution risks for its projects and grow its third-party maintenance and services business, particularly for utility customers.
Management stated on August 6, 2026 that approximately 2.3 gigawatts of capacity was under long-term contracts. The company also has approximately 800 megawatts of open capacity with near-term delivery dates and is in advanced discussions to deploy it under long-term contracts. In addition, Solaris is negotiating several gigawatts of demand with hyperscalers and AI companies, but these negotiations are not signed contracts in the provided data.
Solaris issued $1.3 billion of senior unsecured debt and received below-investment-grade credit ratings, despite having approximately $1.4 billion in liquidity at the end of Q2 fiscal 2026. Executing 660- and 640-megawatt facilities requires managing permits, construction, equipment, skilled labor, and local relationships, which management described as complex. Some quarterly earnings also came from short-cycle ancillary services that are difficult to predict, while Q3 fiscal 2026 guidance ranges from $90 million to $105 million compared with the previous quarter's result of $108 million.
Management raised its adjusted EBITDA guidance for Q3 fiscal 2026 to a range of $90–105 million. It established an initial range of $100–120 million for Q4 fiscal 2026, supported by Stateline commissioning and the third hyperscale customer's first site. These ranges do not include potential benefits from ancillary services such as engineering studies, commissioning fees, option payments, and GESA equipment sales because their timing is difficult to predict.
