Solaris Energy Infrastructure Inc. (NYSE:SEI) extended its winning streak to a 4th consecutive day on Tuesday, jumping 16.29 percent to close at $63.96 apiece after posting a highly optimistic growth outlook in the second half of the year on the back of strong core and newly acquired businesses.
In a statement on the same day, Solaris Energy Infrastructure Inc. said that it now expects its third-quarter adjusted EBITDA to be in the range of $110 million to $130 million, marking growth of 62 to 91 percent from the $68 million in the same comparable period.
It previously targeted an adjusted EBITDA range of $90 million to $105 million.
The figure is projected to further grow to a range of $145 million to $180 million, or an implied jump of 110 percent to 161 percent from the $69 million year-on-year. Previously, it issued an adjusted EBITDA guidance of $100 million to $120 million.
Photo by Tima Miroshnichenko on Pexels
“The company’s new expectations reflect stronger contributions from both its core power services offerings and better-than-expected performance from its recently acquired businesses,” Solaris Energy Infrastructure Inc. said.
It also initiated an adjusted EBITDA guidance of $200 million to $240 million for the first quarter of 2027.
Omega, GESA acquisition
Last week, it can be recalled that Solaris Energy Infrastructure Inc. announced its acquisition of Omega Foundation Services in a bid to expand its foothold in heavy civil construction across multiple end markets, including large-scale data centers.
The acquisition effectively added the listed firm’s turnkey execution capabilities through full-cycle power solutions, which now include early-stage site services, front-end plant installation and commissioning services, as well as electrical substation development.
Also in July, Solaris Energy Infrastructure Inc. took over Global Energy Services Alliance Inc.—a full cycle power generation service provider, helping strengthen and scale its in-house end-to-end power capabilities, as well as deepen and expand its technical talent bench, among others.
Hedge Fund Holdings Breach $1B
Institutional investors appeared to be optimistic about their long-term growth outlook for Solaris Energy, as evidenced by the higher number of hedge funds establishing exposure alongside a larger committed capital.
Data from Insider Monkey showed that in the second quarter of the year, 65 hedge funds held positions in the stock, up from 57 in the quarter previously.
More notably, their collective holdings surged by 32.7 percent to $1.3 billion from $981.86 million quarter-on-quarter.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
