Solaris Energy Infrastructure Inc Dossier
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SectorEnergy IndustryOil & Gas Equipment & Services Beta (adjusted)1.17 Intrinsic Value $14.04median of 5 methods · middle span $10-$22based on filings through 30 Jun 2026 Market Price $71.38Price as of 1 Oct 2026 Significantly overvaluedIntrinsic value is 80% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (-80%) Data confidence Sign in to view data confidence Market Cap $7.2B Enterprise Value $8B Shares Outstanding 100.6M diluted Moat Rating None Next Earnings Date2 Nov 2026 Last ex-dividend15 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Solaris Energy Infrastructure, Inc. (NYSE: SEI) has successfully transitioned from a pure-play oilfield logistics provider into a high-growth power infrastructure platform. The company is rapidly scaling its modular, behind-the-meter power solutions to meet the surging electricity demands of hyperscale data centers and AI workloads. Backed by over 2 GW of long-term take-or-pay contracts with major technology companies and a pro forma generation fleet of 3,200 MW, Solaris is positioned to deliver a projected Adjusted EBITDA CAGR of over 40% from 2025 to 2029. While near-term leverage is elevated due to aggressive growth capital expenditures, the highly predictable cash flows from 10-to-15-year contracts provide a clear path to rapid deleveraging starting in 2027. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$73.00 Mean target$94.41 High · most bullish analyst$120.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $73.00 Execution delays in deploying natural gas turbines, supply chain bottlenecks for critical electrical equipment, or grid interconnection delays push back contract start dates, leaving the company with elevated debt levels and constrained free cash flow through 2027. Base CaseCentral scenario $94.41 Matches the consensus meanSolaris successfully executes its current 3,200 MW power deployment pipeline on schedule. S&P-adjusted leverage declines from ~6.0x in 2026 to under 4.5x in 2027 as cash flows from newly signed contracts commence in Q1 2027. Valuation is supported by strong institutional demand for AI power infrastructure play. Bull CaseUpside scenario $120.00 Accelerated energization of contracted data center capacity, additional microgrid contract wins with new hyperscaler clients, and faster-than-expected synergy realization from recent acquisitions drive EBITDA above $1 billion by 2028, leading to significant multiple expansion. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |