Solaris Energy Stock Soars 14.83% on Strong Q1 Earnings

Solaris Energy's stock surged 14.83% in pre-market trading on April 29, 2025, driven by a combination of strong financial performance and strategic initiatives.

Solaris Energy Infrastructure reported significant momentum in its business, with first-quarter 2025 financial results showing a 31% sequential increase in revenue to $126 million. This growth was primarily driven by increased activity in Solaris Power Solutions and Solaris Logistics Solutions. The company's net income for the quarter was $13 million, or $0.14 per diluted Class A share, with Adjusted EBITDA reaching $47 million, a 25% increase from the previous quarter.

One of the key highlights was the finalization of a joint venture with a major data center client, Stateline Power, LLC. The power service commercial contract supporting the joint venture was upsized to 900 MW, an 80% increase from the previously announced 500 MW. The joint venture is expected to support a majority of the capital needs with a senior secured term loan facility of up to $550 million. This strategic move is anticipated to drive further growth and enhance Solaris' position in the power sector.

Solaris also secured approximately 330 MW of new generation capacity, with expected deliveries beginning in the second half of 2026. The company is actively discussing with multiple customers to deploy this additional capacity, further solidifying its fleet expansion strategy. The total operated capacity is expected to reach approximately 1,700 MW by the first half of 2027, with a pro forma operated fleet of 1,250 MW net of the joint venture.

CEO Bill Zartler expressed excitement about the momentum in the power sector and the company's offerings, which are expected to play a significant role in the broad-based demand growth. The company maintained its Adjusted EBITDA guidance of $50-55 million for the second quarter of 2025 and established third-quarter guidance of $55-60 million, reflecting confidence in its continued growth and financial performance.