Solaris Energy (SEI) Shares Rise 16% After Upgrading EBITDA Guidance
Solaris Energy Infrastructure Inc. (NYSE: SEI) saw its stock rise by 16.29 percent to $63.96 per share after upgrading its third-quarter adjusted EBITDA guidance due to strong performance from both core and newly acquired businesses. The company now expects Q3 adjusted EBITDA in the range of $110 million to $130 million, up significantly from a previous forecast of $90 million to $105 million. It also raised its full-year guidance to between $200 million and $240 million for 2027. Institutional confidence in Solaris Energy has grown as well; hedge fund holdings increased by 32.7 percent quarter-on-quarter, reaching a total of $1.3 billion with 65 funds holding positions compared to 57 previously.
Tickers: $SEI
Topics: acquisition ebitda_forecast stock_movement