Solaris Energy Infrastructure Raises Price Target to $82, Q1 Revenue Jumps 55%
Raymond James raised Solaris Energy Infrastructure’s price target to $82.00, implying a 10.78% upside following a strong Q1 performance. The company reported $196.0 million in revenue and $39.4 million in adjusted net profit, secured a major AI data center power contract and lifted Q2 guidance.
1. Price Target Raise
Raymond James increased its price target to $82.00, representing a 10.78% upside and reflecting confidence in the company’s financial strength and growth prospects.
2. Q1 Financial Performance
Solaris Energy Infrastructure posted Q1 revenue of $196.0 million, up from $126.0 million a year earlier and topping forecasts of $183.0 million, driven by strong demand for its energy infrastructure equipment.
3. Profitability and EPS Growth
Adjusted net profit nearly tripled to $39.4 million, or $0.44 per share, compared with $0.20 per share a year ago and surpassing the $0.33 estimate, underscoring improved operational efficiency.
4. Future Growth Drivers
The company secured its third long-term contract, including a key power supply deal for an AI data center, and raised its Q2 guidance, positioning it for continued expansion in renewable energy and data infrastructure markets.