Solaris Energy Shares Surge on Raised EBITDA Forecast

Shares of Solaris Energy Infrastructure saw a significant surge, reaching an intraday all-time high and climbing by as much as 21%. This increase followed the company’s announcement of an upward revision to its adjusted EBITDA forecast for the fourth quarter of 2024. The company has updated its prediction, expecting adjusted EBITDA to fall between $36 million and $39 million, up from a previous range of $33 million to $36 million. This revision reflects a positive outlook based on Solaris Energy's recent strategic moves.

In response to rising demand from its customers, Solaris Energy has placed orders for nine additional gas turbines, each with a capacity of 16.5 megawatts. These orders will boost the company’s production capacity by approximately 145 megawatts, demonstrating a proactive approach to scaling operations to meet market needs.