Oliver | MMMT Wealth
Founder of MMMT Wealth, CPA, Technical/Fundamental Analysis
Solaris Energy Infrastructure trades at only about 8x EBITDA while EBITDA grows roughly 100%. It pre-announced revised adjusted EBITDA guidance that puts Q1 2027 at $200M-$240M versus $137M consensus. That points to about $800M of FY27 EBITDA at the low end, against a current enterprise value of $6.4B. x.comÂ
Solaris Energy Infrastructure still trades at 13.7x NTM EBITDA after a 59% YTD run, for an expected 64% CAGR over two years. Management sees a scenario where all 3,100 MW delivered could exceed $1B of annual adjusted EBITDA, likely reached around FY29, still a 42.2% CAGR. Even with no multiple expansion, that implies about a $13.7B EV, roughly $12B of equity value or about $180 a share. It looks a little overextended now, but is comfortable to keep holding. x.comÂ
Solaris Energy Infrastructure is a very cheap way to play the US power build-out, now expanding to 3.1GW on booming demand from customers like xAI. Two deals add 900 MW of turbines: 400 MW via the Genco Power acquisition and about 500 MW of turbine delivery slots. The $1.55B cost, about $1.73M per MW, is well above prior purchases, but the company sees clear line of sight to deploy. Stifel estimates the added 900 MW could lift 2028 EBITDA about $300M above the $760M expected, about $15 a share. … Show more
Solaris Energy Infrastructure looks cheap for its growth at about 13x 2028 forward earnings. It provides off-grid power to hyperscalers' AI data centers as energy infrastructure as a service. Revenue nearly doubled in 2025, it holds three 10-year hyperscaler contracts covering 2+ GW, and EBITDA margin is expected near 57% by 2028. The stock is up 238% in a year, but the rally is backed by real contracts, not hype. It topped a screen of $1-5B US stocks ranked on growth and momentum. x.comÂ
Solaris Energy Infrastructure offers the highest upside in the power group, with the highest chance of being wrong. It builds and runs behind-the-meter power at data centers, and existing customers are buying more for longer: three expanded contracts add over $100 million of expected annual EBITDA, including a roughly 660 MW turnkey plant on up to 18 years. Adjusted EBITDA rose to $374 million from $90 million; guidance was raised. Risks: leverage near 3.9x, junk ratings, 27.7% short interest. … Show more
Solaris Energy Infrastructure is the subject of a stock pitch built with Perplexity Computer and entered in Perplexity's stock pitch competition. x.com x.comÂ
Solaris Energy Infrastructure gains another catalyst as the power provider behind SpaceX's Colossus 1 and 2, where SpaceX keeps signing compute leases. Per @SawyerMerritt, SpaceX's new deal gives Reflection Nvidia GB300s for $150 million a month from July 2026 through 2029, about $6.3 billion in total, though either side can exit on 90 days' notice after the first three months. x.comÂ
Fluence's batteries are the only grid bridge shipping now, with gas turbines sold out into 2030 and transformers on 130-week lead times. Investors fixated on the August guidance cut are missing about $850M of data-center business booked through July, including a $300M behind-the-meter order. It trades at 0.6x EV/sales on $2.63B of revenue growing 8%, with net debt of $74M against $339M cash. The SEC investigation and pending Abramov class action could make the discount permanent. x.comÂ
