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

GE Vernova and the other big turbine makers now behave like memory makers, restricting output and raising prices rather than repeating their 1990s-2000s boom-bust cycle. That discipline has been great for their stocks, and GE Vernova is sold out until 2030. Unlike memory buyers, though, power customers have alternatives, so the congested turbine backlog leaves the field ripe for disruption by behind-the-meter generation. x.com 

Hallador Energy faces a near-term sentiment headwind because hot CPI raises the odds of rate hikes for rate-sensitive plays. The morning's move looks overdone, but the pressure on sentiment could persist for a while. x.com 

FuelCell Energy's $225M raise funds a ramp that matters because fuel cell blocks ship in months while gas turbines are 3+ years out. June's Fit Energy deal covers up to 380 MW of datacenter baseload, with a deposit down on the first 30 MW, and the balance sheet is now net cash. The books are ugly, with $168M revenue shrinking 5%, a -99% operating margin and a $225M trailing loss, and the stock's 470% gain is momentum, not earnings. Deliveries stalling at 30 MW would break the case. x.com 

Hallador Energy owns Merom Generating Station, the only major vertically integrated power asset in Sullivan County, beside the 2.1GW Fluidstack/Google campus, and data center power demand outweighs coal's environmental concerns. Pairing coal with solar and batteries makes it palatable, and a reply notes Google's investment-grade credit and completed financing. Risks are water, as a dewatering lawsuit could freeze the project for 24 months, and dilution after a $50 million equity offering. x.com  … Show more