# Solaris Energy Infrastructure, Inc. (SEI)

> Source: Nexqual · https://nexqual.com/SEI · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Solaris Energy Infrastructure, Inc. (SEI), nexqual.com/SEI" · informational, not investment advice.

**Price:** USD 65.16 (-6.07% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 69.37 · day 61.16–66.71 · 52w 38.5–86.19 · market cap $6.56B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $762M, net income $54.8M (7.2% margin), free cash flow -$728M (SEC filings).
- Valuation: P/E 119.6x, EV/EBITDA 29.1x, net debt $785M.
- 1 of 80 tracked superinvestors hold SEI (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.64 on a 1–5 scale) (14 analysts), mean target USD 103.06 (range 82–120).
- Total return with dividends: 1Y +21.3% vs S&P 500 +18.1%; 5Y +840.5% vs S&P 500 +85.1%.
- Next earnings: 2026-11-04, EPS estimate USD 0.25, revenue estimate $274M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $159M | $320M | $293M | $313M | $622M | $762M |
| Operating income | -$387K | $41.8M | $49.9M | $52.8M | $135M | $185M |
| Net income | -$868K | $21.2M | $24.3M | $15.8M | $30.2M | $54.8M |
| Free cash flow | -$3.2M | -$13.4M | $25.0M | -$129M | -$438M | -$728M |
| Operating margin | -0.2% | 13.1% | 17.0% | 16.9% | 21.8% | 24.3% |
| Net margin | -0.5% | 6.6% | 8.3% | 5.0% | 4.8% | 7.2% |
| Revenue growth | +54.6% | +101.0% | -8.5% | +6.9% | +98.7% | — |
| Cash + short-term investments | $36.5M | $8.8M | $5.8M | $114M | $353M | — |
| Total debt | — | — | $30.0M | $316M | $184M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 119.6x · P/S 8.6x · EV/EBITDA 29.1x · EV/Sales 9.6x · P/B 7.3x · FCF yield -11.10% · Earnings yield 0.84% · Dividend yield (paid, TTM) 0.41% · Net debt $785M · EV $7.34B

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SEI. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.06% | $6.5M | Reduced -4.0% |

## Analysts
Consensus Buy (mean 1.64 on a 1–5 scale), 14 analysts; mean target USD 103.06 (low 82, high 120).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-28 | Barclays | Target raised | Overweight | $90 → $116 |
| 2026-09-24 | Citigroup | Target raised | Buy | $84 → $100 |
| 2026-09-24 | Stifel | Target raised | Buy | $98 → $101 |
| 2026-09-15 | Needham | Target raised | Buy | $98 → $104 |
| 2026-09-09 | Raymond James | Target raised | Outperform | $82 → $96 |
| 2026-09-02 | Needham | Reiterated | Buy | $98 |
| 2026-08-27 | Piper Sandler | Target raised | Overweight | $80 → $82 |
| 2026-08-10 | Barclays | Target raised | Overweight | $86 → $90 |
| 2026-08-07 | Needham | Target raised | Buy | $97 → $98 |
| 2026-08-03 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $82 → $73 |
| 2026-07-06 | Wolfe Research | Initiated | Outperform | $120 |
| 2026-06-29 | Needham | Initiated | Buy | $97 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +21.3% | +840.5% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +21.4% | +56.4% |
| Volatility (annualized) | 76.7% | 64.0% |
| Max drawdown | -47.6% (Jun 2026→Jul 2026) | -55.4% (Feb 2025→Mar 2025) |

## Peers (Oil & Gas Equipment & Services)
NOV (NOV Inc.) USD 18.64 -1.69% · WFRD (Weatherford International plc) USD 75 -2.86% · AROC (Archrock, Inc.) USD 29.25 -4.66% · KGS (Kodiak Gas Services, Inc.) USD 47.81 -8.06% · WHD (Cactus, Inc. Class A Common Sto) USD 61.19 -4.50% · OII (Oceaneering International, Inc.) USD 43.05 -3.91%

## More
Full page: https://nexqual.com/SEI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt