Solaris Energy Infrastructure Inc Stock Price, News & Analysis

Solaris Energy Infrastructure (NYSE: SEI) has priced an upsized $135 million convertible senior notes offering due 2030, increased from the initially announced $110 million. The notes will carry a 4.75% interest rate, payable semi-annually, with an initial conversion price of $26.39 per share, representing a 35% premium over the concurrent delta offering price of $19.55. The company granted underwriters a 30-day option to purchase up to an additional $20 million in notes. The notes will mature on May 1, 2030, and will be convertible into cash, Class A common stock, or a combination thereof. Solaris plans to use the estimated net proceeds of $129 million to purchase a subordinated convertible note from Solaris LLC, which will fund growth capital for additional power generation equipment, including natural gas turbines and electrical equipment.

Solaris Energy Infrastructure (NYSE:SEI) has priced its previously announced convertible senior notes offering at $135 million with a 4.75% interest rate, due 2030. The offering size was increased from the initially announced $110 million. The company expects to receive net proceeds of approximately $129 million, with underwriters having an option to purchase an additional $20 million in notes.

Concurrently, Morgan Stanley and Santander US Capital Markets are conducting a separate delta offering of 1,193,521 borrowed shares of SEI's Class A common stock at $19.55 per share. This delta offering aims to facilitate hedging transactions for note purchasers. Both offerings are contingent upon each other, with settlement scheduled for May 2, 2025.

Solaris Energy Infrastructure has announced plans for a convertible notes offering worth $110 million, with an additional option for underwriters to purchase up to $15 million in notes due 2030. The company is simultaneously launching a concurrent delta offering through Morgan Stanley & Co and Santander US Capital Markets.

The delta offering involves borrowing Class A common stock from third parties to facilitate hedging transactions for note purchasers. No new shares will be issued, and Solaris will not receive proceeds from this concurrent offering. The size of the borrowed stock offering will be determined at pricing and will match reasonable initial short positions of hedging investors.

Both offerings are contingent upon each other and will be conducted through a shelf registration statement filed with the SEC. Detailed information is available through the SEC website or directly from the underwriters.

Solaris Energy Infrastructure has announced plans to offer $110 million in convertible senior notes due 2030, with an additional $15 million over-allotment option. Morgan Stanley and Santander US Capital Markets are managing the offering.

The notes will be senior, unsecured obligations with semi-annual interest payments. Holders can convert notes to cash, Class A common stock, or a combination thereof. The notes are redeemable after May 1, 2028, if stock price exceeds 130% of conversion price.

Proceeds will fund Solaris LLC's growth through purchase of power generation equipment, including natural gas turbines. A concurrent delta offering of borrowed Class A common stock will facilitate hedging by note purchasers.

The offering is registered with the SEC and contingent on completion of the concurrent delta offering.

Solaris Energy Infrastructure reported strong Q1 2025 results with revenue reaching $126 million, up 31% from Q4 2024. The company achieved net income of $13 million ($0.14 per share) and Adjusted EBITDA of $47 million, marking a 25% sequential increase.

Key highlights include:

• Expanded joint venture with major data center client to 900 MW capacity (up from 500 MW)
• Secured $550 million term loan facility for the JV
• Added 330 MW of new generation capacity
• Projects total operated fleet to reach 1,700 MW by H1 2027

The company maintains Q2 2025 Adjusted EBITDA guidance of $50-55 million and sets Q3 2025 guidance at $55-60 million. Solaris Power Solutions averaged 390 MW capacity in Q1, while Logistics Solutions operated 98 fully utilized systems, up 26% from previous quarter.

Solaris Energy Infrastructure (NYSE:SEI) has scheduled its first quarter 2025 earnings conference call for Tuesday, April 29, 2025, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The company will release its Q1 2025 earnings report after market close on April 28, 2025.

Participants can join the call from the US by dialing (844) 413-3978 or internationally at (412) 317-6594. A live webcast will be available on the company's website at solaris-energy.com in the Investor Relations section. An audio replay will be accessible for approximately seven days following the call, available via phone at (877) 344-7529 (US) or (412) 317-0088 (international) using access code 9278017.

Solaris Energy Infrastructure (NYSE:SEI) reported strong Q4 2024 results with revenue of $96 million, up 28% from Q3 2024, driven by the Solaris Power Solutions segment following the MER acquisition. The company posted net income of $14 million ($0.19 per diluted Class A share) and Total Adjusted EBITDA of $37 million.

Key developments include securing an additional 700 megawatts of gas-powered turbines with deliveries expected throughout 2026, bringing total operated power fleet to approximately 1,400 MW by H1 2027. The company also established a long-term partnership involving a minimum 500 MW contract for six years to support a new data center construction.

For Q1 2025, Solaris expects Total Adjusted EBITDA between $44-48 million, and Q2 guidance of $50-55 million. The company approved a Q1 2025 dividend of $0.12 per share, marking its 26th consecutive dividend payment.

Solaris Energy Infrastructure (NYSE:SEI) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for February 21, 2025, at 9:00 a.m. Central Time. The company will release its earnings report after market close on February 20, 2025.

Participants can join the call from the US by dialing (844) 413-3978 or internationally at (412) 317-6594. A live webcast will be available on the company's website's Investor Relations section. An audio replay will be accessible for approximately seven days following the call, available through US number (877) 344-7529 or international number (412) 317-0088, using access code 3610985.

Solaris Energy Infrastructure announced the pricing of its underwritten public offering of 6.5 million shares of Class A common stock at $24.75 per share, expecting to raise approximately $156 million in net proceeds. The offering is set to close on December 11, 2024.

Yorktown Energy Partners X has granted underwriters a 30-day option to purchase up to 975,000 additional shares. Solaris will contribute all net proceeds to Solaris in exchange for membership units, which will be used to fund growth capital for additional power generation equipment, including natural gas turbines and electrical equipment.

Santander is leading the offering as book-running manager, with Goldman Sachs, Piper Sandler, and Wolfe Capital Markets serving as additional book-running managers.