On July 15, Solaris Energy Infrastructure declined 8.12% in regular trading, trading at $64.02/share, with turnover of $89.53 million. The selloff was triggered by a Morgan Stanley report warning that public opposition to AI data center development is intensifying, with approximately $130 billion in projects impacted in the first quarter alone.

While the report noted that SEI could potentially benefit from the trend of data centers increasing on-site power generation, the market focused on the broader risk of infrastructure investment deceleration. The decline was compounded by sector-wide weakness in Oil & Gas Equipment & Services, with SLB Ltd down 1.35%, Baker Hughes down 2.92%, Halliburton down 2.43%, TechnipFMC down 4.34%, and Weatherford International down 3.23%.

SEI had recently delivered strong Q1 results, with adjusted EPS of $0.44 beating estimates by 63%, and completed a $2 billion financing arrangement in May. The company also acquired GESA on July 6 and was added to the S&P SmallCap 600 effective July 16. Despite these positive developments, macro concerns over data center buildout delays weighed heavily on sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)