Solaris Energy Infrastructure Soars Over 16% on $620 Million Power Generation Expansion

Stock News
03/17

Shares of Solaris Energy Infrastructure, Inc. surged more than 16% on Tuesday, reaching $66.44. The move followed the company's announcement on Monday of two agreements, involving a prepayment of $620 million, aimed at adding approximately 900 megawatts of natural gas turbine capacity between 2026 and 2029. The company has acquired Genco Power Solutions and purchased 30 turbine delivery slots from a private firm. These initiatives are projected to increase its total power generation capacity to roughly 3,100 megawatts by the end of 2029.

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