By Sarina Isaacs
Shares of Solaris Energy Infrastructure climbed after revenue shot higher in the first quarter, surpassing Wall Street views.
The stock was up 4.7% at $21.54 around midday Tuesday after jumping as much as 17% in morning trading. Shares are still off 25% year to date.
The Houston company late on Monday reported first-quarter income of $13 million, or 14 cents a share, compared with $7.3 million, or 14 cents a share, in the same quarter a year earlier.
That met analyst expectations for 14 cents a share, according to FactSet.
Revenue rose 86% year over year to $126.3 million, above analyst estimates of $113.7 million.
"I am excited about the momentum we are seeing across the power sector and believe that our offerings will play a significant and value-added role to this broad-based demand growth," said Chief Executive Bill Zartler.
Write to Sarina Isaacs at sarina.isaacs@wsj.com
(END) Dow Jones Newswires
April 29, 2025 12:30 ET (16:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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