Solaris Energy Infrastructure Soars Over 16% on $620 Million Power Generation Expansion
Stock News
Mar 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.