Solaris Seals Third 600+ MW Data-Center Power Deal as Shares Climb

Raised guidance signals growing traction in behind-the-meter power for data centers.

Overview

A 10-year agreement announced April 24 commits Solaris to supply more than 600 megawatts to an affiliate of an investment-grade global technology company, with a five-year extension option and deliveries set to begin in late 2026.
Shares rose 4.2% to close at $73.66 after the news, touching $81.24 intraday, and the stock is up 54% year to date.
First-quarter results showed revenue of $196.2 million, up 55% from a year ago and above estimates, while EPS of $0.32 missed consensus by one cent.
Solaris raised its Q2 adjusted EBITDA outlook to $83–$93 million and set Q3 at $80–$95 million, and management cited joint-venture shifts and equipment timing for a cautious Q3 midpoint.
Morgan Stanley reaffirmed an Overweight rating with an $81 target and estimated the new contract could be worth about $450 million based on a $300-per-kilowatt benchmark.