Solaris Energy Infrastructure shares surge 16% after strong Q1 earnings and raised guidance
Updated
Updated · MarketWatch · Apr 27
Solaris Energy Infrastructure shares surge 16% after strong Q1 earnings and raised guidance
11 articles · Updated · MarketWatch · Apr 27
The company reported Q1 profit of $21.4 million, or 32 cents per share, and revenue of $196.2 million, both exceeding analyst expectations.
Adjusted earnings reached 44 cents per share, while Solaris raised its Q2 adjusted EBITDA guidance to $83–$93 million, up from $76–$84 million previously.
Solaris also provided Q3 adjusted EBITDA guidance of $80–$95 million, as the renewable-energy firm continues to outperform Wall Street forecasts and attract investor interest.
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