Solaris Energy Infrastructure (SEI) stock surged 22.70% in pre-market trading on Friday, following the company's better-than-expected Q4 earnings report released after the market close on Thursday.
For the quarter ended December 31, 2024, Solaris Energy reported adjusted earnings of $0.12 per diluted share, in line with analyst estimates. However, the company's revenue of $96.3 million surpassed the consensus forecast of $92.7 million, marking a year-over-year increase of 52.1%.
The solid Q4 results, driven by strong revenue growth, appear to have boosted investor confidence in Solaris Energy's prospects. The company's renewable energy infrastructure solutions are expected to benefit from the growing demand for clean energy and sustainability initiatives, fueling optimism for continued growth and profitability.
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