In a notable shift in the stock market, Solaris Energy Infrastructure Inc. (NYSE: SEI) experienced a significant surge of 12.26% during after-hours trading on Thursday, climbing to $57.78 after closing the regular session down 4.21% at $51.47, as reported by Benzinga Pro data.
This spike followed the announcement of a strategic agreement involving Solaris Power Solutions LLC, a subsidiary of Solaris Energy Infrastructure. The company entered into a Master Equipment Rental Agreement with Hatchbo LLC, a Delaware-based limited liability company. This agreement, disclosed in a filing with the Securities and Exchange Commission, designates Solaris Power Solutions to supply over 500 megawatts of power generation equipment specifically to support Hatchbo’s artificial intelligence computing operations at its data centers.
The rental agreement is set to begin on January 1, 2027, and will be effective for a duration of ten years, or until both parties finalize a power purchase agreement. Notably, the terms also include provisions for early termination by Hatchbo, which requires a 30-day notice, a lack of ongoing defaults, and the obligation to pay 50% of the remaining rental fees.
In a separate development, Voya Financial Inc., a financial services firm based in New York, revealed its acquisition of a 5.2% stake in Solaris Energy Infrastructure, totaling 2.54 million shares.
From a trading perspective, Solaris Energy Infrastructure is exhibiting a relative strength index (RSI) of 48.33, indicating a balanced position in the market. The Texas-based company has a market capitalization of approximately $3.52 billion and has seen remarkable growth, with its stock gaining 88.74% over the past year. It currently stands about 81.7% higher than its 52-week low of $14.27, and close to its 52-week high of $59.80.
Analysts suggest that the stock’s long-term trend and strong positioning signal continued upside potential. With market momentum placing it in the 95th percentile, Benzinga’s Edge Stock Rankings support the notion that SEI maintains a positive price trajectory across various time frames.
