Company Overview - Solaris Energy Infrastructure is a Houston-based provider of equipment and logistics solutions for the oil and gas industry, focusing on automation and operational efficiency [6] - The company leverages proprietary technologies such as Railtronix and all-electric systems to support well completion and material handling for upstream operators [6] - Solaris generates revenue through the sale of equipment, technician support, logistics services, and transloading and storage solutions for the energy sector [8] Financial Performance - As of February 12, 2026, Solaris shares were priced at $51.47, reflecting a 92.6% increase over the past year, significantly outperforming the S&P 500 by 79.7 percentage points [7] - The company reported $167 million in third-quarter revenue, up 12% sequentially, with net income of $25 million and $0.31 per diluted share [9] - Total Adjusted EBITDA reached $68 million, also up 12% sequentially, with Power Solutions revenue jumping 39% sequentially to $105 million [9] Recent Developments - Management raised fourth-quarter Adjusted EBITDA guidance to $65 million to $70 million and initiated first-quarter 2026 guidance of $70 million to $75 million [10] - The company issued $748 million of 0.25% convertible notes to fund expansion and repaid a $325 million term loan, leaving debt attributable to Solaris at about $497 million as of quarter end [10] Investment Insights - Ranger Investment Management, L.P. increased its holding in Solaris by 197,073 shares, raising its position to 1.97% of 13F assets under management as of December 31, 2025 [2][7] - The position now rivals some core mid-cap holdings, adding exposure to a different growth vector compared to larger stakes in software and biotech [11] - Long-term investors should monitor fleet expansion toward 2,200 MW and assess whether cash generation keeps pace with ambitious capital spending [11]