Positioning no disclosures inside 60 days, left as found
Options put/call open interest 1.14, read 2026-11-02
Ethical does not pass the values gate
Price50.55 USD
Fair value67.47
Ethical score70.0/100
Value readUndervaluedas of 5 Nov 2026
Our investment reviews on this name
2026-11-04Read Distribution69.37-27.1% to today ✓Markup gives way to Distribution first Distribution read since October
2026-11-01Read Markup70.70-28.5% to today Distribution gives way to Markup after a 12% rise in 4 days
2026-10-28Read Distribution63.34-20.2% to today ✓Markdown gives way to Distribution
2026-10-25Read Markdown63.34-20.2% to today ✓Accumulation gives way to Markdown after an 11% slide in 2 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Solaris Energy Infrastructure, Inc. holds its Distribution at $50.55. Consolidating, no directional conviction, held for 70 days.
As held on the ledger · 2026-11-05
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 70 days
Price at the screen
$50.55
Valuation
72.05 trailing · 15.75 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.38
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
50.34%
Below 33%
Interest-bearing debt is 50.3% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
21.30%
Below 49%
Money owed to the company is 21.3% of assets, under the 49% limit.
Pass
Revenue purity
1.08%
Below 5%
Only 1.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Solaris Energy Infrastructure,'s business is in a permissible area, but its interest-bearing debt is about 50% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today SEI does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Undervalued vs our fair value, as of 5 Nov 2026: it trades at roughly a 15% discount to our $67.47 fair value, 46.90% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. A 25.1% discount to the base estimate.
Where our models see it going: fair-value estimate $67.47, with a range of $64.80 to $77.59, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Oilfield gear rentals boom but the cycle turns fast
Picture a crew hauling generators and pumps to a shale site at 3am. Solaris rents the kit that keeps fracking crews powered up. Revenue is surging 55% but this is classic oil services timing, where the good times rarely last and forward earnings can drop as quickly as they rise.
We pass because the numbers do not justify stepping in. At 24 times forward earnings the shares already price in continued growth, yet margins sit at just 7% and return on equity is a modest 9%. Our fair value sits below the current price, leaving no margin of safety in a sector known for sharp reversals.
The real risk is the cyclical trap. When rig counts fall, utilisation collapses and earnings can be cut in half while the multiple stays elevated. Analyst targets above $90 ignore that history. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
SEI trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 1.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Markup$70.70+0.0%Entry 16
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Markup$70.70+0.0%Entry 15
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01Markup · changed$70.70+20.4%Entry 14
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 20.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Distribution$58.74+0.0%Entry 13
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Distribution$58.74+0.0%Entry 12
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Distribution$58.74-7.3%Entry 11
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 7.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 1% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markdown · changed$63.34-8.7%Entry 9
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 8.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading neutral. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90.
2026-10-18Accumulation$69.37-2.8%Entry 8
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 2.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 34% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 173%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (12 analysts) rates it strong buy, with a mean price target of $90.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
