Jim Cramer Thinks These 13 Stocks Will Benefit From the New Administration

8. Solaris Energy Infrastructure, Inc. (NYSE:SEI)

Number of Hedge Fund Holders: 20

Cramer commented on Solaris Energy Infrastructure, Inc. (NYSE:SEI) stock jumping in November and said:

“Solaris Energy Infrastructure specializes in distributed power generation systems and managing raw materials used in oil and natural gas wells. It’s seen the stock jump 73%… Once again, big moves there. I can’t say they’re unreasonable. These are three very profitable businesses, reasonable valuations. They’re about to face a much more benign regulatory environment.”

Solaris Energy Infrastructure (NYSE:SEI) specializes in providing scalable and mobile equipment-based solutions designed for distributed power generation and the management of raw materials used in the completion of oil and natural gas wells. In the third quarter, it made a significant move by announcing and closing an acquisition that would reshape its operations. On September 11, the company finalized the purchase of Mobile Energy Rentals LLC, a leading provider of distributed power solutions.

In conjunction with the acquisition, the company established a new business segment called Solaris Power Solutions. This segment was created to manage and oversee the newly acquired operations and to report on the performance of this expanded part of the business. Since closing the deal, the company has already made substantial progress.

Solaris Energy Infrastructure (NYSE:SEI) signed several power service contracts with tenors ranging from two to four years, securing over 80% of its expected capacity by the end of 2025. Additionally, the company reported an adjusted EBITDA of $22 million for the third quarter. This represents a 7% increase compared to the second quarter of 2024. The growth in adjusted EBITDA was largely driven by the impact of the Mobile Energy Rentals acquisition, which contributed results for 20 days in the third quarter.