In this segment from The AI Investor Podcast, hosts Eric Bleeker and Austin Smith walk through a new portfolio addition tied directly to the SpaceX (Nasdaq: SPCX) and hyperscaler data center power buildout. The pick is Solaris Energy Infrastructure (NYSE:SEI), a behind-the-meter power provider that Bleeker sized as a $10,000 position, or about 1% of the million dollars he’s investing publicly in the AI Investor Portfolio. The discussion also revisits Power Solutions International (NASDAQ:PSIX) as evidence that supply-constrained power infrastructure names are already being repriced by the market.
Watch the Full Segment
You can watch the full podcast segment below, where Bleeker and Smith break down the Solaris thesis and how it fits into the broader SpaceX data center spending story.
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About This Segment
- This is a segment from The AI Investor Podcast episode titled A New Portfolio Add In Our Most Important Episode Of The Year, hosted by Eric Bleeker and Austin Smith.
- Bleeker added Solaris Energy Infrastructure to the portfolio as a $10,000 position, citing its existing SpaceX relationship and its gas turbine fleet used for rapid behind-the-meter power at data centers.
- Bleeker noted SEI is still trading roughly 30% below recent highs, with decade-power contracts signed with 2 data centers and 2 more coming in September, plus long-term contracts with 3 leading technology companies, all developed in the past 6 months.
Why Solaris Energy Infrastructure Made the Cut
Solaris already has a working relationship with SpaceX and deploys mobile gas turbines that can be dropped in place to power data centers behind the meter, sidestepping the multi-year grid interconnection queues that are choking new AI capacity. That practical, real-world plumbing is why Bleeker framed Solaris as the cleanest way to get exposure to SpaceX’s intention to spend $300 billion to $500 billion building out six to 10 gigawatts of capacity by the end of 2027.
Recent contract wins shows Solaris has momentum. In Q2 2026, Solaris reported adjusted EPS of $0.39 versus $0.23 estimated and revenue of $219.4 million, up 31.5% year over year. The company disclosed an expanded Hatchbo agreement for a full turnkey ~660 MW power plant with a tenor of up to 18 years to serve AI workloads, along with three long-term contract expansions expected to add more than $100 million in annual adjusted EBITDA. Management raised the Q3 2026 adjusted EBITDA outlook to $90 to $105 million and established a Q4 2026 range of $100 to $120 million.
CEO Bill Zartler summarized the momentum on the earnings report: “We are executing, expanding our contracted scope and continuing to build Solaris into a proven power and infrastructure business well positioned to serve our customers.”
A Rising Price, But Still 30% Below Recent Highs
Bleeker made a point about the entry price. SEI closed at $63.30 on August 14, well off the 52-week high of $86.19. Over the past three months, the stock is down 19.31%, even as year-to-date performance stands at +38.23% and the one-year return is +133.56%. That drawdown from the highs is what Bleeker referenced as the roughly 30% pullback, giving the portfolio a chance to enter a name that had otherwise been running.
Sell-side sentiment is positive. Alpha Vantage lists an analyst target price of $94.41, with 5 strong buys, 8 buys, and 1 hold. Forward valuation is rich, which reflects the growth curve baked in from the hyperscaler contract flow.
PSIX as the Proof of Concept
Bleeker used Power Solutions International to illustrate how fast the market is repricing behind-the-meter suppliers when SpaceX-related demand shows up. He cited the 22% rally in one week as a signal that hyperscalers and SpaceX will chase any available supply to outpace competitors. PSIX shares closed at $40.54 on August 14, with the one-month move at +21.16%, even as the stock remains down 50.08% over the past year.
PSIX’s Q2 2026 earnings report backs the narrative. Adjusted EPS came in at $0.78 versus consensus $0.27, revenue was $152.54 million versus $133.95 million estimated, and gross margin expanded roughly 420 basis points to 27.1%. New CEO Kenneth Li told investors: “Looking ahead, demand for our data center power solutions remains strong. Based on our current production schedule, we expect second-half sales to exceed first-half sales as larger Power Systems orders move into production.”
The Broader Setup: Bloom, Nebius, and $20 Billion per Gigawatt
Bleeker also pointed to Bloom Energy surging 15% after Nebius moved power at a New Jersey site to Bloom as another data point in the same trend. Later in the podcast, Bleeker referenced that Nebius earning showed compute deals being signed at $20 to $25 billion per gigawatt. Those figures explain why the race is on to build new capacity as quickly as possible.
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