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SOI - Solaris Oilfield Infrastructure: Placed On A Tough Ground With A Robust Balance Sheet
Solaris Oilfield Infrastructure Inc. Class A
Solaris Is Still On A Sloppy Ground
The steep fall in hydraulic fracturing and completions activities will set Solaris Oilfield Infrastructure's (SOI) proppant and chemical systems performance tumbling in Q2. Its proppant management system fleet utilization can significantly suffer, while there will no demand for chemical management systems in Q2, leading to a drop in the top-line and profitability. In the current scenario, only the small-pack silos are gaining market share. I think there are enough headwinds to press the stock price downward in the short-term.