SEI

2x model: valuation-to-growth is 82.7/100 with convexity 80.5/100; that means the score is rewarding growth-adjusted asymmetry, not cheapness in isolation. 5x model: market-cap asymmetry is 95.0/100 at roughly $6.5B current market cap, which is why size matters more here than business quality alone.

The earnings/growth score is driven by reported fundamentals, not narrative. revenue growth 55.3%, earnings growth 127.2%, gross margin 46.9%, operating margin 25.8%, profit margin 6.7%, FCF margin -91.2%. Component support: growth acceleration 84.2, survivability 28.1.

SEI's catalyst is the power constraint. If AI data-center growth is limited by interconnection queues and grid delays, modular behind-the-meter power becomes strategically valuable. The thesis is compelling because it attacks a real bottleneck, but it is less clean than semis because execution, financing, and project risk matter as much as demand.

Technical setup comes from price action, not opinion: 20-day return -3.9%, 60-day return 38.2%, 120-day return 26.2%, 60-day relative strength vs QQQ 16.8%, 1-year max drawdown -26.4%, distance from 52-week high -14.4%, 60-day annualized volatility 66.3%. Above 50dma: True; above 200dma: True.

For June this pillar is better read as options/positioning confirmation, not social-media fluff. ATM implied volatility 85.9%, call/put OI 2.2, call/put volume 6.7, OTM call OI share 59.9%, short % float 21.8%, short ratio 5.2. Component support: options asymmetry 77.4, squeeze bonus 0.0.

The Goldilox math is roughly $6.5B current market cap versus a $13.0B bull case, or about 2.0x. That supports a strong 2x thesis. The 5x case needs a different outcome: Solaris becoming a scaled AI-campus power platform rather than a project-by-project infrastructure supplier.