Solas Capital Takes $5.6M Stake as Euronet Slides 30%
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- Solas Capital Management disclosed a new stake in Euronet Worldwide by acquiring 73,494 shares worth $5.59 million at the end of the quarter, per an SEC filing on Feb 17 2026.
- Solas Capital Management’s position represents 3.17% of its 13F reportable AUM.
- Euronet Worldwide’s share price was $71.13, down 30% over the prior year, lagging the S&P 500’s roughly 20% gain in the same period.
- Euronet Worldwide posted $4.24 billion in 2025 revenue, a 6% YoY increase, and net income of $309 million, with adjusted EPS of $9.61 up 12% YoY.
- Euronet Worldwide management expects adjusted earnings to grow 10‑15% in 2026, driven by digital money transfer, merchant acquiring, and international payments expansion.
- Solas Capital Management’s top holdings after the filing include FENC ($19.72 million, 11.2% AUM), EPSN ($16.45 million, 9.3% AUM), SNDA ($14.86 million, 8.4% AUM), ACOG ($12.79 million, 7.3% AUM), and MOH ($11.86 million, 6.7% AUM).
Why it matters: Solas Capital and other contrarian investors stand to benefit if Euronet’s 30% price decline relative to the S&P 500 proves a discount on a firm that grew revenue 6% and adjusted earnings 12% in 2025 and projects 10‑15% earnings growth in 2026. Meanwhile, shareholders who sold during the decline miss out on the upside.
