Oxford Learners Dictionary along with others defines "soloist" as:
soloist(noun): a musician or singer who performs a solo. "he appears as a concerto soloist with all the great British orchestras"
I'm surprised by the use of the indefinite article before solo which means it's a noun that means:
solo(noun): a piece or passage of vocal or instrumental music for one performer. "a blistering guitar solo" (Oxford Learners Dictionary)
But I know that a soloist is someone who performs alone on stage. This is confirmed by the Longman Dictionary's definition:
soloist(noun): a musician who performs alone or plays an instrument alone cello soloist Yo Yo Ma
Based on Longman's definition the Oxford Learner's definition should be "a musician or singer who performs solo" in which case "solo" is an adverb which means:
solo(noun): for or by one person alone. "she'd spent most of her life flying solo" (Oxford Languages)
Or maybe a soloist is both someone who performs alone on stage and someone who plays a solo during a concert performed by more musicians?
Edit: I noticed the dislike for my post and started to investigate more and found this definition:
solo (noun) 2. A performance by a single singer or instrumentalist. (American Heritage® Dictionary of the English Language)
I guess this is the meaning here.