Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 6.6% – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price rose 6.6% during mid-day trading on Monday . The company traded as high as $27.72 and last traded at $27.67. Approximately 192,121 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 966,156 shares. The stock had previously closed at $25.95.

Analyst Upgrades and Downgrades

Several analysts have commented on SEI shares. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus lifted their price target on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price objective for the company.

Solaris Energy Infrastructure Price Performance

The firm has a market capitalization of $1.82 billion, a PE ratio of 61.74 and a beta of 1.35. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $28.69.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.