Solaris Energy Infrastructure (NYSE:SEI) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Solaris Energy Infrastructure (NYSE:SEI) from a strong sell rating to a hold rating in a research report released on Thursday,Zacks reports.

Other equities research analysts also recently issued research reports about the company. Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a report on Friday, June 12th. Raymond James Financial lifted their target price on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus set a $98.00 price target on shares of Solaris Energy Infrastructure in a research note on Friday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $98.00 price target on shares of Solaris Energy Infrastructure in a research report on Wednesday, September 2nd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Solaris Energy Infrastructure Trading Up 5.0%

Shares of SEI stock opened at $67.38 on Thursday. Solaris Energy Infrastructure has a 1-year low of $29.89 and a 1-year high of $86.19. The firm has a market cap of $5.16 billion, a PE ratio of 79.27 and a beta of 1.25. The company has a 50-day moving average of $58.65 and a two-hundred day moving average of $63.84. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $219.40 million for the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. On average, analysts predict that Solaris Energy Infrastructure will post 0.94 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director A. Teague purchased 3,900 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the acquisition, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 20.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $477,000. AQR Capital Management LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Solaris Energy Infrastructure in the first quarter valued at $396,000. Goldman Sachs Group Inc. acquired a new position in Solaris Energy Infrastructure in the first quarter valued at $13,714,000. Finally, Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth about $28,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc (NYSE: SEI) is an energy infrastructure company that provides mobile, scalable power generation and management solutions. The company designs, manufactures, and deploys equipment intended to support customers that require reliable, flexible power in energy-intensive operating environments.

Solaris has historically served the North American oil and natural gas industry, supplying infrastructure used in well completion and other field operations. Its offerings include mobile power-generation systems, electrical distribution equipment, and related services designed to help customers manage on-site power requirements and reduce reliance on traditional diesel-based solutions.

The company has also expanded its focus beyond oilfield services to address growing power needs associated with data centers and other large-scale, power-intensive facilities.