Solaris Energy Infrastructure (NYSE:SEI) Stock Price Down 8.4% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price traded down 8.4% during mid-day trading on Monday . The company traded as low as $61.00 and last traded at $61.79. Approximately 997,030 shares traded hands during trading, a decline of 64% from the average daily volume of 2,759,374 shares. The stock had previously closed at $67.42.

Analysts Set New Price Targets

SEI has been the subject of several recent research reports. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. Weiss Ratings lowered Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Northland Securities set a $104.00 price objective on Solaris Energy Infrastructure in a research note on Friday, June 12th. Morgan Stanley boosted their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Finally, Needham & Company LLC increased their price target on Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday. Ten research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.83.

Solaris Energy Infrastructure Stock Performance

The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 72.39 and a beta of 1.25. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. The stock has a 50 day simple moving average of $58.48 and a two-hundred day simple moving average of $64.03.

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

Insider Activity

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

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Situational Awareness LP grew its stake in shares of Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares during the last quarter. Dockside LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 4th quarter worth $3,803,000. Rokos Capital Management LLP purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $1,900,000. Penn Capital Management Company LLC raised its holdings in Solaris Energy Infrastructure by 1,559.3% during the fourth quarter. Penn Capital Management Company LLC now owns 288,343 shares of the company’s stock worth $13,269,000 after purchasing an additional 270,966 shares in the last quarter. Finally, Gunderson Capital Management LLC purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at approximately $3,408,000. 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.