Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Down – Should You Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares gapped down prior to trading on Thursday. The stock had previously closed at $69.37, but opened at $65.01. Solaris Energy Infrastructure shares last traded at $63.06, with a volume of 1,360,861 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Needham & Company LLC increased their target price on Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. Raymond James Financial boosted their price target on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Piper Sandler increased their price objective on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Zacks Research upgraded Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Buy” and an average price target of $94.17.

Solaris Energy Infrastructure Stock Down 3.5%

The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 73.95 and a beta of 1.28. The business has a fifty day moving average of $63.95 and a 200 day moving average of $66.44. 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. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The business had revenue of $219.40 million for the quarter. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.16 earnings per share for the current year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director A. Teague acquired 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, with a total value of $250,419.00. Following the completion of the acquisition, the director 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 legal filing with the SEC, which can be accessed through this link. Insiders own 20.23% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in Solaris Energy Infrastructure during the 3rd quarter valued at approximately $790,000. GK Wealth Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at approximately $79,000. Balefire LLC increased its holdings in shares of Solaris Energy Infrastructure by 12.3% in the third quarter. Balefire LLC now owns 3,109 shares of the company’s stock valued at $221,000 after purchasing an additional 341 shares during the period. GAMMA Investing LLC increased its holdings in shares of Solaris Energy Infrastructure by 86.2% in the third quarter. GAMMA Investing LLC now owns 2,503 shares of the company’s stock valued at $178,000 after purchasing an additional 1,159 shares during the period. Finally, Two Seas Capital LP purchased a new stake in shares of Solaris Energy Infrastructure during the third quarter worth approximately $56,007,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc (NYSE: SEI) is an energy infrastructure company that develops, owns and operates mobile and distributed power-generation and energy-management systems. The company provides customers with reliable electricity and related infrastructure designed for applications that require flexible, scalable power capacity.

Solaris’ offerings have historically included natural gas-powered mobile generators, battery energy-storage systems, power distribution equipment and associated services.