Solaris Energy Infrastructure (NYSE:SEI) Stock Jumps 8.7% – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares traded up 8.7% during trading on Monday. The company traded as high as $64.09 and last traded at $63.84. 957,258 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 2,774,620 shares. The stock had previously closed at $58.74.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Citigroup lifted their price objective on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Morgan Stanley boosted their target price on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Barclays raised their price objective on shares of Solaris Energy Infrastructure from $90.00 to $116.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $94.08.

Solaris Energy Infrastructure Stock Performance

The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 79.98 and a beta of 1.28. The firm has a fifty day moving average of $64.31 and a 200-day moving average of $62.96.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping 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 firm had revenue of $219.40 million during the quarter. As a group, sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.42 EPS for the current year.

Insider Activity at Solaris Energy Infrastructure

In other news, Director A. Teague bought 3,900 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the acquisition, the director owned 116,865 shares of the company’s stock, valued at $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jennison Associates LLC raised its stake in shares of Solaris Energy Infrastructure by 215.1% during the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after purchasing an additional 805,319 shares during the period. Two Seas Capital LP acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter worth approximately $56,007,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in Solaris Energy Infrastructure by 146.2% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company’s stock valued at $73,244,000 after purchasing an additional 611,000 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in Solaris Energy Infrastructure during the second quarter worth about $46,967,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter worth approximately $30,881,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.