Solaris Energy Infrastructure, Inc. (NYSE:SEI) Stock Has Average Price Target of $89.42

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $92.00.

SEI has been the subject of a number of recent research reports. Weiss Ratings downgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wolfe Research started coverage on Solaris Energy Infrastructure in a report on Monday, July 6th. They set an “outperform” rating and a $120.00 target price on the stock. Wall Street Zen lowered Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Northland Securities set a $111.00 price target on Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Finally, Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th.

Solaris Energy Infrastructure Trading Up 1.6%

Shares of NYSE SEI opened at $71.22 on Wednesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12. Solaris Energy Infrastructure has a 52-week low of $38.30 and a 52-week high of $86.19. The firm has a 50 day moving average price of $58.81 and a two-hundred day moving average price of $64.98. The stock has a market cap of $5.45 billion, a P/E ratio of 83.79 and a beta of 1.25.

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 the consensus estimate of $0.31 by $0.08. The firm had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. As a group, equities analysts forecast that Solaris Energy Infrastructure will post 1.24 EPS for the current year.

Insiders Place Their Bets

In other news, Director A. Teague bought 3,900 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average price of $64.21 per share, with a total value of $250,419.00. Following the transaction, the director owned 116,865 shares of the company’s stock, valued at $7,503,901.65. This trade represents a 3.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors have recently modified their holdings of SEI. Concurrent Investment Advisors LLC lifted its stake in Solaris Energy Infrastructure by 4.4% in the second quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock valued at $572,000 after buying an additional 300 shares during the period. Swiss National Bank grew its position in shares of Solaris Energy Infrastructure by 0.7% during the 1st quarter. Swiss National Bank now owns 86,900 shares of the company’s stock worth $4,911,000 after buying an additional 600 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at $28,000. Sanctuary Advisors LLC increased its stake in shares of Solaris Energy Infrastructure by 12.8% in the 1st quarter. Sanctuary Advisors LLC now owns 5,552 shares of the company’s stock valued at $314,000 after acquiring an additional 632 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Solaris Energy Infrastructure by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,861 shares of the company’s stock valued at $670,000 after acquiring an additional 686 shares during the period. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Company Profile

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.