Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Down – Here’s Why

Solaris Energy Infrastructure, Inc. (NYSE:SEI) 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.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wolfe Research began coverage on shares of Solaris Energy Infrastructure in a research note on Monday, July 6th. They set an “outperform” rating and a $120.00 price objective on the stock. Needham & Company LLC boosted their price objective on Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Piper Sandler upped their price target on shares of Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Wells Fargo & Company reiterated an “outperform” rating and set a $85.00 target price on shares of Solaris Energy Infrastructure in a report on Friday, September 25th. Finally, Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of “Buy” and a consensus price target of $94.17.

Solaris Energy Infrastructure Trading Down 10.9%

The business’s 50 day moving average price is $63.69 and its 200-day moving average price is $66.41. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 72.75 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping 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, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.16 EPS for the current fiscal year.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director A. Teague bought 3,900 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $64.21 per share, for a total transaction 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 represents a 3.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP acquired a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter worth approximately $3,058,000. Two Seas Capital LP bought a new stake in shares of Solaris Energy Infrastructure during the third quarter valued at approximately $56,007,000. Rokos Capital Management LLP bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $1,900,000. Gunderson Capital Management LLC acquired a new position in Solaris Energy Infrastructure during the first quarter worth $3,408,000. Finally, Ranger Investment Management L.P. acquired a new position in Solaris Energy Infrastructure during the second quarter worth $46,967,000. Institutional investors own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

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.