Solaris Energy Infrastructure (NYSE:SEI) Raised to “Hold” at Zacks Research

Solaris Energy Infrastructure (NYSE:SEI) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday, Zacks reports.

Several other brokerages have also recently commented on SEI. Morgan Stanley increased their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Piper Sandler lifted their target price on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Stifel Nicolaus set a $98.00 price target on Solaris Energy Infrastructure in a report on Friday, August 7th. Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research report on Friday, June 12th. Finally, Raymond James Financial increased their target price on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Solaris Energy Infrastructure Stock Up 5.0%

Shares of NYSE:SEI opened at $67.38 on Thursday. 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 fifty day simple moving average of $58.65 and a 200 day simple moving average of $63.84. The firm has a market cap of $5.16 billion, a PE ratio of 79.27 and a beta of 1.25. Solaris Energy Infrastructure has a 12-month low of $29.89 and a 12-month high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last posted 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. The firm 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 research analysts anticipate that Solaris Energy Infrastructure will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director A. Teague acquired 3,900 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the acquisition, the director directly owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 added to or reduced their stakes in SEI. Engineers Gate Manager LP acquired a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at $475,000. Integrated Wealth Concepts LLC acquired a new position in Solaris Energy Infrastructure during the second quarter worth about $219,000. NewEdge Advisors LLC bought a new stake in Solaris Energy Infrastructure in the second quarter worth about $880,000. Nykredit A S bought a new stake in Solaris Energy Infrastructure in the second quarter worth about $164,000. Finally, California State Teachers Retirement System lifted its holdings in Solaris Energy Infrastructure by 7,779.5% in the 2nd quarter. California State Teachers Retirement System now owns 4,080,851 shares of the company’s stock valued at $328,345,000 after acquiring an additional 4,029,060 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.