Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Up – Time to Buy?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $63.34, but opened at $67.69. Solaris Energy Infrastructure shares last traded at $67.42, with a volume of 344,386 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on the company. Wolfe Research started coverage on Solaris Energy Infrastructure in a report on Monday, July 6th. They issued an “outperform” rating and a $120.00 price objective on the stock. Citigroup increased their target price on Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Wells Fargo & Company reissued an “outperform” rating and issued a $85.00 price target on shares of Solaris Energy Infrastructure in a research note on Friday, September 25th. Northland Securities set a $111.00 price target on shares of Solaris Energy Infrastructure in a report on Wednesday, September 16th. Finally, Wall Street Zen raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $94.17.

Solaris Energy Infrastructure Stock Performance

The firm has a fifty day moving average price of $64.17 and a 200 day moving average price of $66.65. 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 firm has a market cap of $5.28 billion, a PE ratio of 81.08 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, beating the consensus estimate 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%. As a group, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director A. Teague purchased 3,900 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 116,865 shares in the company, valued at approximately $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 SEC, which is available at this link. 20.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC raised its position in Solaris Energy Infrastructure by 215.1% in 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. Situational Awareness LP lifted its stake in Solaris Energy Infrastructure by 2.2% during the second quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock worth $90,889,000 after purchasing an additional 24,070 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Solaris Energy Infrastructure by 19.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock valued at $49,239,000 after acquiring an additional 142,973 shares in the last quarter. Two Seas Capital LP acquired a new position in Solaris Energy Infrastructure in the 3rd quarter valued at about $56,007,000. Finally, Ranger Investment Management L.P. acquired a new position in Solaris Energy Infrastructure in the 2nd quarter valued at about $46,967,000. Hedge funds and other institutional investors 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.