Solaris Energy Infrastructure (NYSE:SEI) Stock Rating Raised to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Solaris Energy Infrastructure (NYSE:SEI) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other brokerages have also recently weighed in on SEI. Weiss Ratings cut Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Solaris Energy Infrastructure in a research note on Friday, September 25th. Stifel Nicolaus upped their target price on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Citigroup increased their target price on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Finally, Piper Sandler raised 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. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.17.

Solaris Energy Infrastructure Price Performance

Shares of NYSE SEI opened at $74.83 on Friday. 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 fifty-two week low of $38.50 and a fifty-two week high of $86.19. The stock has a market cap of $5.73 billion, a PE ratio of 88.04 and a beta of 1.28. The stock has a fifty day moving average of $59.85 and a 200-day moving average of $65.62.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (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 business had revenue of $219.40 million for the quarter. Equities research analysts anticipate that Solaris Energy Infrastructure will post 1.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director A. Teague bought 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 $7,503,901.65. This trade represents a 3.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 20.23% of the stock is owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the stock. 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 worth $572,000 after purchasing an additional 300 shares during the last quarter. Swiss National Bank grew its stake in shares of Solaris Energy Infrastructure by 0.7% during the first quarter. Swiss National Bank now owns 86,900 shares of the company’s stock valued at $4,911,000 after buying an additional 600 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Solaris Energy Infrastructure by 12.8% in the first quarter. Sanctuary Advisors LLC now owns 5,552 shares of the company’s stock worth $314,000 after buying an additional 632 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Solaris Energy Infrastructure by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 11,861 shares of the company’s stock worth $670,000 after buying an additional 686 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of Solaris Energy Infrastructure by 9.1% in the 1st quarter. Stephens Inc. AR now owns 9,401 shares of the company’s stock valued at $531,000 after acquiring an additional 782 shares during the last quarter. Hedge funds and other 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.