Solaris Energy Infrastructure (NYSE:SEI) Stock Falls 9.8% – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) traded down 9.8% during mid-day trading on Wednesday. The stock traded as low as $70.03 and last traded at $70.18. Approximately 1,362,803 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 2,738,424 shares. The stock had previously closed at $77.83.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SEI shares. Piper Sandler raised their target price on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. 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. Barclays boosted their price target on shares of Solaris Energy Infrastructure from $90.00 to $116.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC lifted their price objective on Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Buy” and a consensus price target of $94.17.

Solaris Energy Infrastructure Stock Down 9.8%

The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 82.60 and a beta of 1.28. The firm has a fifty day moving average price of $63.41 and a 200-day moving average price of $66.34.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results 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 during the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. As a group, sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.24 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague acquired 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased 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 owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Institutional investors have recently bought and sold shares of the company. GK Wealth Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $79,000. Balefire LLC lifted its stake in shares of Solaris Energy Infrastructure by 12.3% in the 3rd quarter. Balefire LLC now owns 3,109 shares of the company’s stock valued at $221,000 after acquiring an additional 341 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Solaris Energy Infrastructure by 86.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,503 shares of the company’s stock valued at $178,000 after purchasing an additional 1,159 shares during the period. Two Seas Capital LP purchased a new position in Solaris Energy Infrastructure in the third quarter worth about $56,007,000. Finally, Engineers Gate Manager LP purchased a new stake in Solaris Energy Infrastructure in the second quarter worth about $475,000. 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.