Solaris Energy Infrastructure (NYSE:SEI) Stock Price Down 5.3% – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was down 5.3% on Tuesday. The stock traded as low as $61.85 and last traded at $62.26. Approximately 187,037 shares traded hands during trading, a decline of 93% from the average daily volume of 2,766,710 shares. The stock had previously closed at $65.76.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SEI shares. Barclays lifted their price objective on Solaris Energy Infrastructure from $90.00 to $116.00 and gave the stock an “overweight” rating in a report on Monday, September 28th. Wall Street Zen upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. Piper Sandler upped their price objective 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. 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 report on Thursday, September 24th. Finally, Weiss Ratings downgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $94.17.

Solaris Energy Infrastructure Price Performance

The business’s fifty day simple moving average is $64.08 and its 200-day simple moving average is $66.60. 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 $4.93 billion, a P/E ratio of 75.79 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $219.40 million for the quarter. As a group, analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.16 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 that occurred on Tuesday, September 8th. The shares were bought at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the purchase, the director 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its position in shares of Solaris Energy Infrastructure by 215.1% during the 1st 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 in the last quarter. Two Seas Capital LP bought a new position in shares of Solaris Energy Infrastructure in the third quarter worth $56,007,000. Ranger Investment Management L.P. purchased a new stake in shares of Solaris Energy Infrastructure in the second quarter worth $46,967,000. Bank of New York Mellon Corp purchased a new stake in shares of Solaris Energy Infrastructure in the second quarter worth $30,881,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in shares of Solaris Energy Infrastructure by 536.1% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 388,000 shares of the company’s stock worth $21,926,000 after buying an additional 327,000 shares in 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 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.