Solaris Energy Infrastructure (NYSE:SEI) Shares Climb 5.1% – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares rose 5.1% on Monday. The stock traded as high as $66.72 and last traded at $65.95. Approximately 693,074 shares were traded during trading, a decline of 75% from the average session volume of 2,765,995 shares. The stock had previously closed at $62.74.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SEI shares. Wells Fargo & Company restated an “outperform” rating and issued a $85.00 target price on shares of Solaris Energy Infrastructure in a report on Friday, September 25th. Raymond James Financial upped their target price on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Needham & Company LLC upped their target price on Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Northland Securities set a $111.00 price target on Solaris Energy Infrastructure in a research report on Wednesday, September 16th. Finally, Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Buy” and an average price target of $94.17.

Solaris Energy Infrastructure Stock Performance

The firm’s 50-day moving average price is $64.17 and its two-hundred day moving average price is $66.65. 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 capitalization of $4.83 billion, a PE ratio of 43.84 and a beta of 1.28.

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 the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The business had revenue of $219.40 million during the quarter. As a group, research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director A. Teague bought 3,900 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were bought at an average cost of $64.21 per share, with a total value of $250,419.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC lifted its position in shares of Solaris Energy Infrastructure by 215.1% in the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock worth $66,667,000 after purchasing an additional 805,319 shares in the last quarter. Situational Awareness LP boosted its holdings in shares of 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 during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Solaris Energy Infrastructure by 19.6% during the first quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock worth $49,239,000 after purchasing an additional 142,973 shares during the period. Two Seas Capital LP purchased a new position in Solaris Energy Infrastructure during the third quarter valued at approximately $56,007,000. Finally, Ranger Investment Management L.P. purchased a new position in Solaris Energy Infrastructure during the second quarter valued at approximately $46,967,000. Institutional investors and hedge funds 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.