Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Down – Here’s What Happened

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) gapped down before the market opened on Wednesday. The stock had previously closed at $69.37, but opened at $63.64. Solaris Energy Infrastructure shares last traded at $61.09, with a volume of 716,534 shares.

Analyst Ratings Changes

Several brokerages have issued reports on SEI. Weiss Ratings downgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Stifel Nicolaus increased their target price 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. Piper Sandler raised their target price on shares of Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Finally, Citigroup lifted their price target on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $94.08.

Solaris Energy Infrastructure Stock Performance

The stock has a fifty day simple moving average of $65.54 and a 200-day simple moving average of $63.37. The stock has a market cap of $4.34 billion, a P/E ratio of 66.71 and a beta of 1.40. 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 (NYSE:SEI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (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 return on equity of 13.26% and a net margin of 7.19%. On average, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current year.

Insider Activity

In other news, Director A. Teague bought 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price of $64.21 per share, with a total value of $250,419.00. Following the transaction, the director owned 116,865 shares in the company, valued at $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.23% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC lifted its position in shares of 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 in the last quarter. Balefire LLC grew its position in Solaris Energy Infrastructure by 12.3% in the third quarter. Balefire LLC now owns 3,109 shares of the company’s stock valued at $221,000 after purchasing an additional 341 shares in the last quarter. Gibbs Wealth Management increased its stake in Solaris Energy Infrastructure by 7.3% in the 3rd quarter. Gibbs Wealth Management now owns 6,812 shares of the company’s stock valued at $485,000 after buying an additional 461 shares during the last quarter. Parallel Advisors LLC increased its stake in Solaris Energy Infrastructure by 590.9% in the 3rd quarter. Parallel Advisors LLC now owns 684 shares of the company’s stock valued at $49,000 after buying an additional 585 shares during the last quarter. Finally, Bosman Wealth Management LLC increased its stake in Solaris Energy Infrastructure by 18.2% in the 3rd quarter. Bosman Wealth Management LLC now owns 3,882 shares of the company’s stock valued at $276,000 after buying an additional 598 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Solaris Energy Infrastructure Company Profile

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.