Solaris Energy Infrastructure (NYSE:SEI) Upgraded 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 note issued to investors on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Needham & Company LLC lifted their price target on shares of Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Northland Securities set a $111.00 price objective on Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Wells Fargo & Company restated an “outperform” rating and set a $85.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, September 25th. Wolfe Research assumed coverage on Solaris Energy Infrastructure in a research report on Monday, July 6th. They set an “outperform” rating and a $120.00 target price for the company. Finally, Piper Sandler upped their target price on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.17.

Solaris Energy Infrastructure Trading Up 0.1%

SEI stock opened at $74.97 on Friday. The company has a market capitalization of $5.74 billion, a PE ratio of 88.20 and a beta of 1.28. Solaris Energy Infrastructure has a 12 month low of $38.50 and a 12 month high of $86.19. The firm’s 50-day moving average is $60.30 and its 200 day moving average is $65.76. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data 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 company had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. On average, research analysts anticipate that Solaris Energy Infrastructure 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 purchased 3,900 shares of the stock in a transaction dated Tuesday, September 8th. The stock was purchased 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 of the company’s stock, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.23% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently bought and sold shares of SEI. Rockefeller Capital Management L.P. lifted its holdings in Solaris Energy Infrastructure by 507.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company’s stock worth $76,000 after buying an additional 1,380 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of Solaris Energy Infrastructure in the 2nd quarter valued at $84,000. Caitong International Asset Management Co. Ltd raised its position in shares of Solaris Energy Infrastructure by 179.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,194 shares of the company’s stock worth $101,000 after acquiring an additional 1,408 shares in the last quarter. Nykredit A S bought a new position in shares of Solaris Energy Infrastructure in the 2nd quarter worth $164,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $167,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Company Profile

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.