Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Down – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares gapped down before the market opened on Thursday. The stock had previously closed at $69.37, but opened at $65.01. Solaris Energy Infrastructure shares last traded at $63.06, with a volume of 1,360,861 shares.

Analyst Ratings Changes

SEI has been the subject of several analyst reports. Weiss Ratings downgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Raymond James Financial increased their price target on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Stifel Nicolaus lifted 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. Finally, Piper Sandler lifted their price objective on shares of Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $94.17.

Solaris Energy Infrastructure Stock Down 10.9%

The stock has a market capitalization of $4.74 billion, a P/E ratio of 72.75 and a beta of 1.28. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. The stock has a fifty day moving average price of $63.69 and a 200 day moving average price of $66.41.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $219.40 million during the quarter. On average, research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.16 earnings per share 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 on Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, with a total value of $250,419.00. Following the acquisition, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several hedge funds have recently added to or reduced their stakes in SEI. Concurrent Investment Advisors LLC raised its stake in shares of Solaris Energy Infrastructure by 4.4% during the second quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock worth $572,000 after acquiring an additional 300 shares in the last quarter. Balefire LLC increased its holdings in Solaris Energy Infrastructure by 12.3% during the 3rd quarter. Balefire LLC now owns 3,109 shares of the company’s stock valued at $221,000 after purchasing an additional 341 shares during the period. Swiss National Bank lifted its holdings in Solaris Energy Infrastructure by 0.7% in the 1st quarter. Swiss National Bank now owns 86,900 shares of the company’s stock worth $4,911,000 after buying an additional 600 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Solaris Energy Infrastructure by 12.8% during the first quarter. Sanctuary Advisors LLC now owns 5,552 shares of the company’s stock valued at $314,000 after acquiring an additional 632 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Solaris Energy Infrastructure by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 11,861 shares of the company’s stock worth $670,000 after buying an additional 686 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

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.