Solaris Energy Infrastructure (NYSE:SEI) Stock Jumps 8.7% – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was up 8.7% on Monday. The company traded as high as $64.09 and last traded at $63.84. 957,258 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,774,620 shares. The stock had previously closed at $58.74.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SEI shares. Northland Securities set a $111.00 price target on shares of Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Raymond James Financial boosted their price objective on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Wolfe Research started coverage on shares of Solaris Energy Infrastructure in a research note on Monday, July 6th. They set an “outperform” rating and a $120.00 price objective on the stock. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 3rd. Finally, Barclays lifted their target price on shares of Solaris Energy Infrastructure from $90.00 to $116.00 and gave the stock an “overweight” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and a consensus target price of $94.08.

Solaris Energy Infrastructure Stock Up 7.3%

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 firm’s fifty day moving average is $64.19 and its 200-day moving average is $66.80. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 74.14 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI) last announced 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. 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. On average, sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current year.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director A. Teague purchased 3,900 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, September 8th. The stock was bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the completion of the acquisition, the director owned 116,865 shares in the company, valued at $7,503,901.65. The trade was a 3.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently made changes to their positions in the company. West Branch Capital LLC bought a new position in Solaris Energy Infrastructure in the 3rd quarter worth approximately $71,000. Rockefeller Capital Management L.P. raised its stake in Solaris Energy Infrastructure by 507.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company’s stock valued at $76,000 after acquiring an additional 1,380 shares in the last quarter. GK Wealth Management LLC acquired a new position in Solaris Energy Infrastructure during the 3rd quarter worth $79,000. SBI Securities Co. Ltd. grew its stake in shares of Solaris Energy Infrastructure by 111.8% in the third quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the company’s stock worth $83,000 after purchasing an additional 616 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Solaris Energy Infrastructure in the second quarter worth $84,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.