Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Up – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) gapped up before the market opened on Tuesday . The stock had previously closed at $55.00, but opened at $61.85. Solaris Energy Infrastructure shares last traded at $63.77, with a volume of 869,825 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research report on Friday, June 12th. 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 price objective for the company. Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $98.00 price objective on Solaris Energy Infrastructure in a research note on Friday, August 7th. Finally, Weiss Ratings downgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.17.

Solaris Energy Infrastructure Stock Performance

The stock has a market capitalization of $4.84 billion, a P/E ratio of 74.38 and a beta of 1.25. 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 business has a fifty day moving average price of $59.13 and a 200-day moving average price of $63.49.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping 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 company had revenue of $219.40 million during the quarter. On average, sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 0.84 EPS for the current year.

Institutional Trading of Solaris Energy Infrastructure

A number of large investors have recently made changes to their positions in SEI. California State Teachers Retirement System raised its holdings in shares of Solaris Energy Infrastructure by 7,779.5% during the second quarter. California State Teachers Retirement System now owns 4,080,851 shares of the company’s stock valued at $328,345,000 after purchasing an additional 4,029,060 shares during the last quarter. Readystate Asset Management LP purchased a new stake in Solaris Energy Infrastructure in the second quarter worth approximately $3,058,000. Ameritas Advisory Services LLC purchased a new stake in Solaris Energy Infrastructure in the second quarter worth approximately $396,000. Odyssean LLC grew its position in Solaris Energy Infrastructure by 49.2% in the 2nd quarter. Odyssean LLC now owns 22,862 shares of the company’s stock worth $1,839,000 after purchasing an additional 7,539 shares during the period. Finally, Situational Awareness LP grew its position in Solaris Energy Infrastructure by 2.2% in the 2nd 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. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.