Solaris Energy Infrastructure (NYSE:SEI) Trading Down 3.5% – Here’s What Happened

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was down 3.5% during mid-day trading on Tuesday . The stock traded as low as $65.91 and last traded at $66.70. 323,433 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 2,770,604 shares. The stock had previously closed at $69.09.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Raymond James Financial boosted their price target on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Barclays raised their price objective on shares of Solaris Energy Infrastructure from $86.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Morgan Stanley lifted their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Piper Sandler increased their price target 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. Finally, Northland Securities set a $111.00 price target on Solaris Energy Infrastructure in a research report on Wednesday, September 16th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $89.42.

Solaris Energy Infrastructure Stock Down 2.7%

The business’s 50-day moving average is $58.47 and its two-hundred day moving average is $64.56. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 79.07 and a beta of 1.25. 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 issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (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 firm had revenue of $219.40 million during the quarter. On average, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.24 earnings per share for the current year.

Insider Activity

In other news, Director A. Teague acquired 3,900 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the transaction, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 20.23% of the stock is owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds have recently bought and sold shares of the stock. Situational Awareness LP raised 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 valued at $90,889,000 after buying an additional 24,070 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Solaris Energy Infrastructure by 215.1% during the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock worth $66,667,000 after acquiring an additional 805,319 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Solaris Energy Infrastructure by 19.6% in the first quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock valued at $49,239,000 after purchasing an additional 142,973 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at approximately $46,967,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Solaris Energy Infrastructure in the second quarter worth $30,881,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc (NYSE: SEI) is an energy infrastructure company that provides mobile, scalable power generation and management solutions. The company designs, manufactures, and deploys equipment intended to support customers that require reliable, flexible power in energy-intensive operating environments.

Solaris has historically served the North American oil and natural gas industry, supplying infrastructure used in well completion and other field operations. Its offerings include mobile power-generation systems, electrical distribution equipment, and related services designed to help customers manage on-site power requirements and reduce reliance on traditional diesel-based solutions.

The company has also expanded its focus beyond oilfield services to address growing power needs associated with data centers and other large-scale, power-intensive facilities.