Solaris Energy Infrastructure, Inc. $SEI Shares Purchased by Covestor Ltd

Covestor Ltd increased its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 75,316.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,050 shares of the company’s stock after acquiring an additional 9,038 shares during the period. Covestor Ltd’s holdings in Solaris Energy Infrastructure were worth $645,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SEI. Oregon Public Employees Retirement Fund acquired a new stake in Solaris Energy Infrastructure in the third quarter valued at $1,053,000. Profund Advisors LLC raised its holdings in Solaris Energy Infrastructure by 9.4% during the third quarter. Profund Advisors LLC now owns 7,038 shares of the company’s stock worth $501,000 after purchasing an additional 603 shares in the last quarter. ProShare Advisors LLC raised its holdings in Solaris Energy Infrastructure by 12.1% during the third quarter. ProShare Advisors LLC now owns 7,833 shares of the company’s stock worth $558,000 after purchasing an additional 847 shares in the last quarter. Brooklands Fund Management Ltd purchased a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter worth approximately $2,881,000. Finally, Bosman Wealth Management LLC boosted its holdings in shares of Solaris Energy Infrastructure by 18.2% in the 3rd quarter. Bosman Wealth Management LLC now owns 3,882 shares of the company’s stock valued at $276,000 after buying an additional 598 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Trading Down 17.2%

Shares of Solaris Energy Infrastructure stock opened at $57.42 on Thursday. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 67.55 and a beta of 1.40. The company’s 50-day simple moving average is $65.63 and its 200-day simple moving average is $63.38. Solaris Energy Infrastructure, Inc. has a 52-week low of $38.50 and a 52-week high of $86.19. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.23. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. The firm had revenue of $341.09 million during the quarter. As a group, equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current year.

Solaris Energy Infrastructure News Summary

Here are the key news stories impacting Solaris Energy Infrastructure this week:

• Positive Sentiment: SEI reported adjusted/pro forma Q3 EPS of $0.45, above the $0.22 Zacks consensus and the $0.29 FactSet estimate cited elsewhere. EPS also rose from $0.32 a year earlier. Revenue was $341.1 million, and adjusted EBITDA was $136 million. Zacks earnings report
• Positive Sentiment: The company announced additional power contracts and increased guidance, supporting its power-focused strategy and potentially improving its growth outlook. Company results and guidance announcement
• Positive Sentiment: Piper Sandler maintained its Buy rating, offering continued analyst support. Piper Sandler rating
• Neutral Sentiment: SEI traded lower during regular hours, but its results came after the close and a report noted an after-hours gain. The available articles do not identify a specific reason for the earlier decline. Yahoo Finance earnings and after-hours report

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director A. Teague purchased 3,900 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 116,865 shares of the company’s stock, valued at $7,503,901.65. This trade represents a 3.45% increase in their position. The transaction 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 company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Northland Securities set a $111.00 target price on shares of Solaris Energy Infrastructure in a research report on Wednesday, September 16th. Zacks Research raised shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Citigroup upped their price objective on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Weiss Ratings lowered Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $104.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, October 30th. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $94.08.

About Solaris Energy Infrastructure

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.