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

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) shot up 8.7% on Monday. The stock 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 research firms have commented on SEI. Zacks Research raised shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Citigroup upped their price target on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Raymond James Financial increased their price objective on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $94.08.

Solaris Energy Infrastructure Trading Up 7.3%

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 stock has a market capitalization of $4.83 billion, a P/E ratio of 74.14 and a beta of 1.28. The firm’s 50-day simple moving average is $64.19 and its 200 day simple moving average is $66.80.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. Equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director A. Teague bought 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average cost of $64.21 per share, with a total value of $250,419.00. Following the completion of the purchase, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 20.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SEI. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of Solaris Energy Infrastructure by 146.2% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company’s stock worth $73,244,000 after acquiring an additional 611,000 shares during the last quarter. Gibbs Wealth Management lifted its holdings in shares of Solaris Energy Infrastructure by 7.3% during the third quarter. Gibbs Wealth Management now owns 6,812 shares of the company’s stock valued at $485,000 after purchasing an additional 461 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Solaris Energy Infrastructure by 10.6% during the third quarter. Wedbush Securities Inc. now owns 9,137 shares of the company’s stock valued at $650,000 after purchasing an additional 877 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Solaris Energy Infrastructure by 893.6% during the third quarter. Sterling Capital Management LLC now owns 1,858 shares of the company’s stock valued at $132,000 after purchasing an additional 1,671 shares during the last quarter. Finally, Yousif Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $1,221,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.