Zacks Research Upgrades Solaris Energy Infrastructure (NYSE:SEI) to Hold

Solaris Energy Infrastructure (NYSE:SEI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Barclays lifted their price target on shares of Solaris Energy Infrastructure from $86.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Wells Fargo & Company raised Solaris Energy Infrastructure from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $82.00 to $73.00 in a report on Monday, August 3rd. Northland Securities set a $104.00 target price on shares of Solaris Energy Infrastructure in a report on Friday, June 12th. Finally, Wall Street Zen lowered Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Solaris Energy Infrastructure Price Performance

SEI opened at $67.38 on Thursday. The stock has a fifty day moving average of $58.65 and a 200-day moving average of $63.84. The firm has a market capitalization of $5.16 billion, a P/E ratio of 79.27 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. Solaris Energy Infrastructure has a 12-month low of $29.89 and a 12-month high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results 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 company had revenue of $219.40 million during the quarter. Equities analysts forecast that Solaris Energy Infrastructure will post 0.94 EPS for the current fiscal year.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of $64.21 per share, with a total value of $250,419.00. Following the transaction, the director directly owned 116,865 shares of the company’s stock, valued at $7,503,901.65. This represents a 3.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in shares of Solaris Energy Infrastructure by 5.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after purchasing an additional 205 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Solaris Energy Infrastructure by 4.4% during the second quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock worth $572,000 after purchasing an additional 300 shares during the period. Legal & General Group Plc increased its position in Solaris Energy Infrastructure by 1.1% during the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock worth $1,467,000 after buying an additional 391 shares during the last quarter. Cerity Partners LLC increased its position in Solaris Energy Infrastructure by 3.3% during the second quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock worth $355,000 after buying an additional 397 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Solaris Energy Infrastructure by 1.4% in the second quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock valued at $913,000 after buying an additional 454 shares during the period. 67.44% of the stock is owned by institutional investors.

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.