Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $104.00

by · The Cerbat Gem

Solaris Energy Infrastructure (NYSE:SEI – Free Report) had its target price hoisted by Needham & Company LLC from $98.00 to $104.00 in a research report released on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler upped their price objective on shares of Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. 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 research report on Thursday, June 4th. Wolfe Research assumed coverage on Solaris Energy Infrastructure in a research note on Monday, July 6th. They issued an “outperform” rating and a $120.00 target price on the stock. Stifel Nicolaus set a $98.00 target price on Solaris Energy Infrastructure in a report on Friday, August 7th. Finally, Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $89.42.

Read Our Latest Stock Analysis on Solaris Energy Infrastructure

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $69.00 on Tuesday. Solaris Energy Infrastructure has a 1 year low of $34.08 and a 1 year high of $86.19. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 81.18 and a beta of 1.25. The company has a fifty day moving average price of $58.48 and a 200-day moving average price of $64.26.

Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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. As a group, equities research analysts predict that Solaris Energy Infrastructure will post 0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director A. Teague bought 3,900 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the purchase, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 20.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently modified their holdings of SEI. Situational Awareness LP lifted its stake in Solaris Energy Infrastructure by 2.2% in the second quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock valued at $90,889,000 after purchasing an additional 24,070 shares during the last quarter. Jennison Associates LLC increased its position in Solaris Energy Infrastructure by 215.1% in the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock worth $66,667,000 after buying an additional 805,319 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Solaris Energy Infrastructure by 19.6% in the first quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock worth $49,239,000 after buying an additional 142,973 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at $46,967,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at $30,881,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

(Get Free Report)

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.

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