Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 8.1% – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price shot up 8.1% during mid-day trading on Tuesday . The company traded as high as $30.50 and last traded at $30.44. 397,898 shares changed hands during trading, a decline of 56% from the average session volume of 907,764 shares. The stock had previously closed at $28.16.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SEI shares. Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Pickering Energy Partners raised Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price target on the stock.

Solaris Energy Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The stock’s 50 day moving average price is $28.81. The firm has a market capitalization of $2.03 billion, a P/E ratio of 68.85 and a beta of 1.35.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.