Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up – Should You Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares gapped up before the market opened on Wednesday . The stock had previously closed at $22.23, but opened at $23.62. Solaris Energy Infrastructure shares last traded at $24.07, with a volume of 95,331 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SEI. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target on the stock. Piper Sandler began coverage on Solaris Energy Infrastructure in a research note on Thursday, February 20th. They issued an “overweight” rating and a $37.00 target price on the stock. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Price Performance

The firm has a fifty day moving average price of $29.14. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.64 billion, a PE ratio of 55.36 and a beta of 1.32.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure’s payout ratio is 97.96%.

About Solaris Energy Infrastructure

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.