Solaris Energy Infrastructure’s (SEI) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Solaris Energy Infrastructure (NYSE:SEI) in a report published on Friday,Benzinga reports. The firm currently has a $104.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company lowered their target price on Solaris Energy Infrastructure from $85.00 to $72.00 and set an “overweight” rating for the company in a report on Monday. Raymond James Financial raised their target price on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Wall Street Zen raised Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. Zacks Research raised Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Finally, Piper Sandler lifted their price target on shares of Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $94.08.

Solaris Energy Infrastructure Stock Up 2.2%

Shares of NYSE SEI opened at $70.66 on Friday. The company has a 50 day simple moving average of $64.99 and a 200 day simple moving average of $63.22. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. Solaris Energy Infrastructure has a 1 year low of $38.50 and a 1 year high of $86.19. The firm has a market cap of $5.41 billion, a PE ratio of 83.13 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping 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 for the quarter. On average, research analysts forecast that Solaris Energy Infrastructure will post 1.42 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director A. Teague purchased 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average cost of $64.21 per share, with a total value of $250,419.00. Following the acquisition, the director owned 116,865 shares of the company’s stock, valued at $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.23% of the stock is owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at about $44,000. West Branch Capital LLC purchased a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $71,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter valued at $84,000. GK Wealth Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the 3rd quarter worth about $79,000. Finally, SBI Securities Co. Ltd. boosted its stake in Solaris Energy Infrastructure by 111.8% in the third quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the company’s stock worth $83,000 after buying an additional 616 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Company Profile

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.