Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Up Following Analyst Upgrade

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price gapped up prior to trading on Wednesday after Needham & Company LLC raised their price target on the stock from $104.00 to $126.00. The stock had previously closed at $61.87, but opened at $67.25. Needham & Company LLC currently has a buy rating on the stock. Solaris Energy Infrastructure shares last traded at $66.6340, with a volume of 220,667 shares.

Several other research firms have also issued reports on SEI. Barclays boosted their price target on Solaris Energy Infrastructure from $116.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, November 6th. Northland Securities set a $111.00 price objective on Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Raymond James Financial raised Solaris Energy Infrastructure from a “moderate buy” rating to a “strong-buy” rating and set a $113.00 price objective on the stock in a research note on Friday. Wells Fargo & Company lowered their price objective on Solaris Energy Infrastructure from $72.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, November 6th. Finally, Citigroup boosted their price objective on Solaris Energy Infrastructure from $100.00 to $104.00 and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $100.38.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague acquired 3,900 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average price of $64.21 per share, with a total value of $250,419.00. Following the completion of the purchase, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Public Sector Pension Investment Board bought a new stake in shares of Solaris Energy Infrastructure during the third quarter valued at approximately $28,502,000. Global Retirement Partners LLC boosted its position in shares of Solaris Energy Infrastructure by 10.2% during the third quarter. Global Retirement Partners LLC now owns 4,050 shares of the company’s stock worth $288,000 after acquiring an additional 374 shares during the last quarter. South Dakota Investment Council bought a new position in shares of Solaris Energy Infrastructure during the third quarter worth $6,371,000. Banco Santander S.A. boosted its position in shares of Solaris Energy Infrastructure by 51.6% during the third quarter. Banco Santander S.A. now owns 184,309 shares of the company’s stock worth $13,119,000 after acquiring an additional 62,769 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Solaris Energy Infrastructure by 82.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,925 shares of the company’s stock valued at $2,415,000 after acquiring an additional 15,364 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Up 6.4%

The company has a quick ratio of 4.03, a current ratio of 2.10 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $5.04 billion, a PE ratio of 68.60 and a beta of 1.40. The company’s 50 day moving average is $66.17 and its two-hundred day moving average is $63.42.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.22 by $0.23. The business had revenue of $341.09 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 12.82%. On average, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.38 earnings per share for the current year.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Tuesday, December 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is 50.00%.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc. provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells. The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S. shale basins, while its power solutions serve customers seeking scalable power generation.