Solaris Energy Infrastructure, Inc. (NYSE:SEI) Stock Has Average Price Target of $89.42 According to Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $92.00.

A number of equities research analysts have issued reports on SEI shares. Barclays upped their target price on Solaris Energy Infrastructure from $86.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Piper Sandler boosted 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 note on Thursday, August 27th. Wolfe Research initiated coverage on shares of Solaris Energy Infrastructure in a report on Monday, July 6th. They set an “outperform” rating and a $120.00 price objective for the company. Needham & Company LLC raised their target price on shares of Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Finally, Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th.

Get Our Latest Report on Solaris Energy Infrastructure

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 116,865 shares in the company, valued at $7,503,901.65. This trade represents a 3.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several large investors have recently made changes to their positions in the business. Engineers Gate Manager LP bought a new stake in Solaris Energy Infrastructure during the 2nd quarter valued at approximately $475,000. Integrated Wealth Concepts LLC bought a new position in Solaris Energy Infrastructure in the 2nd quarter worth approximately $219,000. NewEdge Advisors LLC bought a new position in Solaris Energy Infrastructure in the 2nd quarter worth approximately $880,000. Nykredit A S acquired a new position in shares of Solaris Energy Infrastructure during the second quarter worth approximately $164,000. Finally, Readystate Asset Management LP acquired a new position in shares of Solaris Energy Infrastructure during the second quarter worth approximately $3,058,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

NYSE SEI opened at $71.22 on Wednesday. Solaris Energy Infrastructure has a fifty-two week low of $38.30 and a fifty-two week high of $86.19. The stock’s 50-day moving average is $58.81 and its two-hundred day moving average is $65.09. 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 $5.45 billion, a P/E ratio of 83.79 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%.The business had revenue of $219.40 million for the quarter. On average, analysts anticipate that Solaris Energy Infrastructure will post 1.24 earnings per share for the current fiscal year.

About Solaris Energy Infrastructure

(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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Analyst Recommendations for Solaris Energy Infrastructure (NYSE:SEI)

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