Needham & Company LLC Boosts Solaris Energy Infrastructure (NYSE:SEI) Price Target to $104.00

Key Points

• Needham raised Solaris Energy Infrastructure’s price target from $98 to $104 and maintained a “buy” rating, implying roughly 70% upside from the reported $61.24 share price.
• Analyst sentiment remains broadly positive: ten analysts rate the stock a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average target of $88.83.
• Solaris exceeded quarterly earnings expectations, reporting $0.39 EPS versus the $0.31 consensus and $219.4 million in revenue; institutional investors own 67.44% of the company, while an insider recently purchased 3,900 shares.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) had its target price raised by Needham & Company LLC from $98.00 to $104.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective suggests a potential upside of 69.82% from the company's current price.

A number of other analysts also recently issued reports on the company. Wolfe Research began coverage on Solaris Energy Infrastructure in a research report on Monday, July 6th. They issued an "outperform" rating and a $120.00 price target for the company. Wells Fargo & Company upgraded shares of Solaris Energy Infrastructure from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $82.00 to $73.00 in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Raymond James Financial raised their target price on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Finally, Morgan Stanley lifted their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, June 4th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.83.

Solaris Energy Infrastructure Trading Down 9.2%

SEI opened at $61.24 on Tuesday. The stock has a 50-day moving average of $58.56 and a 200 day moving average of $63.99. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure has a 12 month low of $29.89 and a 12 month high of $86.19. The firm has a market cap of $4.69 billion, a P/E ratio of 72.05 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The business had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. As a group, research analysts forecast that Solaris Energy Infrastructure will post 0.94 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague acquired 3,900 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the transaction, the director directly owned 116,865 shares of the company's stock, valued at $7,503,901.65. The trade was a 3.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 20.23% of the stock is currently owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its holdings in Solaris Energy Infrastructure by 7,779.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,080,851 shares of the company's stock worth $328,345,000 after acquiring an additional 4,029,060 shares in the last quarter. Situational Awareness LP raised its holdings in shares of Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company's stock valued at $85,803,000 after purchasing an additional 716,200 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Solaris Energy Infrastructure by 215.1% in the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company's stock worth $66,667,000 after purchasing an additional 805,319 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Solaris Energy Infrastructure by 19.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company's stock worth $49,239,000 after purchasing an additional 142,973 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in shares of Solaris Energy Infrastructure by 98.2% during the fourth quarter. Kennedy Capital Management LLC now owns 629,747 shares of the company's stock valued at $28,949,000 after purchasing an additional 312,013 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

About Solaris Energy Infrastructure

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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