Solaris Energy Infrastructure (NYSE:SEI) Stock Price Expected to Rise, Piper Sandler Analyst Says

Key Points

• Piper Sandler raised its price target on Solaris Energy Infrastructure from $82 to $85 and maintained an Overweight rating, implying about 33% upside from the prior close.
• Analyst sentiment is broadly positive: the consensus rating is Buy with an average price target of $98.38, while Raymond James upgraded the stock to Strong Buy and set a $113 target.
• Solaris shares rose 10.6% in Monday trading. The company also reported quarterly EPS of $0.45, beating analyst expectations of $0.22.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) had its price objective hoisted by equities researchers at Piper Sandler from $82.00 to $85.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price objective indicates a potential upside of 32.98% from the company's previous close.

Other equities analysts also recently issued reports about the stock. Raymond James Financial upgraded shares of Solaris Energy Infrastructure from a "moderate buy" rating to a "strong-buy" rating and set a $113.00 price target on the stock in a report on Friday. Zacks Research raised shares of Solaris Energy Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 9th. Morgan Stanley boosted their target price on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an "overweight" rating in a research report on Wednesday, October 21st. Stifel Nicolaus upped their target price on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Finally, The Goldman Sachs Group set a $113.00 price target on Solaris Energy Infrastructure in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $98.38.

Solaris Energy Infrastructure Trading Up 10.6%

NYSE:SEI traded up $6.15 during midday trading on Monday, hitting $63.92. 552,358 shares of the company traded hands, compared to its average volume of 2,813,988. The firm has a market capitalization of $4.89 billion, a P/E ratio of 66.57 and a beta of 1.40. The firm's fifty day moving average is $65.69 and its 200-day moving average is $63.36. Solaris Energy Infrastructure has a 12-month low of $38.50 and a 12-month high of $86.19. 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 (NYSE:SEI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.23. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. The business had revenue of $341.09 million for the quarter. On average, sell-side analysts predict that Solaris Energy Infrastructure will post 1.37 EPS for the current year.

Insiders Place Their Bets

In related news, Director A. Teague acquired 3,900 shares of the stock in a transaction on Tuesday, September 8th. The stock was bought at an average cost of $64.21 per share, with a total value of $250,419.00. Following the transaction, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its position in Solaris Energy Infrastructure by 591.9% during the 3rd quarter. Allworth Financial LP now owns 512 shares of the company's stock valued at $36,000 after acquiring an additional 438 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Solaris Energy Infrastructure by 860.7% in the 3rd quarter. Fifth Third Bancorp now owns 35,583 shares of the company's stock worth $2,533,000 after acquiring an additional 31,879 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Solaris Energy Infrastructure in the 3rd quarter worth $1,044,000. Penn Capital Management Company LLC lifted its stake in shares of Solaris Energy Infrastructure by 41.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 317,999 shares of the company's stock worth $22,678,000 after purchasing an additional 93,514 shares during the last quarter. Finally, Fulcrum Asset Management LLP lifted its stake in shares of Solaris Energy Infrastructure by 642.3% during the 3rd quarter. Fulcrum Asset Management LLP now owns 58,270 shares of the company's stock worth $3,982,000 after purchasing an additional 50,420 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

About Solaris Energy Infrastructure

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.

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