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

Key Points

• Needham reaffirmed its “Buy” rating on Solaris Energy Infrastructure and set a $104 price target, implying approximately 50.9% upside from the prior close.
• Analyst sentiment remains positive overall: Solaris has an average “Buy” rating and a consensus price target of $94.08, with recent target increases from Morgan Stanley, Raymond James and Piper Sandler.
• The company reported quarterly EPS of $0.39, exceeding the $0.31 consensus estimate, on revenue of $219.4 million. An insider also bought $250,419 worth of shares, while institutional investors own 67.44% of the stock.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Needham & Company LLC in a research note issued on Friday, Benzinga reports. They currently have a $104.00 target price on the stock. Needham & Company LLC's target price indicates a potential upside of 50.92% from the stock's previous close.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings downgraded Solaris Energy Infrastructure from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Wall Street Zen raised shares of Solaris Energy Infrastructure from a "strong sell" rating to a "sell" rating in a report on Saturday, October 3rd. Piper Sandler upped 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. Morgan Stanley increased their price target on shares of Solaris Energy Infrastructure from $90.00 to $102.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Finally, Raymond James Financial increased their price target on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 9th. One equities 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $94.08.

Solaris Energy Infrastructure Stock Down 0.1%

Solaris Energy Infrastructure stock opened at $68.91 on Friday. Solaris Energy Infrastructure has a fifty-two week low of $38.50 and a fifty-two week high of $86.19. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12. The company has a market capitalization of $5.28 billion, a P/E ratio of 81.07 and a beta of 1.28. The stock has a 50-day simple moving average of $64.67 and a 200-day simple moving average of $63.13.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.08. The firm had revenue of $219.40 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. Equities research analysts expect that Solaris Energy Infrastructure will post 1.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director A. Teague acquired 3,900 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, September 8th. The stock was purchased at an average cost of $64.21 per share, with a total value of $250,419.00. Following 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Readystate Asset Management LP acquired a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter worth $3,058,000. Two Seas Capital LP purchased a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at about $56,007,000. Rokos Capital Management LLP purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $1,900,000. Ranger Investment Management L.P. acquired a new position in shares of Solaris Energy Infrastructure during the second quarter worth about $46,967,000. Finally, Situational Awareness LP increased its stake in shares of Solaris Energy Infrastructure by 2.2% during the second quarter. Situational Awareness LP now owns 1,129,621 shares of the company's stock worth $90,889,000 after acquiring an additional 24,070 shares during the period. 67.44% of the stock is currently owned by hedge funds and other 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.

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