Wall Street Zen Upgrades Solaris Energy Infrastructure (NYSE:SEI) to Sell

Key Points

• Wall Street Zen upgraded Solaris Energy Infrastructure from “strong sell” to “sell,” while the broader analyst consensus remains “Moderate Buy,” with 10 Buy ratings and two Holds and an average price target of $94.17.
• Solaris shares opened at $74.83, up substantially from their 1-year low of $38.50 but below the high of $86.19. The company trades at a high price-to-earnings ratio of 88.04 and carries a debt-to-equity ratio of 2.23.
• The company beat quarterly earnings expectations, reporting $0.39 in EPS versus the $0.31 consensus estimate on $219.4 million in revenue. A director also purchased 3,900 shares, while institutional investors own 67.44% of the stock.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research firms have also recently issued reports on SEI. Barclays raised their target price on Solaris Energy Infrastructure from $90.00 to $116.00 and gave the stock an "overweight" rating in a research note on Monday. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Solaris Energy Infrastructure in a research note on Friday, September 25th. Raymond James Financial increased their price target on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Piper Sandler raised their price objective on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Finally, Zacks Research upgraded shares of Solaris Energy Infrastructure from a "strong sell" rating to a "hold" rating in a report on Thursday, September 10th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $94.17.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $74.83 on Friday. The firm has a 50 day simple moving average of $59.85 and a 200-day simple moving average of $65.62. Solaris Energy Infrastructure has a 1-year low of $38.50 and a 1-year high of $86.19. 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 stock has a market cap of $5.73 billion, a price-to-earnings ratio of 88.04 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The firm had revenue of $219.40 million for the quarter. On average, analysts expect that Solaris Energy Infrastructure will post 1.24 EPS for the current year.

Insiders Place Their Bets

In other news, Director A. Teague bought 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 completion of the transaction, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.23% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at $475,000. Integrated Wealth Concepts LLC purchased a new position in Solaris Energy Infrastructure during the 2nd quarter valued at about $219,000. NewEdge Advisors LLC purchased a new position in Solaris Energy Infrastructure during the 2nd quarter valued at about $880,000. Nykredit A S acquired a new position in Solaris Energy Infrastructure in the 2nd quarter valued at about $164,000. Finally, Readystate Asset Management LP acquired a new position in Solaris Energy Infrastructure in the 2nd quarter valued at about $3,058,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc NYSE: SEI is an energy infrastructure company that develops, owns and operates mobile and distributed power-generation and energy-management systems. The company provides customers with reliable electricity and related infrastructure designed for applications that require flexible, scalable power capacity.

Solaris' offerings have historically included natural gas-powered mobile generators, battery energy-storage systems, power distribution equipment and associated services.

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