Wells Fargo & Company Has Lowered Expectations for Solaris Energy Infrastructure (NYSE:SEI) Stock Price

Key Points

• Wells Fargo cut its Solaris Energy Infrastructure price target from $72 to $65 but maintained an “overweight” rating, implying 18.67% upside from the prior close.
• Analyst sentiment remains broadly positive: MarketBeat reports an average “Buy” rating and a $96.31 average price target, with Raymond James upgrading the stock to “Strong Buy” and setting a $113 target.
• Solaris reported quarterly EPS of $0.45, beating the $0.22 consensus estimate; quarterly revenue was $341.09 million.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) had its target price decreased by research analysts at Wells Fargo & Company from $72.00 to $65.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 18.67% from the stock's previous close.

A number of other research analysts also recently weighed in on the stock. Raymond James Financial raised shares of Solaris Energy Infrastructure from an "outperform" rating to a "strong-buy" rating and set a $113.00 target price for the company in a research report on Friday. Weiss Ratings cut shares of Solaris Energy Infrastructure from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Zacks Research raised shares of Solaris Energy Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, October 9th. The Goldman Sachs Group set a $113.00 price objective on Solaris Energy Infrastructure in a research note on Friday. Finally, Citigroup increased their price objective on Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, September 24th. Two research 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 company. According to MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and an average price target of $96.31.

Solaris Energy Infrastructure Stock Performance

SEI traded up $4.23 during trading on Friday, hitting $54.78. 774,916 shares of the company traded hands, compared to its average volume of 2,809,012. The firm has a market cap of $4.19 billion, a P/E ratio of 57.22 and a beta of 1.40. The stock's fifty day moving average is $65.59 and its 200 day moving average is $63.35. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure has a one year low of $38.50 and a one year high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.22 by $0.23. The business had revenue of $341.09 million for the quarter. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. As a group, equities analysts predict that Solaris Energy Infrastructure will post 1.37 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In other news, Director A. Teague acquired 3,900 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the completion of the purchase, the director 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 legal filing with the SEC, which is available through this link. Company insiders own 20.23% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Solaris Energy Infrastructure by 860.7% during the third quarter. Fifth Third Bancorp now owns 35,583 shares of the company's stock worth $2,533,000 after buying an additional 31,879 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at about $1,044,000. Penn Capital Management Company LLC raised its holdings in shares of Solaris Energy Infrastructure by 41.7% in the 3rd quarter. Penn Capital Management Company LLC now owns 317,999 shares of the company's stock valued at $22,678,000 after acquiring an additional 93,514 shares in the last quarter. Fulcrum Asset Management LLP raised its holdings in shares of Solaris Energy Infrastructure by 642.3% in the 3rd quarter. Fulcrum Asset Management LLP now owns 58,270 shares of the company's stock valued at $3,982,000 after acquiring an additional 50,420 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of Solaris Energy Infrastructure by 13.5% during the 3rd quarter. Pictet Asset Management Holding SA now owns 7,979 shares of the company's stock valued at $568,000 after acquiring an additional 947 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

About Solaris Energy Infrastructure

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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