Zacks Research Upgrades Solaris Energy Infrastructure (NYSE:SEI) to Hold

Key Points

• Zacks Research upgraded Solaris Energy Infrastructure from “strong sell” to “hold.” Despite the change, the stock carries a consensus “Moderate Buy” rating, with 10 analysts recommending Buy and two recommending Hold.
• Analysts’ consensus price target is $88.33, compared with SEI’s Thursday opening price of $67.38. Other firms maintain bullish ratings, including price targets ranging from $90 to $120.
• Solaris exceeded quarterly earnings expectations, reporting $0.39 in EPS versus a $0.31 consensus on $219.4 million in revenue. Director A. Teague also purchased $250,419 worth of shares, while institutional investors own 67.44% of the company.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Thursday, Zacks reports.

SEI has been the topic of several other research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $98.00 price target on shares of Solaris Energy Infrastructure in a research report on Wednesday, September 2nd. Wolfe Research began coverage on shares of Solaris Energy Infrastructure in a research note on Monday, July 6th. They issued an "outperform" rating and a $120.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, June 4th. Northland Securities set a $104.00 price target on shares of Solaris Energy Infrastructure in a research note on Friday, June 12th. Finally, Raymond James Financial increased their price objective on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an "outperform" rating in a report on Wednesday. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.33.

Solaris Energy Infrastructure Price Performance

SEI opened at $67.38 on Thursday. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The company has a fifty day simple moving average of $58.65 and a 200 day simple moving average of $63.84. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 79.27 and a beta of 1.25. Solaris Energy Infrastructure has a twelve month low of $29.89 and a twelve month high of $86.19.

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 for the quarter, topping analysts' consensus estimates of $0.31 by $0.08. The business had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. Equities research analysts expect that Solaris Energy Infrastructure will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the transaction, the director owned 116,865 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 20.23% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

A number of large investors have recently added to or reduced their stakes in the business. Situational Awareness LP boosted its stake in shares of Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company's stock worth $85,803,000 after acquiring an additional 716,200 shares in the last quarter. Dockside LLC acquired a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth $3,803,000. Rokos Capital Management LLP purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at $1,900,000. Penn Capital Management Company LLC lifted its holdings in shares of Solaris Energy Infrastructure by 1,559.3% during the fourth quarter. Penn Capital Management Company LLC now owns 288,343 shares of the company's stock valued at $13,269,000 after purchasing an additional 270,966 shares during the last quarter. Finally, Gunderson Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $3,408,000. 67.44% of the stock is currently owned by institutional investors.

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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