Solaris Energy Infrastructure (NYSE:SEI) Shares Down 5.3% - Time to Sell?

Key Points

• Solaris Energy Infrastructure shares fell 5.3% to $62.26 in mid-day trading, with volume sharply below average. The stock trades below both its 50-day and 200-day moving averages.
• Despite the decline, analysts remain broadly bullish: 11 of 12 analysts rate SEI Buy or Strong Buy, with a consensus price target of $94.17 versus the current price.
• The company recently exceeded quarterly earnings expectations, reporting $0.39 in EPS versus the $0.31 consensus estimate on $219.4 million in revenue. An insider also purchased 3,900 shares, while institutional investors own 67.44% of the stock.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) shares were down 5.3% during mid-day trading on Tuesday. The company traded as low as $61.85 and last traded at $62.26. 187,037 shares changed hands during trading, a decline of 93% from the average session volume of 2,766,710 shares. The stock had previously closed at $65.76.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SEI. Citigroup upped their target price on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. Barclays raised their price target on shares of Solaris Energy Infrastructure from $90.00 to $116.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Northland Securities set a $111.00 price target on shares of Solaris Energy Infrastructure in a research report on Wednesday, September 16th. Zacks Research upgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, October 9th. Finally, Needham & Company LLC upped their price objective on shares of Solaris Energy Infrastructure from $98.00 to $104.00 and gave the stock a "buy" rating in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $94.17.

Solaris Energy Infrastructure Stock Down 2.0%

The stock has a 50-day moving average of $64.08 and a 200 day moving average of $66.60. The company has a market capitalization of $4.93 billion, a PE ratio of 75.79 and a beta of 1.28. 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 (NYSE:SEI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. The business had revenue of $219.40 million for the quarter. Sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.16 EPS for the current year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague bought 3,900 shares of the stock in a transaction dated Tuesday, September 8th. The shares were bought at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the purchase, the director directly owned 116,865 shares of the company's stock, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently added to or reduced their stakes in SEI. C M Bidwell & Associates Ltd. purchased a new position in Solaris Energy Infrastructure in the second quarter valued at about $84,000. GK Wealth Management LLC bought a new position in shares of Solaris Energy Infrastructure during the 3rd quarter valued at approximately $79,000. Rockefeller Capital Management L.P. grew its position in shares of Solaris Energy Infrastructure by 507.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company's stock valued at $76,000 after acquiring an additional 1,380 shares during the period. Nykredit A S purchased a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter worth approximately $164,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Solaris Energy Infrastructure by 179.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,194 shares of the company's stock worth $101,000 after purchasing an additional 1,408 shares during the last quarter. Institutional investors own 67.44% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.