Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Up - Time to Buy?

Key Points

• Solaris Energy Infrastructure shares jumped 8.8%, opening at $67.69 versus a prior close of $63.34, amid trading volume of 344,386 shares.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $94.17; recent targets range from $82 to $120.
• The company exceeded quarterly earnings expectations, reporting $0.39 per share versus the $0.31 consensus estimate, while institutional investors own 67.44% of the stock and an insider recently purchased shares.

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $63.34, but opened at $67.69. Solaris Energy Infrastructure shares last traded at $67.42, with a volume of 344,386 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup lifted their price target 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. Stifel Nicolaus boosted their price objective on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Piper Sandler upped their price objective on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. Wolfe Research began coverage on Solaris Energy Infrastructure in a research note on Monday, July 6th. They issued an "outperform" rating and a $120.00 price objective for the company. Finally, Northland Securities set a $111.00 target price on Solaris Energy Infrastructure in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $94.17.

Solaris Energy Infrastructure Stock Up 8.8%

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's 50-day moving average price is $64.17 and its 200 day moving average price is $66.65. The stock has a market capitalization of $5.28 billion, a P/E ratio of 81.08 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its earnings results 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. The company 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%. As a group, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 1.16 earnings per share for the current year.

Insider Activity

In other Solaris Energy Infrastructure news, Director A. Teague bought 3,900 shares of the firm's stock in a transaction that occurred 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 purchase, the director owned 116,865 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 20.23% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds have recently made changes to their positions in the company. Jennison Associates LLC lifted its holdings in shares of Solaris Energy Infrastructure by 215.1% in the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company's stock valued at $66,667,000 after buying an additional 805,319 shares during the period. Situational Awareness LP grew its stake in shares of Solaris Energy Infrastructure by 2.2% during the 2nd quarter. Situational Awareness LP now owns 1,129,621 shares of the company's stock worth $90,889,000 after purchasing an additional 24,070 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Solaris Energy Infrastructure by 19.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company's stock valued at $49,239,000 after purchasing an additional 142,973 shares in the last quarter. Two Seas Capital LP acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $56,007,000. Finally, Ranger Investment Management L.P. purchased a new stake in Solaris Energy Infrastructure during the second quarter worth $46,967,000. 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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