Solaris Energy Infrastructure (NYSE:SEI) Stock Price Down 3.5% - Here's What Happened

Key Points

• Solaris Energy Infrastructure shares fell 3.5% to $66.70 in midday trading, while volume was 88% below the stock’s average daily volume.
• Analyst sentiment remains broadly positive, with 10 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $89.42, despite some conflicting rating changes.
• The company beat quarterly earnings estimates, reporting $0.39 EPS versus $0.31 expected, while director A. Teague purchased approximately $250,000 of shares; institutional investors own 67.44% of the stock.

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) dropped 3.5% on Tuesday . The stock traded as low as $65.91 and last traded at $66.70. 323,433 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 2,770,604 shares. The stock had previously closed at $69.09.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stifel Nicolaus set a $98.00 target price on Solaris Energy Infrastructure in a research report on Friday, August 7th. Barclays increased their price objective on Solaris Energy Infrastructure from $86.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Wall Street Zen cut Solaris Energy Infrastructure from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Wells Fargo & Company upgraded shares of Solaris Energy Infrastructure from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $82.00 to $73.00 in a research note on Monday, August 3rd. Finally, Raymond James Financial upped their target price on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $89.42.

Solaris Energy Infrastructure Stock Down 2.7%

The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 79.07 and a beta of 1.25. The firm has a fifty day moving average price of $58.47 and a 200 day moving average price of $64.56. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23.

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

Insider Activity

In related news, Director A. Teague purchased 3,900 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the transaction, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 20.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP bought a new position in Solaris Energy Infrastructure in the 2nd quarter valued at $475,000. Integrated Wealth Concepts LLC acquired a new position in shares of Solaris Energy Infrastructure during the second quarter valued at $219,000. NewEdge Advisors LLC bought a new position in Solaris Energy Infrastructure in the second quarter valued at about $880,000. Nykredit A S acquired a new stake in Solaris Energy Infrastructure in the second quarter worth about $164,000. Finally, Readystate Asset Management LP acquired a new stake in Solaris Energy Infrastructure in the second quarter worth about $3,058,000. Institutional investors own 67.44% of the company's stock.

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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