Solaris Energy Infrastructure (NYSE:SEI) Stock Price Down 9.8% - What's Next?

Key Points

• Solaris Energy Infrastructure shares fell 9.8% to $70.18, with trading volume about 50% below the average session level.
• Wall Street remains broadly bullish: analysts have assigned an average “Buy” rating and a $94.17 price target, implying substantial upside from the recent price.
• The company recently exceeded earnings expectations, reporting $0.39 in quarterly EPS versus a $0.31 consensus; insiders own 20.23% of shares and institutional investors hold 67.44%.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report)'s stock price was down 9.8% on Wednesday. The stock traded as low as $70.03 and last traded at $70.18. 1,362,803 shares changed hands during trading, a decline of 50% from the average session volume of 2,738,424 shares. The stock had previously closed at $77.83.

Wall Street Analysts Forecast Growth

SEI has been the topic of a number of recent research reports. Barclays boosted their target price on Solaris Energy Infrastructure from $90.00 to $116.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Wolfe Research initiated coverage on Solaris Energy Infrastructure in a research report on Monday, July 6th. They issued an "outperform" rating and a $120.00 price objective for the company. Citigroup increased 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 report on Thursday, September 24th. Zacks Research raised Solaris Energy Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, October 9th. Finally, Raymond James Financial lifted their target price on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an "outperform" rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of "Buy" and an average price target of $94.17.

Solaris Energy Infrastructure Price Performance

The business has a fifty day moving average of $63.41 and a two-hundred day moving average of $66.34. 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 firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 82.60 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last posted its 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 company 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%. As a group, research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director A. Teague purchased 3,900 shares of the stock in a transaction on Tuesday, September 8th. The stock was purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the acquisition, the director owned 116,865 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 20.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of hedge funds have recently made changes to their positions in SEI. Readystate Asset Management LP purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter worth about $3,058,000. Two Seas Capital LP purchased a new stake in Solaris Energy Infrastructure in the third quarter worth approximately $56,007,000. Rokos Capital Management LLP bought a new position in Solaris Energy Infrastructure in the first quarter worth approximately $1,900,000. Gunderson Capital Management LLC purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $3,408,000. Finally, Ranger Investment Management L.P. purchased a new position in shares of Solaris Energy Infrastructure in the second quarter valued at about $46,967,000. 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 develops, owns and operates mobile and distributed power-generation and energy-management systems. The company provides customers with reliable electricity and related infrastructure designed for applications that require flexible, scalable power capacity.

Solaris' offerings have historically included natural gas-powered mobile generators, battery energy-storage systems, power distribution equipment and associated services.

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