Solaris Energy Infrastructure (NYSE:SEI) Stock Price Up 6% Following Analyst Upgrade

Key Points

• Solaris Energy Infrastructure shares rose 6% to about $65.32 after Needham raised its price target from $98 to $104 and maintained a Buy rating.
• Analyst sentiment remains favorable, with 10 Buy ratings and two Holds producing a consensus Moderate Buy rating and an average price target of $88.83.
• The company recently exceeded quarterly earnings expectations, reporting $0.39 in EPS versus the $0.31 consensus on $219.4 million in revenue; an insider also purchased approximately $250,000 of shares.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report)'s share price rose 6% during mid-day trading on Wednesday after Needham & Company LLC raised their price target on the stock from $98.00 to $104.00. Needham & Company LLC currently has a buy rating on the stock. Solaris Energy Infrastructure traded as high as $65.36 and last traded at $65.32. 151,971 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 2,756,702 shares. The stock had previously closed at $61.62.

SEI has been the subject of a number of other research reports. Stifel Nicolaus set a $98.00 price target on shares of Solaris Energy Infrastructure in a research note on Friday, August 7th. Morgan Stanley increased their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, June 4th. Wells Fargo & Company raised Solaris Energy Infrastructure from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $82.00 to $73.00 in a research note on Monday, August 3rd. Weiss Ratings cut Solaris Energy Infrastructure from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Solaris Energy Infrastructure from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Solaris Energy Infrastructure currently has a consensus rating of "Moderate Buy" and an average price target of $88.83.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average cost of $64.21 per share, with a total value of $250,419.00. Following the acquisition, 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 acquisition 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 Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new position in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $28,000. C M Bidwell & Associates Ltd. bought a new position in Solaris Energy Infrastructure during the second quarter worth $84,000. Rockefeller Capital Management L.P. increased its holdings in shares of Solaris Energy Infrastructure by 507.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company's stock valued at $76,000 after purchasing an additional 1,380 shares during the last quarter. Nykredit A S bought a new position in shares of Solaris Energy Infrastructure in the second quarter valued at about $164,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings 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 buying an additional 1,408 shares during the period. Institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Stock Up 6.2%

The firm has a market cap of $5.01 billion, a P/E ratio of 76.99 and a beta of 1.25. The firm's fifty day moving average is $58.48 and its 200 day moving average is $64.03. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12.

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, topping analysts' consensus estimates 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 company had revenue of $219.40 million during the quarter. As a group, equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.94 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Company Profile

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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