Solaris Energy Infrastructure (NYSE:SEI) Trading Down 8.4% - Time to Sell?

Key Points

• Solaris Energy Infrastructure shares fell 8.4% to approximately $61.79, with trading volume well below the average session volume.
• Analyst opinions remain mixed, but the stock carries a consensus “Moderate Buy” rating and an average price target of $88.33, well above its recent trading price.
• The company exceeded quarterly EPS expectations, reporting $0.39 versus the $0.31 consensus estimate. A director also purchased $250,419 worth of shares, while institutional investors own 67.44% of the stock.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) dropped 8.4% during trading on Monday . The company traded as low as $61.00 and last traded at $61.79. 997,030 shares were traded during trading, a decline of 64% from the average session volume of 2,759,374 shares. The stock had previously closed at $67.42.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Solaris Energy Infrastructure from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 8th. Stifel Nicolaus set a $98.00 price target on Solaris Energy Infrastructure in a research report on Friday, August 7th. Weiss Ratings downgraded Solaris Energy Infrastructure from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wells Fargo & Company upgraded Solaris Energy Infrastructure from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $82.00 to $73.00 in a report on Monday, August 3rd. Finally, Zacks Research raised Solaris Energy Infrastructure from a "strong sell" rating to a "hold" rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.33.

Solaris Energy Infrastructure Trading Down 6.1%

The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 74.46 and a beta of 1.25. The firm's 50 day moving average is $58.65 and its 200 day moving average is $63.93. 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 results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The firm had revenue of $219.40 million for the quarter. Equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.94 earnings per share for the current year.

Insider Activity

In related news, Director A. Teague bought 3,900 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average cost of $64.21 per share, with a total value of $250,419.00. Following the completion of the acquisition, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 20.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $477,000. AQR Capital Management LLC purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth approximately $396,000. Goldman Sachs Group Inc. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth approximately $13,714,000. Finally, Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

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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