Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Solaris Energy Infrastructure has a consensus recommendation of "Moderate Buy" from 11 analysts (8 buy, 3 hold) with an average 1‑year price target of $60.00.
• Large institutional and hedge fund investors have been increasing positions—Vanguard, Situational Awareness, Principal, VanEck and Advent all added shares—and institutions now own about 67.44% of the stock.
• SEI opened at $72.62 with a market cap of $4.97B and a high valuation (P/E ≈102), recently beat quarterly EPS estimates ($0.35 vs. $0.24), and analysts forecast roughly 1.37 EPS for the year.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $60.00.

A number of equities analysts have weighed in on the stock. Glj Research assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a "buy" rating and a $60.00 price target for the company. Citigroup dropped their price target on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, March 10th. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Barclays upped their price target on shares of Solaris Energy Infrastructure from $63.00 to $74.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 17th. Finally, Wells Fargo & Company assumed coverage on shares of Solaris Energy Infrastructure in a research report on Friday, March 20th. They issued an "equal weight" rating and a $71.00 price target for the company.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Solaris Energy Infrastructure by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company's stock worth $133,940,000 after purchasing an additional 248,762 shares during the period. Situational Awareness LP lifted its holdings in shares of Solaris Energy Infrastructure by 62.3% in the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company's stock worth $85,803,000 after buying an additional 716,200 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company's stock worth $67,408,000 after buying an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company's stock worth $51,797,000 after buying an additional 1,116,794 shares in the last quarter. Finally, Advent International L.P. lifted its holdings in shares of Solaris Energy Infrastructure by 25.5% in the fourth quarter. Advent International L.P. now owns 1,263,809 shares of the company's stock worth $58,097,000 after buying an additional 256,909 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Stock Performance

SEI opened at $72.62 on Friday. The firm has a market cap of $4.97 billion, a P/E ratio of 102.28 and a beta of 1.05. Solaris Energy Infrastructure has a 1-year low of $19.05 and a 1-year high of $73.73. The company has a 50 day simple moving average of $57.64 and a two-hundred day simple moving average of $52.80. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. Equities analysts forecast that Solaris Energy Infrastructure will post 1.37 earnings per share for the current fiscal year.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc NYSE: SEI is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.

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