Solaris Energy Infrastructure (NASDAQ:SEI) Coverage Initiated by Analysts at Barclays

Equities research analysts at Barclays assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) in a note issued to investors on Friday,Benzinga reports. The brokerage set an "overweight" rating and a $42.00 price target on the stock. Barclays's price objective suggests a potential upside of 54.65% from the stock's current price.

Several other equities research analysts also recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Piper Sandler raised their price objective on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Citigroup assumed coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Northland Securities started coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price target on the stock. Finally, Northland Capmk raised Solaris Energy Infrastructure to a "strong-buy" rating in a report on Tuesday, April 22nd. Nine analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of "Buy" and a consensus target price of $43.00.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $27.16 on Friday. The company has a fifty day moving average price of $21.82 and a two-hundred day moving average price of $25.43. Solaris Energy Infrastructure has a one year low of $10.96 and a one year high of $39.03. The stock has a market cap of $1.83 billion, a P/E ratio of 61.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Insider Transactions at Solaris Energy Infrastructure

In related news, CEO William A. Zartler purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the transaction, the chief executive officer now owns 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This trade represents a 0.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Aj Teague purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $26.77 per share, with a total value of $26,770.00. Following the purchase, the director now owns 98,459 shares of the company's stock, valued at $2,635,747.43. This represents a 1.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 16,000 shares of company stock valued at $356,870. 21.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Wayfinding Financial LLC bought a new stake in Solaris Energy Infrastructure during the first quarter worth $29,000. US Bancorp DE bought a new stake in Solaris Energy Infrastructure during the first quarter worth $38,000. California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at $52,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $41,000. 67.44% of the stock is owned by institutional investors.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.

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