Solaris Energy Infrastructure (NASDAQ:SEI) Lowered to "Sell" Rating by Wall Street Zen

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Wednesday.

A number of other analysts also recently issued reports on the company. Piper Sandler raised their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Northland Capmk upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Tuesday, April 22nd. Northland Securities initiated coverage on Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $37.00 target price for the company. Raymond James Financial initiated coverage on Solaris Energy Infrastructure in a research report on Friday, June 13th. They set an "outperform" rating and a $39.00 target price for the company. Finally, Vertical Research initiated coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $42.56.

Solaris Energy Infrastructure Trading Up 0.9%

SEI traded up $0.25 during trading on Wednesday, reaching $29.01. The company had a trading volume of 2,701,670 shares, compared to its average volume of 1,098,032. The stock has a market cap of $1.96 billion, a P/E ratio of 65.93 and a beta of 1.11. The business has a 50 day simple moving average of $24.99 and a 200-day simple moving average of $25.87. Solaris Energy Infrastructure has a 52 week low of $10.96 and a 52 week high of $39.03. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Insider Activity at Solaris Energy Infrastructure

In other news, CEO William A. Zartler acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,039,227 shares of the company's stock, valued at $22,634,364.06. The trade was a 0.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aj Teague acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $26.77 per share, with a total value of $26,770.00. Following the completion of the acquisition, the director now directly 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. Insiders bought 12,000 shares of company stock worth $267,150 over the last three months. 21.20% of the stock is owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new position in Solaris Energy Infrastructure in the first quarter worth about $28,000. Wayfinding Financial LLC bought a new position in Solaris Energy Infrastructure in the first quarter worth about $29,000. US Bancorp DE bought a new position in Solaris Energy Infrastructure in the first quarter worth about $38,000. Nisa Investment Advisors LLC bought a new position in Solaris Energy Infrastructure in the first quarter worth about $41,000. Finally, Riverview Trust Co bought a new position in Solaris Energy Infrastructure in the first quarter worth about $47,000. 67.44% of the stock is currently 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.