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

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

Several other equities research analysts have also recently weighed in on SEI. Northland Capmk raised shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Tuesday, April 22nd. 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 on the stock. Barclays began coverage on shares of Solaris Energy Infrastructure in a report on Friday, June 6th. They issued an "overweight" rating and a $42.00 price target on the stock. Vertical Research started coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a "buy" rating and a $36.00 target price on the stock. Finally, Citigroup began coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of "Buy" and a consensus price target of $42.56.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ:SEI traded down $0.93 during mid-day trading on Wednesday, reaching $27.41. The stock had a trading volume of 799,101 shares, compared to its average volume of 1,091,823. The company has a market cap of $1.85 billion, a P/E ratio of 62.30 and a beta of 1.11. Solaris Energy Infrastructure has a 1 year low of $10.96 and a 1 year high of $39.03. The business's 50 day moving average price is $24.41 and its 200 day moving average price is $25.84. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Aj Teague acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $26.77 per share, for a total transaction of $26,770.00. Following the completion of the transaction, the director now owns 98,459 shares in the company, valued at approximately $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 acquired at an average price 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 disclosure for this purchase can be found here. In the last 90 days, insiders have bought 12,000 shares of company stock worth $267,150. Corporate insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Institutional investors have recently made changes to their positions in the stock. Encompass Capital Advisors LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth about $78,967,000. Driehaus Capital Management LLC purchased a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $44,073,000. Vanguard Group Inc. acquired a new position in shares of Solaris Energy Infrastructure in the first quarter worth $35,060,000. Westwood Holdings Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $29,298,000. Finally, Millennium Management LLC acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $24,335,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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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