Solaris Energy Infrastructure (NASDAQ:SEI) Earns "Buy" Rating from Stifel Nicolaus

Key Points

• Stifel Nicolaus reaffirmed a "buy" rating on Solaris Energy Infrastructure (NASDAQ:SEI), raising the price target from $41.00 to $45.00, which indicates a potential upside of 32.49% from the current stock price.
• Overall, the stock has an average rating of "Buy" and a consensus target price of $41.78, with ten analysts giving buy ratings and one sell rating.
• Insider activity shows that CEO William A. Zartler increased his stake by purchasing 10,000 shares at an average price of $21.78 per share.
• Institutional investors and hedge funds own 67.44% of Solaris Energy Infrastructure, indicating strong institutional interest in the company.

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $45.00 price target on the stock, up from their prior price target of $41.00. Stifel Nicolaus' price objective would indicate a potential upside of 38.31% from the company's current price.

A number of other brokerages have also recently commented on SEI. Citigroup initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Raymond James Financial reissued an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Solaris Energy Infrastructure in a research report on Wednesday. Barclays reduced their price target on shares of Solaris Energy Infrastructure from $42.00 to $39.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Northland Securities assumed coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price target for the company. Finally, Piper Sandler upped their price target on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $41.78.

Solaris Energy Infrastructure Trading Down 3.9%

SEI stock traded down $1.31 during midday trading on Friday, hitting $32.54. The stock had a trading volume of 2,065,900 shares, compared to its average volume of 1,481,160. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average price of $28.68 and a two-hundred day moving average price of $26.12. The firm has a market cap of $2.20 billion, a P/E ratio of 73.94 and a beta of 1.09. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year high of $39.03.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, CEO William A. Zartler bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the purchase, the chief executive officer owned 1,039,227 shares of the company's stock, valued at approximately $22,634,364.06. This represents a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aj Teague acquired 1,000 shares of Solaris Energy Infrastructure stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $26.77 per share, with a total value of $26,770.00. Following the transaction, the director directly owned 98,459 shares in the company, valued at approximately $2,635,747.43. The trade was a 1.03% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 12,000 shares of company stock worth $267,150. 21.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Wayfinding Financial LLC bought a new position in Solaris Energy Infrastructure during the first quarter valued at about $29,000. US Bancorp DE acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $38,000. Nisa Investment Advisors LLC acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth about $41,000. Finally, Riverview Trust Co purchased a new position in Solaris Energy Infrastructure in the first quarter valued at about $47,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Solaris Energy Infrastructure Company Profile

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.