Solaris Energy Infrastructure (NASDAQ:SEI) Earns Outperform Rating from Analysts at Raymond James

Equities research analysts at Raymond James assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $39.00 price target on the stock. Raymond James' price objective indicates a potential upside of 37.42% from the company's current price.

SEI has been the subject of several other reports. Northland Securities assumed coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $37.00 price objective for the company. Vertical Research assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, May 14th. They issued a "buy" rating and a $36.00 target price on the stock. Piper Sandler lifted their price target on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Barclays started coverage on shares of Solaris Energy Infrastructure in a research note on Friday, June 6th. They issued an "overweight" rating and a $42.00 price objective on the stock. Finally, Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 target price for the company. Ten equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $42.56.

Solaris Energy Infrastructure Price Performance

Shares of NASDAQ SEI traded up $1.24 during midday trading on Friday, hitting $28.38. The company had a trading volume of 989,923 shares, compared to its average volume of 1,090,036. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 64.50 and a beta of 1.11. Solaris Energy Infrastructure has a twelve month low of $10.96 and a twelve month high of $39.03. The business has a 50-day simple moving average of $22.90 and a two-hundred day simple moving average of $25.68. 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 Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Rhumbline Advisers acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $962,000. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $28,000. Empowered Funds LLC purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $4,322,000. Goldman Sachs Group Inc. acquired a new position in Solaris Energy Infrastructure in the first quarter valued at $13,714,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $807,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.