Solaris Energy Infrastructure (NYSE:SEI) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Solaris Energy Infrastructure received an upgrade from Zacks Research, moving from a "hold" rating to a "strong-buy" rating, reflecting increased analyst confidence in the stock.
• Barclays and Citigroup raised their target prices for Solaris Energy Infrastructure to $44.00 and $56.00, respectively, indicating strong market support for the stock's potential growth.
• The stock is currently trading at $48.44, with a year-to-date high of $56.14 and an average analyst rating of "Buy."

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Barclays boosted their target price on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Northland Securities set a $61.00 target price on Solaris Energy Infrastructure in a research note on Thursday, October 9th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Solaris Energy Infrastructure in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $47.56.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $48.44 on Monday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 82.10 and a beta of 1.12. Solaris Energy Infrastructure has a fifty-two week low of $12.78 and a fifty-two week high of $56.14. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The stock has a fifty day moving average price of $36.66 and a 200-day moving average price of $29.79.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.08 EPS for the quarter. The company had revenue of $75.02 million for the quarter. Solaris Energy Infrastructure had a return on equity of 7.66% and a net margin of 4.99%. As a group, equities analysts anticipate that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, CEO William A. Zartler bought 10,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $24.83 per share, with a total value of $248,300.00. Following the acquisition, the chief executive officer directly owned 1,049,227 shares of the company's stock, valued at $26,052,306.41. The trade was a 0.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the transaction, the director owned 90,956 shares of the company's stock, valued at approximately $2,624,990.16. This trade represents a 9.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.20% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. bought a new position in Solaris Energy Infrastructure during the 2nd quarter worth $25,000. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $28,000. Wayfinding Financial LLC acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $29,000. US Bancorp DE bought a new position in shares of Solaris Energy Infrastructure during the first quarter worth about $38,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure in the first quarter worth approximately $41,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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