Needham & Company LLC Forecasts Strong Price Appreciation for Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure (NYSE:SEI) had its price objective lifted by research analysts at Needham & Company LLC from $98.00 to $104.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 69.82% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley raised their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Raymond James Financial lifted their price target on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Finally, Northland Securities set a $104.00 price objective on Solaris Energy Infrastructure in a report on Friday, June 12th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.83.

Solaris Energy Infrastructure Trading Down 9.2%

Shares of NYSE SEI opened at $61.24 on Tuesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. The stock has a market capitalization of $4.69 billion, a P/E ratio of 72.05 and a beta of 1.25. Solaris Energy Infrastructure has a 1-year low of $29.89 and a 1-year high of $86.19. The business has a fifty day moving average price of $58.56 and a 200 day moving average price of $63.99.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $219.40 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. Equities research analysts expect that Solaris Energy Infrastructure will post 0.94 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director A. Teague acquired 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average cost of $64.21 per share, with a total value of $250,419.00. Following the transaction, the director directly owned 116,865 shares of the company’s stock, valued at $7,503,901.65. This trade represents a 3.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.23% of the stock is owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

Several large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Solaris Energy Infrastructure in the fourth quarter worth $28,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Solaris Energy Infrastructure during the second quarter worth $84,000. Rockefeller Capital Management L.P. grew its holdings in shares of Solaris Energy Infrastructure by 507.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company’s stock valued at $76,000 after buying an additional 1,380 shares during the last quarter. Nykredit A S acquired a new position in shares of Solaris Energy Infrastructure in the 2nd quarter valued at $164,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Solaris Energy Infrastructure by 179.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,194 shares of the company’s stock valued at $101,000 after acquiring an additional 1,408 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc (NYSE: SEI) is an energy infrastructure company that provides mobile, scalable power generation and management solutions. The company designs, manufactures, and deploys equipment intended to support customers that require reliable, flexible power in energy-intensive operating environments.

Solaris has historically served the North American oil and natural gas industry, supplying infrastructure used in well completion and other field operations. Its offerings include mobile power-generation systems, electrical distribution equipment, and related services designed to help customers manage on-site power requirements and reduce reliance on traditional diesel-based solutions.

The company has also expanded its focus beyond oilfield services to address growing power needs associated with data centers and other large-scale, power-intensive facilities.