Solaris Energy Infrastructure (NYSE:SEI) Given New $126.00 Price Target at Needham & Company LLC

Solaris Energy Infrastructure (NYSE:SEI) had its price objective upped by investment analysts at Needham & Company LLC from $104.00 to $126.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective would suggest a potential upside of 104.41% from the stock’s current price.

Several other research firms have also recently weighed in on SEI. Stifel Nicolaus lifted their target price on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Citigroup raised their price target on shares of Solaris Energy Infrastructure from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group set a $113.00 price objective on shares of Solaris Energy Infrastructure in a research report on Friday. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research upgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Buy” and a consensus price target of $100.38.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $61.64 on Wednesday. Solaris Energy Infrastructure has a 1-year low of $38.50 and a 1-year high of $86.19. The company has a current ratio of 2.10, a quick ratio of 4.03 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 38.41 and a beta of 1.40. The stock’s fifty day simple moving average is $66.17 and its 200-day simple moving average is $63.42.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.23. The firm had revenue of $341.09 million during the quarter. Solaris Energy Infrastructure had a return on equity of 12.82% and a net margin of 7.99%. On average, sell-side analysts predict that Solaris Energy Infrastructure will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director A. Teague purchased 3,900 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $64.21 per share, with a total value of $250,419.00. Following the purchase, the director directly owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Hedge funds have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board acquired a new stake in Solaris Energy Infrastructure in the third quarter valued at approximately $28,502,000. Global Retirement Partners LLC raised its position in shares of Solaris Energy Infrastructure by 10.2% in the third quarter. Global Retirement Partners LLC now owns 4,050 shares of the company’s stock valued at $288,000 after purchasing an additional 374 shares during the period. South Dakota Investment Council acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter worth $6,371,000. Banco Santander S.A. grew its stake in Solaris Energy Infrastructure by 51.6% in the 3rd quarter. Banco Santander S.A. now owns 184,309 shares of the company’s stock valued at $13,119,000 after buying an additional 62,769 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Solaris Energy Infrastructure by 82.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 33,925 shares of the company’s stock worth $2,415,000 after acquiring an additional 15,364 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc. provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells. The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S. shale basins, while its power solutions serve customers seeking scalable power generation.