Solaris Energy Infrastructure’s (SEI) Buy Rating Reiterated at Needham & Company LLC

Solaris Energy Infrastructure (NYSE:SEI)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a report issued on Wednesday, Benzinga reports. They currently have a $98.00 price target on the stock. Needham & Company LLC’s price objective indicates a potential upside of 96.20% from the company’s current price.

A number of other equities analysts have also commented on the stock. Morgan Stanley lifted their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Stifel Nicolaus set a $98.00 target price on shares of Solaris Energy Infrastructure in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Piper Sandler boosted their target price on shares of Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, Citigroup upped their price target on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.17.

Solaris Energy Infrastructure Stock Up 0.6%

Shares of SEI traded up $0.31 during trading hours on Wednesday, hitting $49.95. 915,538 shares of the company were exchanged, compared to its average volume of 2,740,471. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12. The company has a market cap of $3.82 billion, a PE ratio of 58.77 and a beta of 1.25. The firm’s 50 day moving average is $61.01 and its 200-day moving average is $63.50. Solaris Energy Infrastructure has a 52 week low of $24.57 and a 52 week high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%.The business had revenue of $219.40 million for the quarter. On average, equities research analysts forecast that Solaris Energy Infrastructure will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new position in shares of Solaris Energy Infrastructure during the fourth quarter worth approximately $28,000. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure in the 3rd quarter worth approximately $31,000. Larson Financial Group LLC raised its position in Solaris Energy Infrastructure by 363.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Solaris Energy Infrastructure by 105.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,205 shares of the company’s stock worth $56,000 after buying an additional 619 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.