Wall Street Zen Upgrades Solaris Energy Infrastructure (NYSE:SEI) to Sell

Solaris Energy Infrastructure (NYSE:SEI) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

SEI has been the subject of several other research reports. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. Wolfe Research initiated coverage on shares of Solaris Energy Infrastructure in a research report on Monday, July 6th. They issued an “outperform” rating and a $120.00 price objective on the stock. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Raymond James Financial increased their target price on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Finally, Citigroup raised their price target on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus target price of $94.17.

Solaris Energy Infrastructure Stock Performance

Shares of Solaris Energy Infrastructure stock opened at $74.83 on Friday. The business’s fifty day simple moving average is $59.85 and its 200 day simple moving average is $65.68. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure has a 12 month low of $38.50 and a 12 month high of $86.19. The firm has a market capitalization of $5.73 billion, a P/E ratio of 88.04 and a beta of 1.28.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The firm had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. As a group, analysts anticipate that Solaris Energy Infrastructure will post 1.24 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director A. Teague acquired 3,900 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were acquired at an average cost of $64.21 per share, for a total transaction of $250,419.00. Following the purchase, the director owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.23% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several large investors have recently modified their holdings of SEI. Situational Awareness LP lifted its stake in shares of Solaris Energy Infrastructure by 2.2% during the 2nd quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock valued at $90,889,000 after buying an additional 24,070 shares in the last quarter. Jennison Associates LLC grew its stake in Solaris Energy Infrastructure by 215.1% in the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after buying an additional 805,319 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Solaris Energy Infrastructure by 19.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock valued at $49,239,000 after acquiring an additional 142,973 shares during the period. Ranger Investment Management L.P. bought a new stake in Solaris Energy Infrastructure during the 2nd quarter valued at $46,967,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Solaris Energy Infrastructure during the second quarter worth $30,881,000. 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 develops, owns and operates mobile and distributed power-generation and energy-management systems. The company provides customers with reliable electricity and related infrastructure designed for applications that require flexible, scalable power capacity.

Solaris’ offerings have historically included natural gas-powered mobile generators, battery energy-storage systems, power distribution equipment and associated services.