Solaris Energy Infrastructure (NYSE:SEI) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $63.38 and traded as low as $54.90. Solaris Energy Infrastructure shares last traded at $57.42, with a volume of 8,375,907 shares.

Trending Headlines about Solaris Energy Infrastructure

Here are the key news stories impacting Solaris Energy Infrastructure this week:

• Positive Sentiment: SEI reported adjusted/pro forma Q3 EPS of $0.45, above the $0.22 Zacks consensus and the $0.29 FactSet estimate cited elsewhere. EPS also rose from $0.32 a year earlier. Revenue was $341.1 million, and adjusted EBITDA was $136 million. Zacks earnings report
• Positive Sentiment: The company announced additional power contracts and increased guidance, supporting its power-focused strategy and potentially improving its growth outlook. Company results and guidance announcement
• Positive Sentiment: Piper Sandler maintained its Buy rating, offering continued analyst support. Piper Sandler rating
• Neutral Sentiment: SEI traded lower during regular hours, but its results came after the close and a report noted an after-hours gain. The available articles do not identify a specific reason for the earlier decline. Yahoo Finance earnings and after-hours report

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SEI. Stifel Nicolaus boosted their price objective 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. Barclays increased their price objective on Solaris Energy Infrastructure from $90.00 to $116.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. Needham & Company LLC reissued a “buy” rating and issued a $104.00 target price on shares of Solaris Energy Infrastructure in a report on Friday, October 30th. Northland Securities set a $111.00 price objective on shares of Solaris Energy Infrastructure in a research note on Wednesday, September 16th. Finally, Raymond James Financial upped their target price on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $94.08.

Solaris Energy Infrastructure Stock Down 17.2%

The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The firm has a 50 day moving average price of $65.63 and a two-hundred day moving average price of $63.38. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 67.55 and a beta of 1.40.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results 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. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The firm had revenue of $341.09 million for the quarter. On average, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director A. Teague acquired 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the purchase, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 20.23% of the stock is currently owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

Large investors have recently added to or reduced their stakes in the business. Situational Awareness LP lifted its holdings in Solaris Energy Infrastructure by 2.2% in the second quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock worth $90,889,000 after purchasing an additional 24,070 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its position in Solaris Energy Infrastructure by 146.2% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company’s stock valued at $73,244,000 after buying an additional 611,000 shares in the last quarter. Jennison Associates LLC grew its position 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. Two Seas Capital LP acquired a new position in Solaris Energy Infrastructure during the 3rd quarter valued at about $56,007,000. Finally, Dimensional Fund Advisors LP increased its stake 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 buying an additional 142,973 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.