Wells Fargo & Company Has Lowered Expectations for Solaris Energy Infrastructure (NYSE:SEI) Stock Price

Solaris Energy Infrastructure (NYSE:SEI) had its price target cut by research analysts at Wells Fargo & Company from $72.00 to $65.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 18.67% from the company’s current price.

Several other research analysts have also issued reports on the stock. Citigroup upped their target price on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Barclays raised their price target on Solaris Energy Infrastructure from $90.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, September 28th. Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Morgan Stanley upped their price objective on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings lowered Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $96.31.

Solaris Energy Infrastructure Price Performance

SEI stock traded up $4.23 during midday trading on Friday, reaching $54.78. The company had a trading volume of 774,916 shares, compared to its average volume of 2,809,012. The firm has a 50-day moving average price of $65.59 and a 200-day moving average price of $63.35. The company has a market capitalization of $4.19 billion, a P/E ratio of 57.22 and a beta of 1.40. Solaris Energy Infrastructure has a 1 year low of $38.50 and a 1 year high of $86.19. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.23. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. The firm had revenue of $341.09 million for the quarter. On average, research analysts anticipate that Solaris Energy Infrastructure will post 1.37 earnings per share for the current fiscal year.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director A. Teague purchased 3,900 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average price of $64.21 per share, with a total value of $250,419.00. Following the acquisition, the director directly owned 116,865 shares in the company, valued at approximately $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 20.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of SEI. Fifth Third Bancorp grew its stake in shares of Solaris Energy Infrastructure by 860.7% in the third quarter. Fifth Third Bancorp now owns 35,583 shares of the company’s stock worth $2,533,000 after purchasing an additional 31,879 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in Solaris Energy Infrastructure during the 3rd quarter valued at about $1,044,000. Penn Capital Management Company LLC increased its holdings in Solaris Energy Infrastructure by 41.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 317,999 shares of the company’s stock valued at $22,678,000 after purchasing an additional 93,514 shares during the period. Fulcrum Asset Management LLP increased its holdings in Solaris Energy Infrastructure by 642.3% during the 3rd quarter. Fulcrum Asset Management LLP now owns 58,270 shares of the company’s stock valued at $3,982,000 after purchasing an additional 50,420 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in Solaris Energy Infrastructure by 13.5% during the 3rd quarter. Pictet Asset Management Holding SA now owns 7,979 shares of the company’s stock valued at $568,000 after purchasing an additional 947 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

About Solaris Energy Infrastructure

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.