Solaris Energy Infrastructure (NYSE:SEI) Stock Price Down 8.4% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price fell 8.4% during trading on Monday . The company traded as low as $61.00 and last traded at $61.79. 997,030 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 2,759,374 shares. The stock had previously closed at $67.42.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SEI. Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday. Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research report on Friday, June 12th. Raymond James Financial increased their price objective on Solaris Energy Infrastructure from $82.00 to $96.00 and gave the stock an “outperform” rating in a research note on Wednesday. Piper Sandler lifted their target price on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Wolfe Research started 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 target for the company. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

Solaris Energy Infrastructure Stock Down 6.1%

The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. The business has a 50 day simple moving average of $58.65 and a 200 day simple moving average of $63.93. The stock has a market cap of $4.85 billion, a PE ratio of 74.46 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The company 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%. On average, equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director A. Teague bought 3,900 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, September 8th. The stock was purchased at an average cost 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 of the company’s stock, valued at $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.23% of the company’s stock.

Institutional Inflows and Outflows

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

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc (NYSE: SEI) is an energy infrastructure company that provides mobile, scalable power generation and management solutions. The company designs, manufactures, and deploys equipment intended to support customers that require reliable, flexible power in energy-intensive operating environments.

Solaris has historically served the North American oil and natural gas industry, supplying infrastructure used in well completion and other field operations. Its offerings include mobile power-generation systems, electrical distribution equipment, and related services designed to help customers manage on-site power requirements and reduce reliance on traditional diesel-based solutions.

The company has also expanded its focus beyond oilfield services to address growing power needs associated with data centers and other large-scale, power-intensive facilities.