Solaris Energy Infrastructure (NASDAQ:SEI) Raised to Strong-Buy at Citigroup

Solaris Energy Infrastructure (NASDAQ:SEI) was upgraded by stock analysts at Citigroup to a “strong-buy” rating in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a $32.00 target price on the stock. Citigroup’s price objective points to a potential upside of 18.33% from the company’s previous close.

SEI has been the subject of a number of other reports. Northland Securities started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 price objective for the company. Piper Sandler boosted their target price on shares of Solaris Energy Infrastructure from $50.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Northland Capmk upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Tuesday, April 22nd. Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target for the company. Finally, Vertical Research started coverage on Solaris Energy Infrastructure in a research report on Wednesday, May 14th. They set a “buy” rating and a $36.00 price objective on the stock. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and an average target price of $43.14.

Solaris Energy Infrastructure Stock Up 6.3%

Shares of NASDAQ SEI opened at $27.04 on Thursday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 61.47 and a beta of 1.01. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure has a 12 month low of $10.96 and a 12 month high of $39.03. The stock has a 50-day moving average price of $20.99 and a two-hundred day moving average price of $24.82.

Insider Activity at Solaris Energy Infrastructure

In related news, CEO William A. Zartler bought 10,000 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of $21.78 per share, for a total transaction of $217,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,039,227 shares of the company’s stock, valued at approximately $22,634,364.06. The trade was a 0.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laurie H. Argo bought 4,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the transaction, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. This trade represents a 9.51% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 15,000 shares of company stock worth $330,100 over the last three months. Company insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $29,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $38,000. Nisa Investment Advisors LLC bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $41,000. Riverview Trust Co acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $47,000. Finally, California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at $52,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.