Solaris Energy Infrastructure (NYSE:SEI) Given Hold (C+) Rating at Weiss Ratings

Solaris Energy Infrastructure (NYSE:SEI)‘s stock had its “hold (c+)” rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. Piper Sandler reduced their price target on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Stifel Nicolaus reiterated a “buy” rating and set a $45.00 target price (up from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Northland Securities set a $50.00 price objective on shares of Solaris Energy Infrastructure in a research report on Monday, August 4th. Finally, Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $39.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and an average price target of $43.67.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock opened at $48.15 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The firm’s 50-day simple moving average is $33.05 and its 200-day simple moving average is $27.92. Solaris Energy Infrastructure has a twelve month low of $12.78 and a twelve month high of $48.41. The firm has a market cap of $3.25 billion, a P/E ratio of 81.61 and a beta of 1.12.

Insider Activity at Solaris Energy Infrastructure

In related news, insider Christopher M. Powell sold 12,750 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $30.00, for a total transaction of $382,500.00. Following the transaction, the insider directly owned 130,615 shares of the company’s stock, valued at approximately $3,918,450. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Zartler purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the transaction, the chief executive officer owned 1,049,227 shares of the company’s stock, valued at $26,052,306.41. This trade represents a 0.96% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of large investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $78,967,000. Driehaus Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $44,073,000. Vanguard Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. boosted its stake in shares of Solaris Energy Infrastructure by 11.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock valued at $42,569,000 after purchasing an additional 158,338 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $24,335,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

About Solaris Energy Infrastructure

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.