Solaris Energy Infrastructure (NYSE:SEI) Hits New 52-Week High on Analyst Upgrade

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $63.00 to $74.00. Barclays currently has an overweight rating on the stock. Solaris Energy Infrastructure traded as high as $65.78 and last traded at $65.40, with a volume of 1911299 shares. The stock had previously closed at $56.99.

SEI has been the subject of several other reports. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Glj Research began coverage on shares of Solaris Energy Infrastructure in a report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price objective for the company. Piper Sandler raised their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average target price of $58.20.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Large investors have recently added to or reduced their stakes in the business. CenterBook Partners LP lifted its stake in Solaris Energy Infrastructure by 513.1% during the third quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after purchasing an additional 347,693 shares during the last quarter. Hiddenite Capital Partners LP purchased a new position in Solaris Energy Infrastructure in the third quarter valued at approximately $13,990,000. AGF Management Ltd. acquired a new stake in Solaris Energy Infrastructure during the third quarter worth approximately $6,613,000. Ardsley Advisory Partners LP purchased a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter worth approximately $566,000. Finally, Advent International L.P. acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $40,246,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Price Performance

The stock’s 50-day moving average is $53.02 and its 200 day moving average is $47.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96. The stock has a market capitalization of $4.33 billion, a PE ratio of 89.10 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. The company had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. As a group, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.