Northland Securities Begins Coverage on Solaris Energy Infrastructure (NASDAQ:SEI)

Equities research analysts at Northland Securities began coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $37.00 price target on the stock. Northland Securities' target price points to a potential upside of 79.51% from the stock's current price.

Several other research analysts have also weighed in on the stock. Tudor, Pickering, Holt & Co. initiated coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price objective on the stock. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a report on Wednesday, January 22nd. Piper Sandler began coverage on Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an "overweight" rating and a $37.00 price objective for the company. Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Finally, Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $44.00.

Solaris Energy Infrastructure Trading Up 2.4 %

Shares of SEI stock traded up $0.49 during mid-day trading on Tuesday, hitting $20.61. 794,128 shares of the company's stock were exchanged, compared to its average volume of 972,017. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 46.85 and a beta of 1.12. The stock has a 50-day simple moving average of $23.12 and a two-hundred day simple moving average of $23.70. Solaris Energy Infrastructure has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo acquired 4,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $22.43 per share, for a total transaction of $89,720.00. Following the acquisition, the director now directly owns 46,064 shares of the company's stock, valued at $1,033,215.52. This represents a 9.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 21.20% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers purchased a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $962,000. GAMMA Investing LLC acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth approximately $435,000. Assenagon Asset Management S.A. bought a new stake in shares of Solaris Energy Infrastructure in the first quarter worth $772,000. Ritholtz Wealth Management bought a new stake in shares of Solaris Energy Infrastructure in the first quarter worth $2,784,000. Finally, California State Teachers Retirement System acquired a new stake in Solaris Energy Infrastructure in the fourth quarter valued at $52,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

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.