Solaris Energy Infrastructure (NASDAQ:SEI) Upgraded to "Strong-Buy" at Northland Capmk

Solaris Energy Infrastructure (NASDAQ:SEI - Get Free Report) was upgraded by stock analysts at Northland Capmk to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They set an "overweight" rating and a $37.00 target price on the stock. Tudor, Pickering, Holt & Co. initiated coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 target price for the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus boosted their price objective on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Finally, Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday. They issued an "outperform" rating and a $37.00 target price on the stock. Six 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, Solaris Energy Infrastructure has a consensus rating of "Buy" and an average target price of $44.00.

Solaris Energy Infrastructure Stock Up 5.2 %

Shares of NASDAQ:SEI opened at $18.65 on Tuesday. The stock's 50-day simple moving average is $23.65. Solaris Energy Infrastructure has a twelve month low of $10.96 and a twelve month high of $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 42.39 and a beta of 1.12.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Laurie H. Argo purchased 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 completion of the purchase, the director now owns 46,064 shares of the company's stock, valued at $1,033,215.52. The trade was a 9.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in SEI. Rhumbline Advisers bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $962,000. GAMMA Investing LLC purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth $435,000. Assenagon Asset Management S.A. bought a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $772,000. Ritholtz Wealth Management purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $2,784,000. Finally, California State Teachers Retirement System bought a new stake in Solaris Energy Infrastructure in the 4th quarter worth $52,000. Institutional investors own 67.44% of the company's stock.

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.

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