Solaris Energy Infrastructure (NASDAQ:SEI) Stock Price Up 4.9% – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price shot up 4.9% on Tuesday . The stock traded as high as $21.37 and last traded at $21.45. 1,201,008 shares changed hands during trading, an increase of 42% from the average session volume of 845,167 shares. The stock had previously closed at $20.46.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SEI. Stifel Nicolaus upped their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Piper Sandler began coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 target price for the company. Tudor, Pickering, Holt & Co. started coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 target price on the stock. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $45.75.

Solaris Energy Infrastructure Price Performance

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 cap of $1.49 billion, a P/E ratio of 50.11 and a beta of 1.32. The stock has a 50-day simple moving average of $28.62.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.16%. Solaris Energy Infrastructure’s dividend payout ratio is presently 97.96%.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo acquired 4,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought 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 represents a 9.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 34.71% of the stock is currently owned by insiders.

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.