Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 16.3% on Analyst Upgrade

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price rose 16.3% during trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $15.00 to $23.00. Stifel Nicolaus currently has a buy rating on the stock. Solaris Energy Infrastructure traded as high as $16.33 and last traded at $16.31. Approximately 359,660 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 370,201 shares. The stock had previously closed at $14.02.

Separately, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday.

Solaris Energy Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.10 and a current ratio of 1.25. The company has a market capitalization of $717.64 million, a P/E ratio of 36.75 and a beta of 1.22.

Solaris Energy Infrastructure (NASDAQ:SEI) last issued its earnings results on Thursday, August 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Solaris Energy Infrastructure had a net margin of 4.80% and a return on equity of 7.62%. The company had revenue of $73.89 million for the quarter, compared to the consensus estimate of $70.00 million. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.52 EPS for the current fiscal year.

Solaris Energy Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.