Solaris Energy Infrastructure (NASDAQ:SEI) Trading 8.1% Higher – What’s Next?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price shot up 8.1% during mid-day trading on Tuesday . The stock traded as high as $30.50 and last traded at $30.44. 397,898 shares traded hands during trading, a decline of 56% from the average session volume of 907,764 shares. The stock had previously closed at $28.16.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SEI. Stifel Nicolaus lifted their price target on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 24th. Piper Sandler began coverage on shares of Solaris Energy Infrastructure in a report on Thursday. They set an “overweight” rating and a $37.00 price target on the stock. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target on the stock. Finally, Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $40.00.

Solaris Energy Infrastructure Stock Performance

The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.96 billion, a PE ratio of 66.53 and a beta of 1.35. The business has a fifty day moving average of $28.80.

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.