Solaris Energy Infrastructure (NASDAQ:SEI) Trading Up 7.3% – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares rose 7.3% on Tuesday . The company traded as high as $22.78 and last traded at $22.81. Approximately 632,728 shares traded hands during trading, a decline of 45% from the average daily volume of 1,156,979 shares. The stock had previously closed at $21.26.

Analyst Upgrades and Downgrades

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

Solaris Energy Infrastructure Price Performance

The firm’s fifty day simple moving average is $29.27. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 50.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure Dividend Announcement

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

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.