Solaris Energy Infrastructure (NASDAQ:SEI) Sets New 1-Year High – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $38.00 and last traded at $37.19, with a volume of 907412 shares. The stock had previously closed at $29.34.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SEI. Stifel Nicolaus boosted their target price on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Piper Sandler assumed coverage on Solaris Energy Infrastructure in a research note on Thursday. They set an “overweight” rating and a $37.00 target price on the stock. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Finally, 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 for the company. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $40.00.

Solaris Energy Infrastructure Trading Up 27.3 %

The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 85.35 and a beta of 1.35. The company’s fifty day moving average price is $28.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

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.