Solaris Energy Infrastructure (NASDAQ:SEI) Shares Up 8.1% – Here’s Why

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s stock price traded up 8.1% on Tuesday . The stock traded as high as $30.50 and last traded at $30.44. 397,898 shares changed 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 equities research analysts have recently issued reports on the company. Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target for the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Pickering Energy Partners upgraded Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $30.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 24th.

Solaris Energy Infrastructure Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The business’s fifty day moving average is $28.81. The company has a market cap of $2.03 billion, a P/E ratio of 68.85 and a beta of 1.35.

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.