Solaris Energy Infrastructure (NASDAQ:SEI) Reaches New 12-Month High – Should You Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price reached a new 52-week high on Friday . The stock 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 Analysts Forecast Growth

SEI has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Solaris Energy Infrastructure from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Tudor, Pickering, Holt & Co. initiated 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. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Piper Sandler began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday. They issued an “overweight” rating and a $37.00 price target on the stock. Finally, Pickering Energy Partners upgraded shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $40.00.

Solaris Energy Infrastructure Stock Performance

The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.43 billion, a PE ratio of 82.24 and a beta of 1.35. The stock’s fifty day moving average price is $28.97.

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.