Janney Montgomery Scott Initiates Coverage on Solaris Energy Infrastructure (NASDAQ:SEI)

Equities research analysts at Janney Montgomery Scott assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI) in a research note issued on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $57.00 price target on the stock. Janney Montgomery Scott’s target price indicates a potential upside of 73.52% from the company’s current price.

Other research analysts also recently issued research reports about the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus increased their price target on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Monday. 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. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 target price for the company. Finally, Piper Sandler assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $45.75.

Solaris Energy Infrastructure Stock Up 1.2 %

SEI stock opened at $32.85 on Tuesday. 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 company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 74.66 and a beta of 1.35. The firm has a 50 day simple moving average of $29.25. Solaris Energy Infrastructure has a 12-month low of $7.49 and a 12-month high of $39.03.

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.