Solaris Energy Infrastructure, Inc. (NYSE: SEI) has received a negative earnings outlook from Northland Capital Markets, which issued a report on November 10, 2023. Analyst B. Brooks revised the company’s earnings forecast for the first quarter of 2026, projecting earnings of $0.32 per share, down slightly from a previous estimate of $0.33. The consensus estimate for Solaris’s full-year earnings currently stands at $0.36 per share.
In addition to the first quarter projections, Northland Capital also provided estimates for subsequent quarters in 2026. They anticipate earnings of $0.43 per share for Q2, $0.52 for Q3, and $0.62 for Q4. Full-year earnings for 2026 are expected to total $1.89 per share, with a further increase to $3.24 per share projected for 2027.
Several other financial institutions have issued their assessments of Solaris Energy Infrastructure recently. Barclays raised its target price from $44.00 to $61.00, maintaining an “overweight” rating as of November 5, 2023. Meanwhile, Zacks Research upgraded the stock from a “hold” to a “strong-buy” rating on October 20, 2023. Northland Securities also set a target price of $61.00 on October 9, 2023. In contrast, Piper Sandler reduced its target price from $51.00 to $50.00 while keeping an “overweight” rating. Lastly, Citigroup increased its target from $38.00 to $56.00 and assigned a “buy” rating on October 13, 2023.
Currently, three equity research analysts have rated Solaris with a “Strong Buy,” while nine have assigned a “Buy” rating. Only one analyst has given the company a “Hold” rating. According to MarketBeat, Solaris Energy Infrastructure holds an average rating of “Buy” with a consensus price target of $49.44.
The stock opened at $44.94 on Wednesday, having experienced a decline of 5.0%. Solaris Energy Infrastructure has a market capitalization of $3.04 billion, a price-to-earnings ratio of 47.81, and a beta of 1.12. The firm also reports a 50-day simple moving average of $44.10 and a 200-day average of $33.60.
Recent earnings results reflect a positive trend for the company. In its latest report on November 3, 2023, Solaris posted earnings of $0.32 per share, exceeding the consensus estimate of $0.24 by $0.08. The company recorded revenue of $166.84 million for the quarter, surpassing analysts’ expectations of $142.82 million. Solaris Energy Infrastructure also reported a net margin of 7.02% and a return on equity of 9.38%.
Several hedge funds have adjusted their positions in Solaris Energy Infrastructure. Boston Partners increased its stake by 3.8%, now owning 54,931 shares valued at approximately $2.2 million. Marshall Wace LLP significantly raised its holdings by 1,938.6%, acquiring 532,538 shares worth about $21.3 million. Other firms, such as Kennedy Capital Management and BNP Paribas Financial Markets, have also increased their stakes during the third quarter.
In terms of insider activity, Kyle S. Ramachandran, the Chief Financial Officer, purchased 2,000 shares at an average price of $25.00 on September 9, 2023, totaling $50,000. Following this purchase, Ramachandran now owns 370,338 shares valued at approximately $9.26 million. Conversely, insider Christopher M. Powell sold 12,750 shares on August 26, 2023, for $382,500, decreasing his holdings by 8.89%.
Company insiders hold 21.20% of the stock, with a total of 2,137,533 shares sold by insiders in the last quarter, amounting to $106.73 million.
Solaris Energy Infrastructure, Inc. is involved in the manufacture of patented mobile proppant management systems, which are essential for oil and natural gas well sites. Their products include Mobile Proppant and Mobile Chemical Management Systems, along with Inventory Management Software.
