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Pickering Energy Partners analysts upgrades an Outperform rating for Solaris Energy Infrastructure Inc (SEI)

Solaris Energy Infrastructure Inc’s filing revealed that its Director BURKE JAMES R unloaded Company’s shares for reported $0.13 million on Nov 07 ’24. In the deal valued at $16.72 per share,8,000 shares were sold. As a result of this transaction, BURKE JAMES R now holds 16,277 shares worth roughly $0.3 million.

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Then, Walker Ray N JR sold 20,511 shares, generating $338,432 in total proceeds. Upon selling the shares at $16.50, the Director now owns 56,905 shares.

Before that, Powell Christopher M sold 17,500 shares. Solaris Energy Infrastructure Inc shares valued at $148,750 were divested by the CHIEF LEGAL OFFICER at a price of $8.50 per share. As a result of the transaction, Powell Christopher M now holds 130,202 shares, worth roughly $2.39 million.

Pickering Energy Partners upgraded its Solaris Energy Infrastructure Inc [SEI] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Cowen’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Market perform”‘ rating for it. Cowen also remained covering SEI and has decreased its forecast on April 09, 2021 with a “Market perform” recommendation from previously “an Outperform” rating. Cowen maintained its rating on February 23, 2021. It rated SEI as “an Outperform”.

Price Performance Review of SEI

On Tuesday, Solaris Energy Infrastructure Inc [NYSE:SEI] saw its stock jump 2.40% to $18.38. Over the last five days, the stock has gained 31.10%. Solaris Energy Infrastructure Inc shares have risen nearly 130.90% since the year began. Nevertheless, the stocks have risen 108.86% over the past one year. While a 52-week high of $17.97 was reached on 11/12/24, a 52-week low of $6.59 was recorded on 01/17/24. SMA at 50 days reached $13.44, while 200 days put it at $10.44.

Levels Of Support And Resistance For SEI Stock

The 24-hour chart illustrates a support level at 17.86, which if violated will result in even more drops to 17.34. On the upside, there is a resistance level at 18.83. A further resistance level may holdings at 19.27. The Relative Strength Index (RSI) on the 14-day chart is 84.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.28%. Stochastics %K at 97.48% indicates the stock is a selling.

How much short interest is there in Solaris Energy Infrastructure Inc?

A steep rise in short interest was recorded in Solaris Energy Infrastructure Inc stocks on 2024-10-15, growing by 64326.0 shares to a total of 0.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.51 million shares. There was a rise of 11.11%, which implies that there is a positive sentiment for the stock.

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