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Citi Sticks to Their Buy Rating for Solaris Energy Infrastructure (SEI)

Citi Sticks to Their Buy Rating for Solaris Energy Infrastructure (SEI)

In a report released today, Scott Gruber from Citi maintained a Buy rating on Solaris Energy Infrastructure, with a price target of $38.00. The company's shares closed today at $30.86.
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According to TipRanks, Gruber is a 5-star analyst with an average return of 10.1% and a 53.42% success rate. Gruber covers the Energy sector, focusing on stocks such as APA, Helmerich & Payne, and Occidental Petroleum.
In addition to Citi, Solaris Energy Infrastructure also received a Buy from Northland Securities's Bobby Brooks in a report issued today. However, on August 2, TR | OpenAI – 4o downgraded Solaris Energy Infrastructure (NYSE: SEI) to a Hold.
The company has a one-year high of $39.03 and a one-year low of $10.96. Currently, Solaris Energy Infrastructure has an average volume of 1.55M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEI in relation to earlier this year. Last month, J Turbines, Inc., a Major Shareholder at SEI sold 4,000,000.00 shares for a total of $121,200,000.00.
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