XPLR Infrastructure (NYSE:XIFR) Price Target Cut to $12.00 by Analysts at Mizuho

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price objective decreased by equities research analysts at Mizuho from $15.00 to $12.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the solar energy provider's stock. Mizuho's price objective indicates a potential upside of 31.72% from the stock's current price.

XIFR has been the topic of a number of other reports. Scotiabank cut their price target on XPLR Infrastructure from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 29th. Guggenheim cut their price objective on shares of XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price target on shares of XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Barclays boosted their price objective on XPLR Infrastructure from $6.00 to $9.00 and gave the stock an "underweight" rating in a research note on Monday. Finally, Morgan Stanley reiterated an "underweight" rating and set a $13.00 price target (down from $22.00) on shares of XPLR Infrastructure in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, XPLR Infrastructure currently has a consensus rating of "Hold" and an average price target of $17.64.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR traded up $0.15 during midday trading on Monday, reaching $9.11. 678,002 shares of the stock traded hands, compared to its average volume of 2,741,497. XPLR Infrastructure has a one year low of $7.53 and a one year high of $35.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The company's 50 day moving average is $8.76 and its 200 day moving average is $13.05. The stock has a market capitalization of $855.99 million, a PE ratio of -91.10 and a beta of 0.93.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($1.30). XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. During the same period in the prior year, the company earned $0.75 earnings per share. XPLR Infrastructure's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Hedge funds have recently bought and sold shares of the stock. Truist Financial Corp lifted its position in shares of XPLR Infrastructure by 10.1% during the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock worth $204,000 after buying an additional 1,049 shares during the last quarter. Avion Wealth lifted its holdings in shares of XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider's stock valued at $47,000 after purchasing an additional 2,270 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of XPLR Infrastructure by 18.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider's stock valued at $381,000 after purchasing an additional 3,387 shares during the period. Castellan Group grew its stake in XPLR Infrastructure by 4.6% during the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider's stock worth $2,342,000 after buying an additional 5,772 shares during the last quarter. Finally, Barclays PLC boosted its holdings in XPLR Infrastructure by 41.1% during the third quarter. Barclays PLC now owns 21,315 shares of the solar energy provider's stock worth $589,000 after buying an additional 6,205 shares in the last quarter. Institutional investors and hedge funds own 66.01% of the company's stock.

About XPLR Infrastructure

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

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