XPLR Infrastructure (NYSE:XIFR) Price Target Raised to $11.00 at Barclays

Key Points

• Price Target Increase: Barclays has raised the price target for XPLR Infrastructure (NYSE:XIFR) from $9.00 to $11.00, indicating a potential upside of 13.40% from its previous close, while maintaining an "underweight" rating.
• Mixed Analyst Ratings: Analyst opinions vary, with Jefferies increasing their target to $16.00 (buy rating) and Mizuho decreasing it to $12.00 (neutral rating), leading to an average rating of "Hold" across the board.
• Quarterly Earnings Beat: XPLR Infrastructure reported earnings of $0.84 per share for the last quarter, significantly exceeding the consensus estimate of $0.20, although revenue fell short of expectations at $342 million.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price objective boosted by equities research analysts at Barclays from $9.00 to $11.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the solar energy provider's stock. Barclays's price objective would suggest a potential upside of 13.40% from the company's previous close.

Several other brokerages also recently weighed in on XIFR. Jefferies Financial Group raised their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Mizuho decreased their price objective on XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, XPLR Infrastructure has an average rating of "Hold" and a consensus price target of $16.92.

XPLR Infrastructure Trading Down 2.0%

Shares of NYSE XIFR opened at $9.70 on Tuesday. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $28.25. The business has a fifty day moving average price of $8.94 and a 200 day moving average price of $8.99. The stock has a market capitalization of $911.51 million, a P/E ratio of -5.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.76.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.20 by $0.64. XPLR Infrastructure had a negative net margin of 12.94% and a positive return on equity of 1.80%. The business had revenue of $342.00 million during the quarter, compared to analyst estimates of $359.64 million. The firm's revenue was down 5.0% on a year-over-year basis. Equities research analysts expect that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

A hedge fund recently bought a new stake in XPLR Infrastructure stock. Dynamic Technology Lab Private Ltd acquired a new stake in XPLR Infrastructure, LP (NYSE:XIFR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,166 shares of the solar energy provider's stock, valued at approximately $256,000. 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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