XPLR Infrastructure (NYSE:XIFR) Sets New 12-Month High - What's Next?

Key Points

• XPLR Infrastructure (NYSE:XIFR) hit a new 52‑week high of $11.56 and last traded around $11.43 on heavy volume (842,284 shares).
• Analyst views are mixed—two Buy, three Hold and three Sell—giving a consensus rating of "Reduce" and a $12.40 average price target.
• The company reported a quarterly EPS beat ($0.30 vs. consensus −$0.57) but revenue fell 15.3% year‑over‑year to $249 million and the business still shows negative net margins.

XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $11.56 and last traded at $11.4250, with a volume of 842284 shares. The stock had previously closed at $10.81.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XIFR. Mizuho set a $12.00 price objective on XPLR Infrastructure in a research report on Wednesday, February 11th. Wall Street Zen lowered XPLR Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, April 18th. Canadian Imperial Bank of Commerce reduced their price target on XPLR Infrastructure from $11.50 to $11.00 and set a "neutral" rating for the company in a report on Monday, April 20th. Royal Bank Of Canada assumed coverage on XPLR Infrastructure in a report on Tuesday, January 6th. They set an "outperform" rating and a $14.00 price target for the company. Finally, Morgan Stanley lifted their price target on XPLR Infrastructure from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, XPLR Infrastructure currently has an average rating of "Reduce" and a consensus price target of $12.40.

XPLR Infrastructure Price Performance

The stock has a 50 day moving average of $10.33 and a two-hundred day moving average of $9.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a market capitalization of $1.06 billion, a P/E ratio of -36.24 and a beta of 0.89.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business had revenue of $249.00 million for the quarter. XPLR Infrastructure's revenue for the quarter was down 15.3% on a year-over-year basis. Sell-side analysts predict that XPLR Infrastructure, LP will post -0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XIFR. JPMorgan Chase & Co. bought a new position in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $55,000. Legal & General Group Plc bought a new position in XPLR Infrastructure in the 2nd quarter worth approximately $830,000. Prudential Financial Inc. bought a new position in XPLR Infrastructure in the 2nd quarter worth approximately $119,000. Arrowstreet Capital Limited Partnership bought a new position in XPLR Infrastructure in the 2nd quarter worth approximately $2,869,000. Finally, Invesco Ltd. bought a new position in XPLR Infrastructure in the 2nd quarter worth approximately $244,000. 66.01% of the stock is owned by institutional investors.

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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