XPLR Infrastructure (NYSE:XIFR) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded XPLR Infrastructure from “hold” to “strong buy,” although the broader analyst consensus remains “hold” with an average price target of $12.50.
• XIFR shares opened at $11.31 and were down 2.3%; the stock has traded between $8.68 and $13.25 over the past year.
• XPLR reported quarterly revenue of $363 million and adjusted earnings of $0.40 per share, beating consensus estimates by $0.90. Institutional investors and hedge funds own 66.01% of the company.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

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XIFR has been the subject of a number of other research reports. Weiss Ratings raised shares of XPLR Infrastructure from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 1st. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and issued a $12.00 target price on shares of XPLR Infrastructure in a report on Friday, July 17th. Morgan Stanley raised their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an "underweight" rating in a research note on Wednesday, May 20th. Mizuho lifted their price target on XPLR Infrastructure from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised XPLR Infrastructure from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, XPLR Infrastructure presently has an average rating of "Hold" and a consensus price target of $12.50.

XPLR Infrastructure Trading Down 2.3%

NYSE XIFR opened at $11.31 on Wednesday. XPLR Infrastructure has a 12 month low of $8.68 and a 12 month high of $13.25. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $11.92 and a 200-day moving average of $11.17. The company has a market cap of $1.07 billion, a PE ratio of 17.40 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The business had revenue of $363.00 million for the quarter. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, equities research analysts anticipate that XPLR Infrastructure will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the stock. Anchorage Capital Advisors L.P. lifted its stake in shares of XPLR Infrastructure by 109.8% during the 4th quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider's stock worth $68,993,000 after buying an additional 3,610,961 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in XPLR Infrastructure by 557.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider's stock valued at $46,000,000 after buying an additional 3,900,000 shares during the last quarter. MUFG Securities EMEA plc bought a new position in XPLR Infrastructure in the 2nd quarter valued at about $16,400,000. Aventail Capital Group LP raised its holdings in XPLR Infrastructure by 39.2% in the 4th quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider's stock valued at $16,086,000 after acquiring an additional 453,144 shares during the period. Finally, Prescott Group Capital Management L.L.C. lifted its position in XPLR Infrastructure by 22.0% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,331,085 shares of the solar energy provider's stock worth $13,311,000 after acquiring an additional 240,000 shares during the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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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