Barclays Cuts XPLR Infrastructure (NYSE:XIFR) Price Target to $7.00

XPLR Infrastructure (NYSE:XIFR) had its target price lowered by Barclays from $17.00 to $7.00 in a report released on Monday,Benzinga reports. The brokerage currently has an underweight rating on the solar energy provider’s stock.

A number of other brokerages also recently issued reports on XIFR. Evercore ISI decreased their price target on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Morgan Stanley restated an “underweight” rating and set a $13.00 target price (down from $22.00) on shares of XPLR Infrastructure in a research report on Monday. Scotiabank lowered 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. Mizuho lowered their target price on XPLR Infrastructure from $33.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Guggenheim lowered their price objective on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, XPLR Infrastructure has an average rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Price Performance

NYSE:XIFR opened at $9.28 on Monday. The stock has a 50 day moving average price of $16.62 and a 200 day moving average price of $21.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The stock has a market cap of $867.96 million, a PE ratio of -92.80 and a beta of 1.03. XPLR Infrastructure has a one year low of $9.22 and a one year high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. Equities research analysts expect that XPLR Infrastructure will post 1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On XPLR Infrastructure

A number of institutional investors have recently modified their holdings of XIFR. M&G PLC boosted its stake in XPLR Infrastructure by 19.3% during the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after buying an additional 496,383 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in XPLR Infrastructure during the fourth quarter valued at approximately $21,449,000. Redwood Grove Capital LLC grew its stake in shares of XPLR Infrastructure by 19.7% in the 3rd quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock valued at $27,129,000 after purchasing an additional 161,436 shares during the period. abrdn plc raised its holdings in shares of XPLR Infrastructure by 15.3% in the 4th quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock worth $17,242,000 after buying an additional 130,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in XPLR Infrastructure by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock valued at $17,417,000 after acquiring an additional 46,728 shares during the period. Institutional investors 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.