Morgan Stanley Reiterates “Underweight” Rating for XPLR Infrastructure (NYSE:XIFR)

Morgan Stanley reaffirmed their underweight rating on shares of XPLR Infrastructure (NYSE:XIFRFree Report) in a research note issued to investors on Monday morning, MarketBeat reports. The brokerage currently has a $13.00 target price on the solar energy provider’s stock, down from their previous target price of $22.00.

A number of other research analysts have also recently issued reports on XIFR. JPMorgan Chase & Co. cut their price target on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. Jefferies Financial Group reduced their price target on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Mizuho lowered their target price on XPLR Infrastructure from $33.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Evercore ISI lowered their target price on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, XPLR Infrastructure has a consensus rating of “Hold” and an average target price of $20.27.

Check Out Our Latest Stock Report on XPLR Infrastructure

XPLR Infrastructure Trading Down 3.4 %

Shares of NYSE:XIFR opened at $9.28 on Monday. The company has a market cap of $867.96 million, a P/E ratio of -92.80 and a beta of 1.03. The stock’s 50-day moving average is $16.62 and its 200-day moving average is $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. XPLR Infrastructure has a 52-week low of $9.22 and a 52-week high of $35.15.

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

Institutional Investors Weigh In On XPLR Infrastructure

A number of institutional investors have recently made changes to their positions in the company. M&G PLC lifted its holdings in shares of XPLR Infrastructure by 19.3% during the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after acquiring an additional 496,383 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of XPLR Infrastructure in the fourth quarter worth $21,449,000. Redwood Grove Capital LLC increased its holdings in XPLR Infrastructure by 19.7% in the third 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 position in XPLR Infrastructure by 15.3% during the 4th quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock worth $17,242,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in XPLR Infrastructure by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock worth $17,417,000 after buying an additional 46,728 shares during the period. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Company Profile

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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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Analyst Recommendations for XPLR Infrastructure (NYSE:XIFR)

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