XPLR Infrastructure (NYSE:XIFR) Given Underweight Rating at Morgan Stanley

XPLR Infrastructure (NYSE:XIFR - Get Free Report)'s stock had its "underweight" rating reissued by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a $13.00 target price on the solar energy provider's stock, down from their previous target price of $22.00. Morgan Stanley's price target suggests a potential upside of 36.27% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Guggenheim reduced their target price on XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. CIBC lowered their target price on XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. Finally, Mizuho lowered their price objective on shares of XPLR Infrastructure from $33.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.27.

XPLR Infrastructure Price Performance

XIFR stock traded down $0.28 during midday trading on Monday, reaching $9.54. The company had a trading volume of 4,541,168 shares, compared to its average volume of 4,482,854. The company has a market capitalization of $892.28 million, a price-to-earnings ratio of -95.40 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. XPLR Infrastructure has a 1-year low of $9.37 and a 1-year high of $35.15. The stock has a 50 day moving average price of $16.78 and a 200-day moving average price of $21.24.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, beating the consensus estimate 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 expect that XPLR Infrastructure will post 1.54 earnings per share for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC raised its stake in XPLR Infrastructure by 18.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,410 shares of the solar energy provider's stock worth $381,000 after buying an additional 3,387 shares during the last quarter. Good Life Advisors LLC acquired a new stake in XPLR Infrastructure during the 4th quarter worth about $218,000. Alberta Investment Management Corp bought a new position in shares of XPLR Infrastructure in the 4th quarter worth about $1,737,000. Truist Financial Corp lifted its stake in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider's stock valued at $204,000 after purchasing an additional 1,049 shares during the period. Finally, Castellan Group lifted its stake in shares of XPLR Infrastructure by 4.6% in the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider's stock valued at $2,342,000 after purchasing an additional 5,772 shares during the period. 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.