Barclays Has Lowered Expectations for XPLR Infrastructure (NYSE:XIFR) Stock Price

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its target price dropped by equities research analysts at Barclays from $17.00 to $7.00 in a report issued on Monday,Benzinga reports. The firm currently has an "underweight" rating on the solar energy provider's stock. Barclays's price target points to a potential downside of 20.90% from the company's current price.

A number of other equities analysts have also recently issued reports on XIFR. Evercore ISI dropped their price target on shares of XPLR Infrastructure from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group cut their price target on shares of XPLR Infrastructure from $25.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Mizuho decreased their price objective on shares of XPLR Infrastructure from $33.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their target price on 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, CIBC decreased their price target 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. Three 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 presently has a consensus rating of "Hold" and a consensus price target of $20.27.

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XPLR Infrastructure Stock Down 4.7 %

Shares of XIFR stock traded down $0.44 during trading hours on Monday, hitting $8.85. 5,818,726 shares of the company's stock traded hands, compared to its average volume of 4,524,105. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. The stock's fifty day simple moving average is $16.62 and its two-hundred day simple moving average is $21.16. XPLR Infrastructure has a 12-month low of $8.81 and a 12-month high of $35.15. The stock has a market cap of $827.78 million, a price-to-earnings ratio of -88.50 and a beta of 1.03.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings data 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%. On average, analysts expect that XPLR Infrastructure will post 1.54 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

A number of hedge funds have recently modified their holdings of XIFR. M&G PLC lifted its holdings 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 valued at $85,738,000 after purchasing an additional 496,383 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of XPLR Infrastructure during the 4th quarter valued at $21,449,000. Redwood Grove Capital LLC boosted its holdings in 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 worth $27,129,000 after buying an additional 161,436 shares during the period. abrdn plc increased its stake in 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. increased its stake in XPLR Infrastructure by 8.0% in 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 in the last quarter. Institutional investors own 66.01% of the company's stock.

XPLR Infrastructure Company Profile

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.