Ardsley Advisory Partners LP Buys New Position in XPLR Infrastructure, LP $XIFR

Ardsley Advisory Partners LP purchased a new position in XPLR Infrastructure, LP (NYSE:XIFR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 730,000 shares of the solar energy provider’s stock, valued at approximately $5,986,000. Ardsley Advisory Partners LP owned 0.78% of XPLR Infrastructure as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of XPLR Infrastructure in the second quarter worth $25,000. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $55,000. MAI Capital Management acquired a new stake in XPLR Infrastructure in the 2nd quarter worth $94,000. Prudential Financial Inc. bought a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $119,000. Finally, Invesco Ltd. bought a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $244,000. 66.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XIFR. Morgan Stanley decreased their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 2nd. CIBC raised their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Barclays lowered their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.45.

XPLR Infrastructure Stock Up 0.4%

Shares of NYSE:XIFR opened at $8.88 on Wednesday. The company’s fifty day moving average is $9.79 and its 200-day moving average is $9.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.75. XPLR Infrastructure, LP has a 52 week low of $7.53 and a 52 week high of $19.28. The company has a market capitalization of $833.98 million, a PE ratio of -5.25 and a beta of 0.99.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). The firm had revenue of $315.00 million during the quarter, compared to analyst estimates of $331.56 million. XPLR Infrastructure had a negative net margin of 12.73% and a positive return on equity of 2.01%. The business’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts predict that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

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.