XPLR Infrastructure (NYSE:XIFR) Given New $11.00 Price Target at Morgan Stanley

XPLR Infrastructure (NYSE:XIFR) had its target price hoisted by Morgan Stanley from $10.00 to $11.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an underweight rating on the solar energy provider’s stock.

Other research analysts also recently issued reports about the stock. Mizuho set a $12.00 target price on shares of XPLR Infrastructure in a research report on Wednesday, February 11th. Barclays boosted their target price on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Royal Bank Of Canada began coverage on XPLR Infrastructure in a report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price target for the company. Finally, Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, XPLR Infrastructure currently has an average rating of “Reduce” and a consensus price target of $12.47.

XPLR Infrastructure Trading Down 1.6%

XPLR Infrastructure stock opened at $10.37 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. XPLR Infrastructure has a 52 week low of $7.53 and a 52 week high of $11.43. The company has a market capitalization of $977.37 million, a price-to-earnings ratio of -33.44 and a beta of 0.97. The stock has a 50-day moving average price of $10.37 and a 200 day moving average price of $10.01.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.87. The company had revenue of $249.00 million during the quarter. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The business’s revenue was down 15.3% compared to the same quarter last year. Sell-side analysts anticipate that XPLR Infrastructure will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XIFR. Abundance Wealth Counselors acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $1,112,000. GraniteShares Advisors LLC acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $1,763,000. DekaBank Deutsche Girozentrale acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $1,299,000. Aberdeen Group plc acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $7,044,000. Finally, Anchorage Capital Advisors L.P. acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $33,443,000. Institutional investors and hedge funds 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.