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

XPLR Infrastructure (NYSE:XIFR)‘s stock had its “underweight” rating reiterated by research analysts at Morgan Stanley in a research report issued on Monday, MarketBeat Ratings reports. They currently have a $13.00 target price on the solar energy provider’s stock, down from their prior target price of $22.00. Morgan Stanley’s price objective points to a potential upside of 36.27% from the company’s current price.

XIFR has been the subject of a number of other research reports. Evercore ISI decreased their price target on shares of XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. reduced their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. CIBC dropped their price target on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Mizuho reduced their price objective 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, Jefferies Financial Group decreased their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.27.

XPLR Infrastructure Stock Down 2.9 %

NYSE:XIFR opened at $9.54 on Monday. The company’s 50-day simple moving average is $16.78 and its 200-day simple moving average is $21.24. 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 fifty-two week low of $9.37 and a fifty-two week high of $35.15. The stock has a market capitalization of $892.28 million, a P/E ratio of -95.40 and a beta of 1.03.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share 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%. On average, equities analysts anticipate that XPLR Infrastructure will post 1.54 earnings per share for the current fiscal year.

Institutional Trading of XPLR Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of XIFR. Brown Miller Wealth Management LLC raised its stake in XPLR Infrastructure by 2.4% in the 3rd quarter. Brown Miller Wealth Management LLC now owns 18,459 shares of the solar energy provider’s stock valued at $509,000 after purchasing an additional 433 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of XPLR Infrastructure by 5.7% during the third quarter. Apollon Wealth Management LLC now owns 12,306 shares of the solar energy provider’s stock worth $340,000 after buying an additional 667 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of XPLR Infrastructure by 150.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider’s stock valued at $46,000 after buying an additional 1,000 shares during the last quarter. Truist Financial Corp lifted its stake in shares of XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after buying an additional 1,049 shares in the last quarter. Finally, Creative Planning boosted its position in XPLR Infrastructure by 15.2% during the second quarter. Creative Planning now owns 11,307 shares of the solar energy provider’s stock worth $313,000 after acquiring an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors 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.