XPLR Infrastructure (NYSE:XIFR – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Other equities research analysts also recently issued research reports about the company. Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $12.00 price target on shares of XPLR Infrastructure in a research report on Friday. Evercore set a $11.00 price objective on XPLR Infrastructure in a report on Monday, May 11th. Finally, Morgan Stanley lifted their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $12.17.
View Our Latest Stock Analysis on XPLR Infrastructure
XPLR Infrastructure Stock Performance
XPLR Infrastructure (NYSE:XIFR – Get Free Report) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The firm had revenue of $275.00 million for the quarter. During the same quarter in the prior year, the firm posted ($1.05) earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Research analysts predict that XPLR Infrastructure will post -1.34 EPS for the current fiscal year.
Institutional Investors Weigh In On XPLR Infrastructure
Institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its holdings in XPLR Infrastructure by 372.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock worth $10,304,000 after acquiring an additional 687,931 shares during the period. Central Pacific Bank Trust Division increased its holdings in XPLR Infrastructure by 35.9% in the second quarter. Central Pacific Bank Trust Division now owns 26,500 shares of the solar energy provider’s stock valued at $313,000 after purchasing an additional 7,000 shares during the last quarter. Bank of America Corp DE increased its holdings in XPLR Infrastructure by 248.8% in the first quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock valued at $8,157,000 after purchasing an additional 547,898 shares during the last quarter. Amundi lifted its stake in XPLR Infrastructure by 25.8% in the first quarter. Amundi now owns 114,113 shares of the solar energy provider’s stock valued at $1,212,000 after buying an additional 23,426 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in XPLR Infrastructure by 58.4% during the first quarter. California State Teachers Retirement System now owns 127,718 shares of the solar energy provider’s stock worth $1,356,000 after buying an additional 47,081 shares during the last quarter. 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.
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