Ardsley Advisory Partners LP Purchases New Shares in XPLR Infrastructure, LP $XIFR

Ardsley Advisory Partners LP acquired a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 730,000 shares of the solar energy provider’s stock, valued at approximately $5,986,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of XPLR Infrastructure in the second quarter worth about $25,000. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at approximately $55,000. MAI Capital Management bought a new position in XPLR Infrastructure in the 2nd quarter worth approximately $94,000. Prudential Financial Inc. acquired a new position in XPLR Infrastructure during the 2nd quarter worth $119,000. Finally, Invesco Ltd. bought a new position in XPLR Infrastructure in the 2nd quarter valued at $244,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

XPLR Infrastructure Trading Up 0.4%

XIFR opened at $8.88 on Wednesday. The firm’s fifty day moving average is $9.79 and its two-hundred day moving average is $9.51. The firm has a market cap of $833.98 million, a PE ratio of -5.25 and a beta of 0.99. XPLR Infrastructure, LP has a twelve month low of $7.53 and a twelve month high of $19.28. 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 (NYSE:XIFR) last announced its quarterly earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.30). XPLR Infrastructure had a negative net margin of 12.73% and a positive return on equity of 2.01%. The firm had revenue of $315.00 million during the quarter, compared to analyst estimates of $331.56 million. XPLR Infrastructure’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts anticipate that XPLR Infrastructure, LP will post 2.33 EPS for the current 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.