Morgan Stanley Forecasts Strong Price Appreciation for XPLR Infrastructure (NYSE:XIFR) Stock

XPLR Infrastructure (NYSE:XIFR) had its target price upped by investment analysts at Morgan Stanley from $10.00 to $11.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the solar energy provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 6.43% from the stock’s previous close.

A number of other brokerages also recently issued reports on XIFR. Royal Bank Of Canada began coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price objective for the company. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Evercore reissued a “hold” rating and set a $10.80 price objective on shares of XPLR Infrastructure in a research report on Thursday, March 5th. Mizuho set a $12.00 price objective on XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Barclays upped their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $12.47.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $10.34 on Tuesday. XPLR Infrastructure has a 12-month low of $7.53 and a 12-month high of $11.43. The stock has a market cap of $974.49 million, a P/E ratio of -33.34 and a beta of 0.97. The company has a 50-day moving average price of $10.37 and a 200 day moving average price of $10.01. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50.

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

Hedge Funds Weigh In On XPLR Infrastructure

Several institutional investors have recently modified their holdings of XIFR. Steward Partners Investment Advisory LLC acquired a new position in shares of XPLR Infrastructure in the second quarter worth $25,000. US Bancorp DE acquired a new position in shares of XPLR Infrastructure in the third quarter worth $28,000. Huntington National Bank raised its position in XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after purchasing an additional 2,698 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in XPLR Infrastructure in the 3rd quarter valued at about $55,000. Finally, JPMorgan Chase & Co. acquired a new stake in XPLR Infrastructure in the 2nd quarter valued at about $55,000. 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.