Jul. 11 at 2:25 PM
$XIFR ."XPLR Infrastructure’s share price climbed sharply yesterday, after Jefferies Financial Group raised its price target from
$13 to
$16 and reiterated a "buy" rating, citing a detailed analysis that showed the company’s assets are undervalued and that it is well-positioned to re-contract its power assets at premium rates as older agreements expire, especially in light of inflationary pressures from expiring input tax credits. This bullish analyst outlook was reinforced by XPLR’s recent success in securing
$426 million in project-level loans for renewable energy projects and a modest year-over-year increase in adjusted EBITDA, which together boosted investor confidence and led to a surge in trading volume and share price.
This limited partnership for clean-energy projects is expected to post quarterly earnings of
$0.58 per share in its upcoming report, which represents a year-over-year change of -12.1%. Revenues are expected to be
$357.1 million, down 0.8% from the year-ago quarter.