Sep. 12 at 9:04 AM
$XIFR Jefferies just bumped its target from ~
$13 to
$16, cheerleading the idea that expiring power purchase agreements can be renegotiated on better terms. Other analysts aren’t so generous—several have cut targets, pointing to valuation concerns & earnings expectations sliding from ~
$2.33 to ~
$1.60 per share for the upcoming year. A pending class-action lawsuit over alleged securities violations, & the “infrastructure” story starts to look more like litigation risk wrapped in a declining earnings profile. The fundamentals: negative or thin margins, a stock price still languishing well below historical highs, & a volitile 52-week range. Downward earnings revisions are a clear red flag, & if renegotiations go poorly, income could shrink even further.
