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Investing.com - Jefferies raised its price target on XPLR Infrastructure (NYSE:XIFR) to $17.00 from $16.00 on Friday, while maintaining a Buy rating on the stock. Currently trading at $9.28, InvestingPro analysis suggests the stock is undervalued, with a strong dividend yield of 41.24% and healthy liquidity metrics.
The investment firm described XPLR’s second quarter of 2025 as "uneventful," noting that the company did not schedule an earnings call as management continues to focus on execution and balance sheet improvement. The company’s current ratio of 1.85 indicates strong short-term financial health, while revenue growth remains robust at 15.14% over the last twelve months.
XPLR completed the buyout of CEPF 1 during the second quarter, marking the first of five planned buyouts, and announced a buyer for its Meade Pipeline ahead of the November deadline, though at a lower exit multiple than anticipated.
Jefferies indicated that investors should expect additional quiet quarters as XPLR works to reduce its more than $3 billion CEPF balance.
The firm noted that management’s current focus on balance sheet cleanup is a necessary step before the company can eventually return to growth.
In other recent news, XPLR Infrastructure announced securing $426 million in project-level loans to support its renewable energy assets. This funding involves new senior secured term loan facilities through its indirect subsidiaries, with a significant portion allocated to Clark Portfolio Holdings, LLC. The loan is secured by renewable energy projects with a net generating capacity of about 191 megawatts. XPLR Infrastructure also reported a net loss of $98 million for the first quarter, largely due to a non-cash goodwill impairment. However, the company saw a 2% increase in adjusted EBITDA, reaching $471 million, driven by increased net generation.
In terms of analyst activity, Jefferies raised its price target for XPLR Infrastructure to $16, maintaining a Buy rating, following an updated forecast on Power Purchase Agreement pricing. Conversely, Mizuho (NYSE:MFG) Securities lowered its price target to $12 while keeping a Neutral rating on the stock. These developments highlight differing perspectives on the company’s valuation and potential.
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