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On Monday, Mizuho (NYSE:MFG) Securities revised its price target for XPLR Infrastructure shares, listed on the New York Stock Exchange, decreasing it to $12.00 from the previous $15.00. Despite the change in price target, the firm has decided to maintain a Neutral rating for the stock. According to InvestingPro analysis, the stock appears undervalued at its current price of $8.96, trading at a notably low Price/Book multiple of 0.27x.
XPLR Infrastructure, formerly known as NEP, disclosed a net loss of $98 million for the first quarter. The substantial loss was attributed primarily to a non-cash goodwill impairment. However, the company did report a slight 2% year-over-year increase in adjusted EBITDA, which reached $471 million. This rise was supported by a boost in net generation. The company maintains strong liquidity with a current ratio of 1.85 and offers an attractive dividend yield of 41%. InvestingPro subscribers can access 10+ additional key insights about XPLR’s financial health and valuation metrics.
The company is in the midst of executing a multi-year capital restructuring plan. Its free cash flow before growth (FCFBG) remained unchanged at $194 million. The timing of debt repayments has been cited as a factor neutralizing financial gains.
Despite the challenges faced in the transition year of 2025, XPLR Infrastructure has reaffirmed its full-year adjusted EBITDA guidance, which is expected to be between $1.85 billion and $2.05 billion. Additionally, the company has maintained its 2026 FCFBG guidance, projecting it to be in the range of $600 million to $700 million. The company has demonstrated strong revenue growth of 15.14% over the last twelve months, and analysts expect profitability to improve this year, according to InvestingPro data.
Mizuho’s updated price target of $12 reflects the current market multiples, aligning with the latest financial data and market conditions surrounding XPLR Infrastructure.
In other recent news, XPLR Infrastructure announced the results of its 2025 Annual Meeting of Unitholders, where all four director nominees were elected with a majority of votes. Additionally, Deloitte & Touche LLP was ratified as the independent auditor for 2025 with strong unitholder support. Jefferies made adjustments to its price target for XPLR Infrastructure, initially reducing it to $12 due to increased interest expenses from new debt, but later raising it to $13, maintaining a Buy rating both times. XPLR Infrastructure also launched a $1.4 billion private offering of senior unsecured notes, with proceeds aimed at repowering capital expenditures and repaying existing debt.
The company reported significant leadership changes, with Rebecca Kujawa retiring from the Board and James M. May resigning as Controller to join NextEra Energy (NYSE:NEE). William J. Gough has been appointed as the new Controller, and Michael H. Dunne will join the Board. These developments reflect XPLR Infrastructure’s efforts to strengthen its governance and financial strategies. Analysts from Jefferies noted that while there are challenges, the long-term outlook for the company’s stock remains positive due to ongoing interest in renewable energy portfolios. The firm continues to navigate these changes while focusing on delivering value to its unitholders.
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