11 Most Undervalued Utility Stocks to Buy Now

2. XPLR Infrastructure, LP (NYSE:XIFR)

Forward P/E: 4.79

On February 12, Barclays raised the firm’s price target on XPLR Infrastructure, LP (NYSE:XIFR) to $12 from $10 while maintaining an Underweight rating. On the same day, Mizuho also increased its price target to $12 from $10. While ratings remain cautious, the upward revisions indicate incremental recognition of the company’s asset base and cash flow visibility.

On February 10, XPLR Infrastructure, LP (NYSE:XIFR) reported Q4 2025 results, highlighting full-year 2025 adjusted EBITDA of $1.88 billion and free cash flow before growth of $746 million, underscoring strong cash generation from its contracted clean energy portfolio. For 2026, management guided adjusted EBITDA of $1.75–$1.95 billion and free cash flow before growth of $600–$700 million. The capital plan is expected to be funded primarily through retained cash flows, supplemented by approximately $1.6 billion in project financing commitments and selective corporate debt issuance. This structured financing approach supports continued asset expansion while preserving balance sheet flexibility and limiting equity dilution.

XPLR Infrastructure, LP (NYSE:XIFR), a subsidiary of NextEra Energy headquartered in Juno Beach, Florida, focuses on the acquisition, ownership, and management of contracted renewable energy assets. Founded in 1925, the company benefits from long-term power contracts that provide predictable revenue streams. Its affiliation with a leading renewable energy developer and disciplined funding strategy position it to capitalize on sustained clean energy demand, supporting long-term cash flow durability.