CIBC Lifts PT on XPLR Infrastructure (XIFR) to $11.50 From $11, Keeps a Neutral Rating

XPLR Infrastructure (NYSE:XIFR) is one of the most undervalued small cap stocks to invest in now. CIBC lifted the price target on XPLR Infrastructure (NYSE:XIFR) to $11.50 from $11 on October 21, while keeping a Neutral rating on the shares. The firm told investors that it anticipates Regulated Utilities to meet or surpass consensus, supported by new rates and generally solid loads.

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It added that although Q3 results likely favor the Utilities sector, the firm is still positive towards the Power names more from an investment landscape, considering more growth and valuation upside, along with better momentum.

The firm said that it anticipates Power companies to deliver generally softer results, provided muted realized pricing trends and less favorable generation trends in key regions for most.

CIBC further stated that markets and credit spreads have been increasingly volatile, and for a defensive hedge, investors should still hold some regulated exposure.

XPLR Infrastructure (NYSE:XIFR) is involved in the management, acquisition, and ownership of contracted clean energy portfolios with long-term cash flows. The company’s focus is on solar, battery storage, and wind initiatives.

While we acknowledge the potential of XIFR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XIFR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.