The Gabelli Focused Growth and Income Fund on XPLR Infrastructure LP
Thesis
XPLR returned to profitability and reaffirmed free-cash-flow guidance, supporting Gabelli's view that its repositioning is working. Repowering and recontracting of wind, solar, and battery assets can unlock embedded value, while AI-driven power demand provides a structural tailwind. Gabelli believes the units remain undervalued relative to the cash-generating power of the underlying assets and expects execution to drive a further re-rating.
“we believe the units remain undervalued relative to the cash-generating power of the underlying assets.”