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XPLR Infrastructure, LP fka NextEra Energy Partners, LP Investors: Please contact the Portnoy Law Firm to recover your losses; September 8, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Roomยท2025-08-29 20:11

Core Viewpoint - XPLR Infrastructure, formerly known as NextEra Energy Partners, is facing a class action lawsuit due to alleged misleading statements and a significant operational shift that led to a suspension of cash distributions, impacting investors negatively [3]. Group 1: Company Overview - XPLR Infrastructure operates as a "yieldco," acquiring, owning, and managing contracted clean energy assets in the U.S., including wind, solar, and natural gas pipeline projects [3]. - The company was positioned to generate stable, recurring cash flows and deliver consistent distributions to investors [3]. Group 2: Legal Allegations - The class action lawsuit claims that during the Class Period (September 27, 2023, to January 27, 2025), XPLR and its executives made false or misleading statements and failed to disclose critical information [3]. - On January 28, 2025, XPLR announced a complete suspension of cash distributions to common unitholders and a strategic shift away from the yieldco model, resulting in a nearly 35% decline in unit price [3]. Group 3: Operational Challenges - XPLR was facing significant operational challenges in sustaining its yieldco model and had entered into financing arrangements to temporarily alleviate these pressures while downplaying associated risks [5]. - The company lacked the ability to resolve these financings before maturity without risking substantial unitholder dilution [5]. - Defendants intended to suspend distributions to address financing obligations and other priorities, indicating that XPLR's business model and distribution growth trajectory were unsustainable [5].