#United States #Robbins Geller #Class Action #San Diego, California #XPLR Infrastructure

XPLR Infrastructure Investors Warning

Date: March 12, 2025
In a pressing announcement, Robbins Geller Rudman & Dowd LLP revealed that investors who purchased or acquired securities of XPLR Infrastructure, LP (formerly known as NextEra Energy Partners, LP) between January 26, 2021, and January 27, 2025, are encouraged to consider leading a class action lawsuit against the company. The deadline for potential lead plaintiffs to step forward is May 9, 2025.

Overview of the Class Action Lawsuit

The class action lawsuit, titled Jarvis v. XPLR Infrastructure, LP, filed in the Southern District of Florida, alleges severe violations under the Securities Exchange Act of 1934. The case discusses multiple failures by the executives of XPLR Infrastructure to disclose critical operational challenges and mismanagement that led to significant financial losses for investors.

According to the lawsuit, XPLR Infrastructure was functioning under a yieldco model, which is traditionally designed to attract investors by providing consistent cash distributions derived from fully operational clean energy projects. Unfortunately, the complaint contends that:

• - The company faced difficulties in maintaining its yieldco status, which inevitably compromised its business model.
• - To briefly alleviate these operational issues, XPLR entered into convertible equity portfolio financing (CEPF) agreements without adequately informing investors about the potential risks involved.
• - The arrangements created an impending threat of unitholder dilution, revealing the unsustainable nature of their distribution growth rate.

Critical Events During Class Period

The allegations point out several events that reflected the company's declining performance:

• - On April 25, 2023, KeyBanc Capital Markets downgraded XPLR Infrastructure's recommendation, indicating potential equity dilution concerns in an unfavorable financial landscape. The subsequent news led to a noticeable 6% drop in the company’s unit price.
• - Further deteriorating news came on September 27, 2023, when XPLR adjusted its growth rate expectations for partner distributions from 8% to 5%-8% through 2026, resulting in a further 20% plunge in stock value.
• - Following more disconcerting revelations on November 9, 2023, wherein Seaport Global Securities downgraded its position from neutral to sell, the unit price fell by over 11%.
• - Finally, on January 28, 2025, XPLR announced a shift from its yieldco model and indefinitely suspended cash distributions to direct funds towards resolving CEPF obligations, triggering a staggering 25% drop in the unit price.

The Lead Plaintiff Process

Under the Private Securities Litigation Reform Act of 1995, any investor affected by these events has the right to pursue lead plaintiff status in the lawsuit. This role is vital as it allows selected plaintiffs to represent the interests of all affected investors. The chosen lead plaintiff can appoint legal counsel of their choice to guide the proceedings.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP is a distinguished law firm recognized for its dedication to protecting the rights of investors, particularly in cases of securities fraud and shareholder disputes. Over recent years, the firm has achieved remarkable success in recovering funds for investors, making them one of the largest plaintiffs’ firms globally with extensive experience in high-stakes securities litigation.

Conclusion

If you qualify based on the above criteria and wish to be part of this pivotal lawsuit, it is advisable to act swiftly. To inquire about becoming a lead plaintiff or for more information, contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller at 800-449-4900 or via email at info@rgrdlaw.com. You can also access the detailed complaint and submit information through their official website.

Stay informed, take action, and ensure that your voice is heard in this significant legal matter.