#United States #Class Action #San Diego, CA #NextEra Energy #XPLR Infrastructure

XPLR Infrastructure and the Class Action Opportunity

Investors who acquired securities of XPLR Infrastructure, LP, formerly known as NextEra Energy Partners, LP, may have a critical window to join a class action lawsuit against the company. Announced by Robbins Geller Rudman & Dowd LLP, the opportunity arises for those who suffered substantial losses between January 26, 2021, and January 27, 2025 as they could seek to become lead plaintiffs in the case demanding accountability from the company and its executives.

Background on XPLR Infrastructure

XPLR Infrastructure specializes in acquiring and managing contracted clean energy projects. During the designated class period, the firm operated as a yieldco, meaning its primary focus was on owning operational power generation projects while returning significant cash distributions to investors. However, the lawsuit alleges that the company misrepresented its financial stability and attempts to maintain operations. Specific claims against XPLR Infrastructure include:

1. Financial Misstatement: Allegations suggest that XPLR Infrastructure struggled significantly, failing to disclose its operations challenges as a yieldco.

2. Conversion Financing Risks: The complaint indicates that the company temporarily alleviated its financial issues through convertible equity portfolio financing (CEPF) arrangements, while downplaying the associated risks.

3. Investment Risks: Investors were potentially misled about the sustainability of dividends. XPLR Infrastructure reportedly planned to halt investor distributions to prioritize managing its CEPFs, further complicating its financial strategy.

The class action lawsuit is centered on the alleged mismanagement and communication failures by top executives throughout the specified period.

Impact on Shareholders

Investors have faced a tumultuous period characterized by plummeting share prices as critical announcements were made, such as:

• - An April 2023 downgrade by KeyBanc Capital Markets led to a significant drop in stock price after concerns over impending equity dilution were raised.
• - A September 2023 revelation about the revision of growth rates for partner distributions resulted in a further price decline of over 20%.
• - By November 2023, more negative sentiment was corroborated when Seaport Global Securities downgraded XPLR Infrastructure shares, indicating concerns over the feasibility of its distribution outlook.
• - The culmination of these issues resulted in a drastic decline of more than 25% in intentions to maintain the yieldco structure and suspend cash distributions announced in January 2025.

How to Participate as a Lead Plaintiff

The process for becoming a lead plaintiff, a role typically assumed by an investor with the greatest financial stake involved and who also represents the interests of fellow shareholders, is supported by the Private Securities Litigation Reform Act of 1995. The lead plaintiff may choose a law firm for representation, emphasizing their voice in the ongoing litigation.

Contact Information for Interested Investors

For those who believe they have been affected and are interested in stepping forward, Robbins Geller Rudman & Dowd LLP encourages contacting their team. J.C. Sanchez and Jennifer N. Caringal are available at 800-449-4900 or via email at [email protected] to discuss details of the class action, ensuring that those impacted by XPLR Infrastructure's alleged misconduct have a path forward.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller is recognized globally for its dedication to securities fraud and shareholder litigation. Having successfully recovered billions for investors, they stand as a formidable advocate in the realm of investor rights. Their record of securing favorable outcomes positions them to represent investors potentially affected by XPLR Infrastructure's alleged mismanagement moving forward.

As this situation evolves, investors should stay connected for further updates while ensuring their interests are adequately represented during this critical juncture.