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Globe and Mail
3 days ago
- Business
- Globe and Mail
XIFR Investors Have Opportunity to Lead XPLR Infrastructure, LP Securities Fraud Lawsuit with the Schall Law Firm
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against XPLR Infrastructure, LP ('XPLR' or 'the Company') (NYSE: XIFR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between September 27, 2023 and January 27, 2025, inclusive (the 'Class Period'), are encouraged to contact the firm before September 8, 2025. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. XPLR struggled to maintain operations as a yieldco, owning and operating power projects with an emphasis on delivering large cash distributions to investors. The Company attempted to relieve its problems while entering financing arrangements it downplayed the risks of. The Company was not capable of resolving its financing deals before maturity date without unitholder dilution. The Company planned to halt cash distributions to investors so it could redirect funds to its financing deals. The Company's business model as a yieldco was unsustainable. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about XPLR, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Scott+Scott Attorneys at Law LLP Files Securities Class Action Against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP (NYSE: XIFR)
Scott+Scott Attorneys at Law LLP ('Scott+Scott'), an international shareholder and consumer rights litigation firm, has filed a securities class action lawsuit in the United States District Court for the Southern District of California against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP ('XPLR' or the 'Company') (NYSE: XIFR), and certain of its former and current officers and/or directors (collectively, 'Defendants'). The Class Action asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 (15 U.S.C. §§78j(b) and 78t(a)) and U.S. Securities and Exchange Commission Rule 10b-5 promulgated thereunder (17 C.F.R. §240.10b‑5) on behalf of all persons other than Defendants who purchased or otherwise acquired XPLR common units between September 27, 2023 and January 27, 2025, inclusive (the 'Class Period'), and were damaged thereby (the 'Class'). The Class Action filed by Scott+Scott is captioned: James Alvrus v. XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP, et al., Case No. 3:25-cv-01755. LEAD PLAINTIFF DEADLINE ON SEPTEMBER 8, 2025 XPLR acquires, owns, and manages contracted clean energy projects in the United States, including a portfolio of contracted wind and solar power projects, as well as a natural gas pipeline. The Class Action alleges that, during the Class Period, Defendants made misleading statements and omissions regarding the Company's business, financial condition, and prospects. Specifically, Defendants failed to warn investors that: (i) XPLR was struggling to maintain its operations as a yieldco (i.e., a business that owns and operates fully-built and operational power generating projects, focused on delivering large cash distributions to investors); (ii) Defendants temporarily relieved this issue by entering into certain financing arrangements while downplaying the attendant risks; (iii) XPLR could not resolve those financings before their maturity date without risking significant unitholder dilution; (iv) as a result, Defendants planned to halt cash distributions to investors and instead redirect those funds to, inter alia, resolve those financings; (v) as a result of all the foregoing, XPLR's yieldco business model and distribution growth rate was unsustainable; and (vi) as a result, Defendants' public statements were materially false and misleading at all relevant times. The market began to learn the truth on January 28, 2025, when XPLR shocked investors by announcing that it would suspend entirely cash distributions to common unitholders and essentially abandon its yieldco model. Specifically, XPLR issued a press release announcing a 'strategic respositioning' and stating that it was 'moving from a business model that focused almost entirely on raising new capital to acquire assets while distributing substantially all of its excess cash flows to unitholders to a model in which XPLR Infrastructure utilizes retained operating cash flows to fund attractive investments.' In addition, XPLR announced that it had appointed a new CEO and CFO. On this news, the price of XPLR's common units fell from a closing price of $15.80 per unit on January 27, 2025 to a closing price of $10.49 per unit on January 29, 2025—a decline of $5.31 per unit, or nearly 35%, trading on unusually high volume. LEAD PLAINTIFF DEADLINE ON SEPTEMBER 8, 2025 If you purchased or acquired XPLR common units during the Class Period and were damaged thereby, you are a member of the 'Class' and may be able to seek appointment as lead plaintiff. If you wish to apply to be lead plaintiff, a motion on your behalf must be filed with the U.S. District Court for the Southern District of California no later than September 8, 2025. The lead plaintiff is a court-appointed representative for absent class members of the Class. You do not need to seek appointment as lead plaintiff to share in any Class recovery in the Class Action. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member. If you wish to apply to be lead plaintiff, please contact attorney Nicholas Bruno at (888) 398-9312 or at nbruno@ What Can You Do? You may contact an attorney to discuss your rights regarding the appointment of lead plaintiff or your interest in the Class Action. You may retain counsel of your choice to represent you in the Class Action. About Scott+Scott Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoing, including securities law and shareholder violations. With more than 100 attorneys in eight offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been repeatedly recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States. To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit
Associated Press
14-03-2025
- Business
- Associated Press
XPLR Infrastructure LP (f/ka/ NextEra Energy Partners, LP) Stockholders: Robbins LLP Reminds XIFR Shareholders of the Pending Class Action Lawsuit
SAN DIEGO, March 14, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired XPLR Infrastructure LP (NYSE: XIFR) securities between January 26, 2021 and January 27, 2025. XPLR acquires, owns, and manages contracted clean energy projects in the U.S., including a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The Company changed its name from 'NextEra Energy Partners, LP' to 'XPLR Infrastructure, LP' in January 2025. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that XPLR Infrastructure, LP (XIFR) Misled Investors Regarding its Yieldco Business Model According to the complaint, during the class period, defendants failed to disclose to investors that: (i) XPLR was struggling to maintain its operations as a yieldco; (ii) defendants temporarily relieved this issue by entering into CEPF arrangements while downplaying the attendant risks; (iii) XPLR could not buy out CEPFs before their maturity date without risking significant unitholder dilution; (iv) as a result, defendants planned to halt cash distributions to investors and instead redirect those funds to, inter alia, buy out the Company's CEPFs; and (v) as a result of all the foregoing, XPLR's yieldco business model and distribution growth rate was unsustainable. The truth slowly began to reveal itself beginning on April 25, 2023. With each disclosure, the price of XPLR's stock declined. The complaint alleges that on January 28, 2025, XPLR announced it was abandoning its yieldco business and indefinitely suspending its cash distribution to unitholders, stating it would redirect those funds to execute on several priorities, the first of which was to buy out its remaining CEPF obligations. The Company also revealed it had appointed a new CEO. Following these disclosures, XPLR's unit price fell $3.97 per unit, or 25.13%, to close at $11.83 per unit on January 28, 2025. XPLR's unit price continued to fall an additional $1.39 per unit, or 11.75%, over the following two consecutive trading sessions, to close at $10.44 per unit on January 30, 2025. What Now: You may be eligible to participate in the class action against XPLR Infrastructure, LP. Shareholders who want to serve as lead plaintiff for the class must file their papers with the court by May 9, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against XPLR Infrastructure, LP or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome.
Yahoo
28-01-2025
- Business
- Yahoo
XPLR Infrastructure shares tank on distribution suspension
By Tanay Dhumal (Reuters) - XPLR Infrastructure said on Tuesday it will suspend its distribution to unitholders for an indefinite period, sending the company's shares down 30%. The move comes as XPLR looks to reinvest most of its cash flow to fund its renewable energy investments. Earlier it was focused on raising capital to acquire assets and distributing most of its excess cash flows to shareholders. "The changes we are announcing today are intended to eliminate the need to issue equity," said Chairman John Ketchum. XPLR is a limited partnership, in which U.S. utility NextEra Energy has a majority holding, and works to acquire, manage and own contracted energy projects. XPLR also plans to use cash on hand to buy out three of its five convertible equity portfolio financings (CEPF), which refers to a portfolio of loans that can be converted to equity. It plans to sell the assets of the other two to fund their buyout. "We are encouraged by the amount of detail and disclosure provided in the update around the company's CEPF obligations and liquidity position, though we expect the (distribution) suspension to result in a shakeout of the investor base," analysts said in note. The company plans to invest about $945 million in 2025, $150 million in 2026 and $465 million in 2027 for the CEPF buyout, without issuing new equity. Juno Beach, Florida-based XPLR, which was renamed from NextEra Energy Partners last week, named Alan Liu, a NextEra executive, as CEO of the firm. Separately, NextEra Energy, reaffirmed its long-term financial expectations and added that its funding plan from 2024-2027 remains unchanged. Sign in to access your portfolio
Reuters
28-01-2025
- Business
- Reuters
NextEra Energy's XPLR Infrastructure shares tank on dividend suspension
Jan 28 (Reuters) - XPLR Infrastructure (NEP.N), opens new tab, a unit of utility firm NextEra Energy (NEE.N), opens new tab, said on Tuesday it will suspend its dividend for an indefinite period, sending the company's shares down 23% in premarket trade. The move comes as XPLR looks to reinvest most of its cash flow to fund its renewable energy investments. Earlier it was focused on raising capital to acquire assets and distributing most of its excess cash flows to shareholders. "The changes we are announcing today are intended to eliminate the need to issue equity," said Chairman John Ketchum. XPLR, which was renamed from NextEra Energy Partners last week, named Alan Liu, a NextEra executive, as CEO of the firm. Separately, NextEra Energy reaffirmed its long-term financial expectations and added that its funding plan from 2024-2027 remains unchanged. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
