XPLR Infrastructure LP, formerly NextEra Energy Partners, is facing a class-action lawsuit filed by Robbins LLP on behalf of investors who purchased its securities between January 26, 2021, and January 27, 2025. According to the lawsuit, XPLR misled investors about its yieldco model while relying on CEPF arrangements and downplaying risks. The complaint states that XPLR halted cash distributions and redirected funds to buy out CEPF obligations, making the model unsustainable. Recently, 2025, XPLR announced a business strategy shift, suspended cash distributions, and appointed a new CEO. Following these disclosures, its unit price fell 25.13% to $11.83 and declined another 11.75% to $10.44 by January 30, 2025. Investors must file lead plaintiff motions by May 9, 2025.
XPLR Infrastructure faces lawsuit over yieldco model and stock decline
A class-action lawsuit alleges XPLR Infrastructure misled investors about its yieldco model, with Robbins LLP filing claims over halted distributions and stock declines.
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