XIFR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that XPLR Infrastructure, LP Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

NEW YORK, March 14, 2025 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP ("XPLR" or the "Company") (NYSE: XIFR) and certain of its officers. XPLR acquires, owns, and manages contracted clean energy projects in the United States, including a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The Company also owns contracted natural gas pipeline assets. The Company changed its name from "NextEra Energy Partners, LP" to "XPLR Infrastructure, LP" in January 2025.

Class Definition

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired XPLR securities between January 26, 2021 and January 27, 2025, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/xifr.

Case Details

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) XPLR was struggling to maintain its operations as a yieldco; (2) Defendants temporarily relieved this issue by entering into CEPF arrangements while downplaying the attendant risks; (3) XPLR could not buy out CEPFs before their maturity date without risking significant unitholder dilution; (4) 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; (5) as a result of all the foregoing, XPLR's yieldco business model and distribution growth rate was unsustainable; and (6) as a result, Defendants' public statements were materially false and misleading at all relevant times.

What's Next?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/xifr. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in XPLR you have until May 9, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

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Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

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SOURCE Bronstein, Gewirtz & Grossman, LLC