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Class action lawsuits

XPLR Infrastructure Faces Securities Class Action Lawsuit

Strategic Insights

— 2 min read

The law firm Scott+Scott Attorneys at Law LLP has filed a securities class action lawsuit against XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP, and certain of its former and current officers and/or directors, alleging that they made misleading statements and omissions regarding the company's business, financial condition, and prospects during the class period. The lawsuit asserts claims under the Securities Exchange Act of 1934 and the U.S. Securities and Exchange Commission Rule 10b-5. 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.

Key Takeaways:

  • The lawsuit claims that XPLR's yieldco business model and distribution growth rate were unsustainable, and that the company's public statements were materially false and misleading during the class period.
  • Defendants allegedly failed to warn investors about the company's struggles to maintain its operations, including the need to temporarily relieve the issue through financing arrangements while downplaying the attendant risks.
  • The lawsuit also alleges that XPLR was unable to resolve these financings before their maturity date without risking significant unitholder dilution, which would result in the company halting cash distributions to investors.
  • The class period began on September 27, 2023, and ended on January 27, 2025.
  • On January 28, 2025, XPLR announced that it would suspend entirely cash distributions to common unitholders and essentially abandon its yieldco model.
  • 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.

Statistics:

  • The class period began on September 27, 2023, and ended on January 27, 2025.
  • The price of XPLR's common units fell by 35% on January 29, 2025.
  • The lawsuit was filed by Scott+Scott Attorneys at Law LLP on July 14, 2025.
  • The deadline to apply to be lead plaintiff is September 8, 2025.
  • The company has a portfolio of contracted wind and solar power projects, as well as a natural gas pipeline.

Sources:

  • 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, 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).
  • The lawsuit is captioned: James Alvrus v. XPLR Infrastructure, LP f/k/a Nextera Energy Partners, LP, et al., Case No. 3:25-cv-01755.
  • CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS POTENTIAL CLASS ACTION
  • XPLR acquires, owns, and manages contracted clean energy projects in the United States.

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