(MENAFN- PR Newswire)
NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of XPLR Infrastructure, LP (f/k/a NextEra energy Partners, LP) ("XPLR" or the "Company") (NYSE: NER ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether XPLR and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On January 28, 2025, XPLR issued a press release reporting its financial results for the fourth quarter and full year 2024. Among other items, XPLR reported revenue of $294 million, missing consensus estimates by $56.95 million, as well as earnings per share of -$1.08, compared to consensus estimates of $0.85. XPLR also announced the appointment of Alan Liu as the Company's new Chief Executive Officer.
On this news, XPLR's stock price fell sharply during intraday trading on January 28, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See .
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
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