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Nextera Energy Partners ( (NEP) ) has issued an announcement.
On January 27, 2025, Genesis Solar Funding, LLC, a subsidiary of XPLR Infrastructure, LP, entered into a second amendment with KKR Genesis TL Borrower LLC to extend buyout rights for Class B interests in Genesis Holdings until December 2034. This amendment is contingent on specific acquisition conditions being met and affects the allocation of cash flows depending on whether minimum buyouts are completed by set deadlines. Additionally, significant management changes took place at XPLR Infrastructure, including the resignation of key executives and the appointment of Alan Liu as CEO and Jessica Geoffroy as CFO, signaling a strategic repositioning of the company. The partnership also underwent a name change from NextEra Energy Partners, LP to XPLR Infrastructure, LP, effective January 23, 2025.
More about Nextera Energy Partners
YTD Price Performance: -13.09%
Average Trading Volume: 2,070,197
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.94B
Find detailed analytics on NEP stock on TipRanks’ Stock Analysis page.