XPLR Infrastructure, LP (NYSE:NEP) is currently under investigation by Levi & Korsinsky for potential federal securities law violations. This scrutiny follows NEP's financial report for Q4 and the full year 2024, which revealed a revenue of $294 million, missing consensus estimates by nearly $57 million. The company also reported an earnings per share (EPS) of -$1.08, far below the expected $0.85.
The current stock price of NEP is $10.54, with a change of $0.10, or approximately 0.96%. The stock has fluctuated between a low of $10.11 and a high of $10.87 today. Over the past year, NEP's stock has seen a high of $35.15 and a low of $9.22, indicating significant volatility.
NEP's market capitalization is approximately $986 million, reflecting the company's overall value in the stock market. The trading volume on the NYSE is 4,563,371 shares, showing active investor interest. The appointment of Alan Liu as the new CEO may influence future company performance and investor confidence.
Levi & Korsinsky, known for securing substantial settlements for shareholders, is investigating NEP's financial discrepancies. The firm's reputation as a top securities litigation firm in the U.S. underscores the seriousness of the investigation. Investors will be closely monitoring the outcome and its impact on NEP's stock performance.
