NEP Faces 30% Drop As XPLR Infrastructure Suspends Dividend

(RTTNews) - NextEra Energy Partners, LP (NEP) saw its stock price plunge by 29.62 percent, during Tuesday morning trading after XPLR Infrastructure, a unit of NEP, announced it would suspend its dividend indefinitely.

The stock is down $4.68, now trading at $11.12, with price fluctuations between $10.69 and $12.65 today on the New York Stock Exchange.

The stock's 52-week range is $10.69 to $35.15, close to its yearly low. Trading volume has surged to over 10 million shares, much higher than the usual 2 million, indicating increased investor activity.

This sharp decline is a setback for investors who had relied on NEP's dividend payouts.