XPLR Infrastructure has eliminated its distribution to address heavy debt and equity obligations. Find out why I am now upgrading NEP from a sell to a buy.

XPLR Infrastructure , a unit of utility firm NextEra Energy, said on Tuesday it will suspend its dividend for an indefinite period, sending the company's shares down 23% in premarket trade. The move comes as XPLR looks to reinvest most of its cash flow to fund its renewable energy investments.