Why NextEra Energy Partners Stock is Struggling

Nextera Energy Partners ( (NEP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

NextEra Energy Partners’ stock has faced pressure due to analysts’ concerns over high interest rates affecting renewable stocks. BMO Capital downgraded the stock, anticipating a significant 65% cut in its distribution to achieve self-funding, coupled with reliance on debt for short-term growth. Other analysts have also lowered their price targets, reflecting worries about NEP’s cost of capital and growth prospects, leading to a cautious market outlook.

More about Nextera Energy Partners

YTD Price Performance: -0.66%

Average Trading Volume: 2,085,637

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.38B

For further insights into NEP stock on TipRanks’ Stock Analysis page.

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