B of A Securities Maintains an Underperforming Rating for NextEra Energy Partners: Here’s What You Need to Know
B of A Securities has decided to maintain its Underperform rating from NextEra Energy Partners CIP and increase its price target from $60.00 to $70.00.
Shares of NextEra Energy Partners are trading down 0.61% in the past 24 hours, at $84.46 per share.
A move to $70.00 would represent a 17.12% decline from the current stock price.
About NextEra Energy Partners
NextEra Energy Partners LP is formed to acquire, manage and own contracted clean energy projects. It has interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. Renewable energy projects are fully contracted out, use industry technology, and are in regions favorable to generating power from wind and solar. Its natural gas pipelines in the portfolio are all strategically located, serving South Texas power producers and municipalities, Eagle Ford Shale processing plants and producers, as well as commercial and industrial customers in the region. of Houston. Renewable energy sales generate maximum revenue for the company.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.