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.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that this expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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