Credit Suisse Maintains NextEra Energy Partners’ Outperform Rating: Here’s What You Need to Know
Credit Suisse has decided to maintain the outperformance rating of NextEra Energy Partners CIP and lower its price target from $78.00 to $74.00.
Shares of NextEra Energy Partners are trading up 2.4% in the past 24 hours, at $69.67 per share.
A move to $74.00 would represent a 6.22% increase over 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.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.