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Why This NextEra Energy Analyst Is No Longer Bullish

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NextEra Energy Partners LP (NYSE:NEP) shares tanked in early trading on Monday.

The company has a “challenging road ahead,” with “insufficient growth from wind repowering and the looming ~$3.7B CEPF liabilities post-2026,” according to RBC Capital Markets.

The NextEra Energy Partners Analyst: Shelby Tucker downgraded the rating for NextEra Energy Partners from Outperform to Sector Perform, while reducing the price target from $38 to $30.

The NextEra Energy Partners Thesis: The suite of solutions offered by the company is insufficient for it to maintain a healthy …

Full story available on Benzinga.com

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