Upgraded To Outperform: Analyst On How NextEra Energy Partners Is Poised To Defy Capital Market Challenges
Portfolio Pulse from Lekha Gupta
Raymond James analyst Pavel Molchanov has upgraded NextEra Energy Partners LP (NEP) to Outperform from Market Perform, with a price target of $60. The analyst is bullish on NEP's blue-chip status and favorable cost of capital. He also believes that NEP's consolidation into parent company NextEra Energy Inc (NEE) could boost its share price.
August 29, 2023 | 5:51 pm
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POSITIVE IMPACT
NextEra Energy Inc (NEE) could see a boost in its share price due to the potential consolidation of NextEra Energy Partners (NEP) into the company.
The potential consolidation of NEP into parent company NEE could boost NEE's share price. This is a positive signal for NEE.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NextEra Energy Partners (NEP) has been upgraded to Outperform by Raymond James, with a price target of $60. The analyst is bullish on NEP's blue-chip status and favorable cost of capital.
The upgrade by Raymond James is a positive signal for NEP. The analyst's bullish stance on NEP's blue-chip status and favorable cost of capital, as well as the potential consolidation into parent company NEE, could boost NEP's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100