NextEra Energy Partners shares are trading lower after the company announced it is revising its limited partner distribution per unit growth rate to 5% to 8% per year through at least 2026.
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy Partners has announced a revision in its limited partner distribution per unit growth rate to 5% to 8% per year through at least 2026. This news has led to a decrease in the company's share price.
September 27, 2023 | 12:28 pm
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NEGATIVE IMPACT
NextEra Energy Partners' announcement of a revised growth rate has led to a decrease in its share price.
NextEra Energy Partners' announcement of a revised growth rate is a significant piece of news for the company. This change in growth rate could potentially impact the company's future earnings, which is likely why the share price has decreased. Investors may be concerned about the company's future profitability, leading to a sell-off of shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100