NEP Shares Tumbling On Analyst Downgrade: What's Going On?
Portfolio Pulse from Lekha Gupta
NextEra Energy Partners LP (NEP) shares have fallen over 15% following several analyst downgrades after the company revised its limited partner distribution per unit growth rate. NEP now expects a growth rate of 5% to 8% annually through at least 2026. Analysts from Oppenheimer, Raymond James, and JP Morgan have downgraded the stock and lowered their price targets. NEP views the event as a reaction to the current capital markets environment.
September 28, 2023 | 6:09 pm
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NextEra Energy Partners LP (NEP) shares have fallen over 15% following several analyst downgrades after the company revised its limited partner distribution per unit growth rate.
The stock price of NEP has fallen due to several analyst downgrades following the company's revision of its limited partner distribution per unit growth rate. This indicates a negative sentiment towards the stock, which is likely to put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100