Guggenheim analyst Shahriar Pourreza downgrades $NextEra Energy Partners LP (NEP.US)$ to a hold rating, and adjusts the target price from $40 to $22.
According to TipRanks data, the analyst has a success rate of 70.8% and a total average return of 9.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NextEra Energy Partners LP (NEP.US)$'s main analysts recently are as follows:
NextEra Energy Partners' third-quarter outcomes fell short of projections, mainly due to a weaker-than-expected wind resource. More crucially, the company has communicated its plans to offer an update by the latest at the fourth-quarter earnings call about its strategic evaluation of the long-term convertible equity portfolio financing obligations and cost of capital. An announcement regarding asset dropdowns, paired with a distribution reconfiguration, could serve as a stimulant for the stock and enhance growth prospects into fiscal 2026 and further.
Following Q3 earnings, it was confirmed that an update on NextEra Energy Partners' approach to capital allocation is expected by Q4, with strong indications of a possible near-term dividend reduction. The subsequent decline in stock value was attributed not directly to this news, but rather to speculations regarding the magnitude of the impending cut. An analyst perceives this adjustment as a strategic move to manage significant CEPF acquisitions and to align the dividend yield with that of industry counterparts.
Note:
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