CIBC Keeps Their Hold Rating on Nextera Energy Partners (NEP)

In a report released today, Mark Jarvi from CIBC maintained a Hold rating on Nextera Energy Partners (NEP – Research Report), with a price target of $34.00. The company’s shares opened today at $28.96.

According to TipRanks, Jarvi is a 4-star analyst with an average return of 7.8% and a 63.28% success rate. Jarvi covers the Utilities sector, focusing on stocks such as TransAlta, Northland Power, and Emera.

In addition to CIBC, Nextera Energy Partners also received a Hold from Oppenheimer’s Noah Kaye in a report issued today. However, on April 19, RBC Capital maintained a Buy rating on Nextera Energy Partners (NYSE: NEP).

The company has a one-year high of $59.21 and a one-year low of $19.00. Currently, Nextera Energy Partners has an average volume of 1.36M.

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Nextera Energy Partners (NEP) Company Description:

NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.