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AY - NextEra Energy Partners: Atlantica Sustainable Buyout Shows Big Downside Lies Ahead
Atlantica Yield plc
2024-07-02 18:00:13 ET
Summary
We had earlier rated NEP as a Sell.
The stock has lagged the broader market despite a distribution hike.
We go over three reasons to continue to be bearish on the stock till it reaches around $19.00.
In our last update on NextEra Energy Partners, LP ( NEP ) we had a non-consensus view on the high-yielding renewable play. While the income chasers were once again enamored with the dividend, we saw the risks as clear as day....