BRENF - NextEra Energy Partners: Bet On Renewables With This High-Potential YieldCo
- Renewables have delivered solid performance this year as investors pursue them over traditional fossil fuels in today's environment.
- NEP operates as a partnership that purchases renewable projects that have long-term PPAs in place with creditworthy customers, providing a consistent source of cash flow.
- The company has substantial growth potential of 12%-15% annually over the next four years.
- The solid fundamentals of renewable energy should provide the company with even more potential over the long-term.
- The partnership is very well-financed and has substantial coverage of its distribution.
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NextEra Energy Partners: Bet On Renewables With This High-Potential YieldCo