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....
Read the full article on Seeking Alpha
For further details see:
NextEra Energy Partners: Atlantica Sustainable Buyout Shows Big Downside Lies Ahead