- At the end of March, the U.S. Department of Commerce announced it was opening an investigation into anti-dumping circumvention related to solar cells from Southeast Asia.
- Solar and renewable energy stocks have fallen between 10% and 20% on the back of the announcement, outpacing the S&P 500's 8.5% decline.
- NextEra Energy Partners has been hit particularly hard, down over 20% since the announcement. We’ve been buying shares below $70.
- The stock now yields 4.5% and management has reiterated its confidence that the distribution can grow 12% to 15% for at least the next 2.5 years.
For further details see:
NextEra Energy Partners Is A Buy; Don't Worry About The Tariff Investigations