2024-02-18 07:00:00 ET
Summary
- NEP stock crashed last September due to fears about its balance sheet and avalanche of upcoming financial obligations.
- Management thinks that they can not only sustain their 12.2% yield but also grow it at a 6% CAGR for the foreseeable future.
- We take a look to see if this is really feasible.
I last wrote about ( NEP ) back on October 6th, 2023, at a time when many were panic-selling the stock and other contributors were dancing on its grave. That said, I decided to stay the course with the stock and labeled it a speculative "Strong Buy". The article prompted a fierce debate in the comments section, leading to 316 comments on the article so far. Ultimately, that decision paid off, as since publishing that article NEP has returned a whopping 47%:
Read the full article on Seeking Alpha
For further details see:
NextEra Energy Partners: Pulling Off A 12.2% Yield With 6% Growth