2024-03-17 15:00:00 ET
Summary
- We doubled down on NEP near its lows and were handsomely rewarded.
- However, the risk factors for NEP continue to increase.
- We discuss why we sold NEP and where we reinvested some of the proceeds.
I originally bought NextEra Energy Partners ( NEP ) a bit too soon (last year on the dip before the big drop in late September). However, while several prominent authors on Seeking Alpha were calling it a Sell and/or urging investors to scramble for the exits, I doubled down in the low $20s and explained my thesis for why in my deep-dive article that you can read here . That courage of conviction paid off, with the stock returning ~45% since then, more than double the total return of the S&P 500 over that period and helping to regain the losses I suffered on the original drop in the stock price....
Read the full article on Seeking Alpha
For further details see:
Why I Recently Sold 12.2%-Yielding NextEra Energy Partners Stock