As previously reported, KeyBanc analyst Sophie Karp downgraded NextEra Energy Partners to Sector Weight from Overweight. The analyst cited "impending equity dilution in an unfavorable financial landscape" as the reason for the downgrade, adding that the upcoming conversions would create a "medium-term overhang in the higher capital cost environment."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NEP:
- NextEra Energy Partners, LP first-quarter 2023 financial results available on partnership’s website
- NextEra Energy first-quarter 2023 financial results available on company’s website
- NextEra Energy Partners reports Q1 EPS (17c), consensus 39c
- NextEra Energy Partners assumed with Overweight from Neutral at JPMorgan
- NextEra Energy Partners price target lowered to $72 from $83 at KeyBanc
