Oppenheimer analyst Noah Kaye downgraded NextEra Energy Partners to Perform from Outperform without a price target. The company cut its dividend growth outlook through 2026 and lowered fiscal 2023 run-rate expectations while stating it would not need new growth equity until 2027, the analyst tells investors in a research note. The firm continues to see large future growth opportunities for the platform, but believe NextEra Energy needs to execute on accretive growth, key divestitures and a 2024 debt refinancing.
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