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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NEP: