RBC Capital downgraded NextEra Energy Partners to Sector Perform from Outperform with a price target of $30, down from $38. With insufficient growth from wind repowerings and about $3.7B CEPF liabilities post-2026, the firm believes the model will not be able to sustain long-term dividend growth of 5%-8% and that the company will need to evaluate a dividend cut, the analyst tells investors.
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