NextEra Energy Partners initiated with an Equal Weight at Barclays

Barclays initiated coverage of NextEra Energy Partners with an Equal Weight rating and $32 price target. NextEra Energy is a leading renewable YieldCo and one of the largest owners of renewable assets in the U.S., the analyst tells investors in a research note. The firm says that while the company has many long-term advantages, its near-term outlook as challenged, mainly due to an elevated cost of capital and funding needs that have not yet been addressed.