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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEP:
- NextEra Energy Partners price target lowered to $45 from $50 at Raymond James
- Clearway Energy price target raised to $25 from $23 at Morgan Stanley
- NextEra Energy Partners price target lowered to $15 from $15.50 at Seaport Research
- NextEra Energy Partners initiated with an Outperform at Evercore ISI