Oppenheimer analyst Colin Rusch raised the firm’s price target on NextEra Energy Partners to $94 from $88 and keeps an Outperform rating on the shares. The firm notes the company reported Q4 results below consensus estimates on lower year-over-year wind production and higher PTC allocations, while affirming run-rate 2023 expectations and extending its 12%-15% DPS CAGR target through 2026. With the platform managing cost of capital well, Oppenheimer views NextEra Energy Partners as well-positioned.
Published first on TheFly
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