Information Provided By:
Fly News Breaks for March 31, 2019
NEE, NEP
Mar 31, 2019 | 20:53 EDT
Goldman Sachs analyst Michael Lapides upgraded NextEra Energy Partners (NEP) to Buy from Neutral and raised his price target for the shares to $49 from $45. The analyst sees visibility into more than 10 years of double digit distribution growth for the company. He expects NextEra Energy (NEE) to maintain its U.S. renewable market share in an industry growing at an over 9% annually through 2030. And he expects NextEra Energy Partners to leverage its "favorable" balance sheet position to only require minimal equity through 2021 to finance drop-downs. NextEra Energy Partners appears positioned to continue growing distributions at the upper end of the 12%-15% guidance range beyond the next five years, Lapides tells investors in a research note. The analyst believes the company's reduced dividend growth risk and long-term visibility is not fully appreciated at current share levels.
News For NEP;NEE From the Last 2 Days
There are no results for your query NEP;NEE