Nextera Energy Partners LP (NEP) is Upgraded by UBS to Buy, Price Target at $31

Nextera Energy Partners LP (NEP) was Upgraded by UBS to ” Buy” and the brokerage firm has set the Price Target at $31. Earlier the firm had a rating of “Neutral ” on the company shares. UBS advised their investors in a research report released on Oct 17, 2016.

Nextera Energy Partners LP opened for trading at $26.4 and hit $27.25 on the upside on Friday, eventually ending the session at $27.04, with a gain of 2.39% or 0.63 points. The heightened volatility saw the trading volume jump to 5,08,268 shares. Company has a market cap of $1,143 M.

In a different news, on Sep 14, 2015, Paul I Cutler (Treasurer & Asst. Sec of GP) purchased 12,000 shares at $26.00 per share price. According to the SEC, on Aug 31, 2015, Armando Jr Pimentel (President of GP) purchased 5,000 shares at $30.29 per share price.

Nextera Energy Partners LP is a limited partnership formed to acquire manage and own contracted clean energy projects. The Company through its limited partnership interest in NextEra Energy Operating Partners LP owns a portfolio of contracted renewable generation assets consisting of wind and solar projects. The Company’s projects portfolio consists of clean contracted renewable energy assets that include Northern Colorado is a wind project with a capacity of 174 megawatt; Elk City and Perrin Ranch are wind projects with a capacity of 99 megawatt; Moore and Sombra are solar projects with a capacity of 20 megawatt; Conestogo is a wind project with a capacity of 23 megawatt; Tuscola Bay is a wind project with a capacity of 120 megawatt; Summerhaven is a wind project with a capacity of 124 megawatt; Bluewater is a wind project with a capacity of 60 megawatt and Genesis is a solar project with a capacity of 250 megawatt.

Nextera Energy Partners LP

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