Reported 12 months ago
Shares of NextEra Energy Partners (NEP) fell by 8.7% on Monday after a Wall Street analyst downgraded the stock and predicted a possible cut to the company's 13.8% dividend. RBC Capital analyst Shelby Tucker reduced his rating on NEP, citing challenges in growing earnings and upcoming obligations to pay off billions in looming convertible equity portfolio financing maturities. Tucker suggests a 50% dividend cut could be necessary to address these financial concerns, leading to the stock's decline.
Source: YAHOO