Why NextEra Energy Partners Plunged Today
Shares of NextEra Energy Partners (NYSE: NEP) fell on Monday, down 8.7% in today's trading.
The master limited partnership (MLP) focused on buying and holding renewable energy projects from parent utility NextEra Energy (NYSE: NEE) was down after a Wall Street analyst downgraded the stock and lowered his price target.
Why? A potential cut to the company's 13.8% dividend could be in the cards.
Source Fool.com