Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why NextEra Energy Partners Stock Crashed 17% Today

TheMotleyFool

0 0

Shares of NextEra Energy Partners (NYSE: NEP) stock collapsed in Wednesday morning trading, down 17.1% as of 12:02 p.m. ET after the operator of wind, solar, and battery storage renewable energy projects issued a press release revising its growth expectations for the next few years.

The problem: By "revising," they meant "reducing."

In order "to continue to deliver long-term value for unitholders," management said it was reducing growth expectations for limited partner distributions (dividends, in other words) to a range of from 5% to 8%, with a target of about 6%, through "at least 2026."

Source Fool.com

Like: 0

NEP

Share