Why NextEra Energy Partners Stock Crashed 17% Today

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."

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Source Fool.com