Summary
All You Need to Know About NextEra Energy Partners (NEP) Rating Upgrade to Strong Buy
NextEra Energy Partners (NEP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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In a Surprising Move, This Beaten-Down Energy Stock Is Suspending What Once Was a Monster Dividend
XPLR Infrastructure (NEP -11.33%), formerly NextEra Energy Partners, had been an impressive dividend stock. The clean energy infrastructure operator had grown its payout rapidly since its formation over a decade ago.
XPLR Infrastructure, LP Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | John W. Ketchum CEO | NYSE Exchange | 65341B106 CUSIP |
| US Country | - Employees | 6 Nov 2024 Last Dividend | - Last Split | 27 Jun 2014 IPO Date |
Overview
NextEra Energy Partners, LP is a forward-looking enterprise focusing on the acquisition, ownership, and management of clean energy projects throughout the United States. Established in 2014 and headquartered in Juno Beach, Florida, the company emphasizes a sustainable future by investing in renewable energy sources. With a significant portfolio of contracted renewable generation assets, NextEra Energy Partners, LP is at the forefront of the clean energy transition, contributing to the reduction of carbon emissions through its focus on wind, solar, and battery storage projects. Additionally, the company extends its sustainability efforts into natural gas pipeline assets, balancing its commitment to green energy with the practical needs of current energy infrastructure. Through its strategic acquisitions and effective management, NextEra Energy Partners, LP aims to provide reliable clean energy solutions while fostering environmental stewardship and offering competitive returns to its stakeholders.
Products and Services
- Wind Projects: Ownership and operation of wind power generation facilities. These assets harness wind energy to produce electricity, contributing to the company’s renewable energy portfolio and supporting the transition to cleaner energy sources.
- Solar Projects: Engagement in solar energy through the ownership and management of solar power generation assets. These projects capture sunlight and convert it into electricity, playing a pivotal role in NextEra Energy Partners, LP's efforts to provide sustainable and clean electricity.
- Battery Storage Projects: Investment in battery storage technology which allows for the storage of energy produced from renewable sources for use when production is low or demand is high. This enhances the reliability and efficiency of renewable energy by mitigating intermittency and ensuring a steady supply of clean energy.
- Natural Gas Pipeline Assets: In addition to renewable assets, the company owns contracted natural gas pipeline assets, contributing to the energy infrastructure with an emphasis on security and reliability. These assets provide a transition solution, supporting the energy needs of today while working towards a more sustainable tomorrow.
Contact Information
