UPDATE: Oppenheimer Starts NextEra Energy Partners (NEP) at Outperform

September 8, 2016 6:57 AM EDT
Get Alerts NEP Hot Sheet
Price: $28.45 +0.92%

Rating Summary:
    12 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
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(Updated - September 8, 2016 9:50 AM EDT)

Oppenheimer initiated coverage on NextEra Energy Partners (NYSE: NEP) with an Outperform rating and a price target of $34. Analyst Colin Rusch sponsor and pipeline strength support growth and capital advantage.

"We initiate coverage of NextEra Energy Partners LP (NEP) with an Outperform rating and a 12- to 18-month price target of $34, based on our dividend discount model. We see NEP as having best-in-class right of first offer (ROFO) projects and pipeline of potential assets with a strong, financially sophisticated sponsor; low beta; and an inexpensive public currency which we believe bodes well for consistent accretive growt," said Rusch.

For an analyst ratings summary and ratings history on NextEra Energy Partners click here. For more ratings news on NextEra Energy Partners click here.

Shares of NextEra Energy Partners closed at $30.75 yesterday.

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