NextEra Energy reaffirms previously announced long-term financial expectations

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XPLR Infrastructure (NEP) PT Lowered to $13 at JPMorgan

January 29, 2025 2:02 PM EST

JPMorgan analyst Mark Strouse lowered the price target on XPLR Infrastructure (NYSE: NEP) to $13.00 (from $20.00) while maintaining a Neutral rating.

The analyst comments "XPLR Infrastructure (formerly NextEra Energy Partners) provided its much anticipated strategic update in conjunction with 4Q results. The company is suspending its dividend indefinitely, aligning with our expectation, though significantly lower than... More