XPLR Infrastructure shares tank on distribution suspension
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XPLR Infrastructure (NEP) PT Lowered to $13 at JPMorgan
January 29, 2025 2:02 PM ESTJPMorgan 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
NextEra Energy Partners (NEP) PT Lowered to $12 at Guggenheim
January 28, 2025 2:03 PM ESTGuggenheim analyst Shahriar Pourreza lowered the price target on NextEra Energy Partners (NYSE: NEP) to $12.00 (from $17.00) while maintaining a Neutral rating.
The analyst commented, "NEP, renamed XPLR Infrastructure, reported 4Q24 earnings results and announced a full strategic and financial revamp that was met with a steep decline in the stock (-30% vs. -1% for the S&P500). We caught up with mgmt. shortly after the call.... More
