Raymond James analyst Pavel Molchanov downgraded Nextera Energy Partners (NYSE: NEP) to Hold today. The company’s shares closed on Tuesday at $47.18, close to its 52-week high of $48.75.
According to TipRanks.com, Molchanov is a 4-star analyst with an average return of 6.4% and a 58.3% success rate. Molchanov covers the Basic Materials sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, YPF Sociedad Anonima, and Chevron Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nextera Energy Partners with a $46 average price target.
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The company has a one-year high of $48.75 and a one-year low of $36.37. Currently, Nextera Energy Partners has an average volume of 210.5K.
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NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.
