Oppenheimer Assigned a Buy Rating to Nextera Energy Partners

By Ryan Adsit

In a report released yesterday, Colin Rusch from Oppenheimer assigned a Buy rating to Nextera Energy Partners (NYSE: NEP), with a price target of $34. The company’s shares closed yesterday at $27.35.

According to TipRanks.com, Rusch is a 4-star analyst with an average return of 7.0% and a 45.1% success rate. Rusch covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, SolarEdge Technologies, and Ultra Clean Holdings.

Nextera Energy Partners has an analyst consensus of Moderate Buy, with a price target consensus of $34.

The company has a one year high of $32.42 and a one year low of $22.25. Currently, Nextera Energy Partners has an average volume of 425.5K.

NextEra Energy Partners LP acquires, manages and owns 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.