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Zacks Investment Research disclosed Nextera Energy Partners LP (NYSE:NEP), boosting its price target to $39.00 earlier today

Just yesterday Nextera Energy Partners LP (NYSE:NEP) traded 0.27% higher at $35.11. Nextera Energy Partners LP’s 50-day moving average is $39.99 and its 200-day moving average is $35.71. The last stock price is down 15.83% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 41,420 shares of NEP traded hands, down from an average trading volume of 206,905

Indicating a possible upside of 0.11%, Zacks Investment Research raised the target price of Nextera Energy Partners LP (NYSE:NEP) to $39.00

Recent Performance Chart

Nextera Energy Partners LP (NYSE:NEP)

Nextera Energy Partners LP has 52 week low of $23.90 and a 52 week high of $43.40 with a PE ratio of 22.78 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokerages have issued a research note on the company. The average stock price target is $34.63 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Nextera Energy Partners LP (NYSE:NEP)

Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. The Company's primary business objective is to invest in contracted clean energy projects. As of December 31, 2016, the Company's project portfolio of clean, contracted renewable energy assets (initial portfolio) included approximately 989 megawatts (MW) of wind and solar energy generating facilities located in the United States and Canada. As of December 31, 2016, the Company's portfolio included Genesis, Northern Colorado, Tuscola Bay, Elk City, Perrin Ranch, Bluewater, Moore, Sombra, Shafter, Palo Duro, Stateline, Mammoth Plains, Jericho, Cedar Bluff Wind and Golden Hills Wind.

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