Thursday, November 21, 2024

HomeStock MarketNextEra Partners 'not a primary beneficiary of rising power demand,' JPM says...

NextEra Partners ‘not a primary beneficiary of rising power demand,’ JPM says in cut

Solar power plant

yangphoto/E+ via Getty Images

NextEra Energy Partners (NYSE:NEP) -7.7% in Thursday’s trading after J.P. Morgan downgraded units to Underweight from Neutral with a $25 price target, noting its sharp rally during the past month alongside parent NextEra Energy (NEE).

JPM’s Mark Strouse says he does not


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