NextEra Energy Partners LP representing limited partner interests (NYSE:NEP) traded at a new 52-week high today of $86.41. So far today approximately 321,000 shares have been exchanged, as compared to an average 30-day volume of 877,000 shares.
NextEra Energy Partners LP representing limited partner interests has overhead space with shares priced $84.63, or 7.7% below the average consensus analyst price target of $91.73.
NextEra Energy Partners LP is formed to acquire, manage and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry technology and are in regions that are favorable for generating energy from the wind and sun. Its natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and commercial and industrial customers in the Houston area. Renewable energy sales generate maximum revenue for the company.
In the past 52 weeks, shares of NextEra Energy Partners LP representing limited partner interests have traded between a low of $29.01 and a high of $86.41 and is now at $84.63, which is 192% above that low price.
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