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Is NextEra Energy Partners Going to $33? 1 Wall Street Analyst Thinks So.

TheMotleyFool

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Is NextEra Energy Partners Going to $33? 1 Wall Street Analyst Thinks So.: https://g.foolcdn.com/editorial/images/758009/renewable-wind-and-solar-at-sunset.jpg

It wasn't long ago that the stock of NextEra Energy Partners (NYSE: NEP) was trading near $50 per share. Shares then tumbled in late September after the partnership slashed its expectations for the growth rate of distributions to shareholders.

Now Mizuho analyst Anthony Crowdell thinks shares have plunged too far. This week, Crowdell cut his firm's price target from $40 to $33, but reiterated a buy rating. That's because that still represents more than 20% upside for the shares.

Source Fool.com