Why NextEra Energy Partners, Lumen Technologies, and Tellurian All Plunged Today

Shares of NextEra Energy Partners (NYSE: NEP), Lumen Technologies (NYSE: LUMN), and (NYSEMKT: TELL) all plunged today, down 5.7%, 5.1%, and 9.5%, respectively, as of 2:25 p.m. ET.

At first glance, these companies don't appear to have much in common. NextEra is a yield-oriented entity that buys and holds renewable energy projects. Lumen Technologies is a broadband wireline company. And Tellurian is an aspiring liquefied natural gas export company.

However, all three have one thing in common: high levels of debt, or the need to raise more capital in the near future. Unfortunately, today's inflation report is making refinancing or raising new capital much more difficult.

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Source Fool.com