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Why NextEra Energy Partners Stock Jumped 18% This Week

TheMotleyFool

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Why NextEra Energy Partners Stock Jumped 18% This Week: https://g.foolcdn.com/editorial/images/732349/money-rain-dividend-payments-receiving-cash.jpg

When NextEra Energy Partners (NYSE: NEP) stock tumbled in end-April, it was a head-scratcher. The company had just reported strong numbers, but it missed the consensus estimates, and that appeared to be the only reason why the stock fell.

I believed NextEra stock was a solid buy after the drop. The big announcement from the company this week, which sent the stock skyrocketing, has only confirmed my views. As of 1 p.m. ET Friday, shares of NextEra Energy Partners had popped 18.3% at their highest point during the week, according to data provided by S&P Global Market Intelligence.

On May 8, NextEra Energy Partners announced a strategic business move to unlock greater value for shareholders.

Source Fool.com

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