Brookfield Renewable Partners Vs. NextEra Energy Partners: Which Is Better For Dividend Investors?
Summary
- NextEra Energy Partners and Brookfield Renewable Partners have both experienced share price declines in the renewable energy sector.
- NEP faces substantial refinancing in the near term, which may negatively impact its earnings and cash flows.
- BEP is in a more favorable position with limited near-term maturities and a lower risk of substantial refinancing at higher rates.
- Nevertheless, NEP's low valuation makes the stock seem quite attractive and suggests that the risks have already been priced in.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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|---|---|---|
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