A Fallen Renewable Energy Stock That Could Soar This Year

[Investing Insights Daily]( January 8th, 2024 SPONSOR [Bill Gates is betting big on this...]( Bill Gates was ahead of the curve on tech for decades. And now he says artificial intelligence is "as fundamental as the computer chip, the internet and the PC." This is why, ten years ago, I hired one of Bill Gates' former in-house experts, Jon Markman. Markman has dedicated his long career to developing algorithms for picking the best stocks. [See Jon's pick for the #1 AI Stock of 2024 and Beyond.]( [A Fallen Renewable Energy Stock That Could Soar This Year]( Renewable energy companies have been hit hard by the recent increases in interest rates. Many of these companies borrowed a lot of money to build out their energy projects, with debt at very low-interest rates. Higher interest rates put the business models at risk, as they are forced to refinance when the debt matures. But for one of them in particular, things are looking much better than the headlines would make you think. And it’s created a great income investing opportunity… In September of last year, the share price of NextEra Energy Partners ([NEP]( collapsed by more than 50% when the company announced a significant change to its dividend policy and expected future payments. Before that announcement, NEP had been one of the best dividend growth stocks. The company increased its dividend every quarter to achieve about 15% annual dividend growth. The NEP dividend had been growing at that rate for almost a decade.According to the NextEra Energy ([NEE]( December investor presentation, NEP is the world’s seventh-largest wind and solar power generator. NextEra Energy uses NextEra Energy Partners as a vehicle to monetize the renewable assets developed by its Energy Resources division. It is essential to understand that NextEra Energy has complete control over NEP. NextEra Energy is a large-cap ($126 billion) investment-grade utility with a long track record of superior results. Also, investors misinterpreted what the company did in September. At that time, NextEra announced that the dividend growth rate for NEP would be reduced from the 15% annual target to 5% to 8% per year. It seems investors jumped to… Continue reading at [INVESTORSALLEY.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2024 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019