Shares of NextEra Energy Partners rose after the company logged higher earnings and revenue in the fourth quarter.
The stock was up 8.5% at $29.09 in early trading. Shares are still trading lower than where they started the year.
The clean-energy management company, which is a limited partnership linked to NextEra Energy, had a fourth-quarter profit of $112 million, up from $35 million in the same quarter a year ago.
Earnings per share were $1.20, up from 40 cents last year and above analyst projections for 41 cents, according to FactSet.
The Juno Beach, Fla.-based company’s operating revenue was $232 million, up from $204 million in the year-ago quarter.