NextEra Energy Partners Shares Jump on Higher 4Q Revenue, Profit

NextEra Energy Partners Shares Jump on Higher 4Q Revenue, Profit

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.

Share:
error: Content is protected !!