NextEra sells hydro generating assets to Brookfield Renewable Energy unit NextEra Energy Resources announced that one of its subsidiaries has entered into an agreement to sell all of its equity interests in White Pine Hydro Investments, which indirectly owns 351 megawatts of hydro generation related assets in Maine and New Hampshire through FPL Energy Maine Hydro. The sale is based on an enterprise value of approximately $760M and includes the existing $700M of non-recourse project debt.
NextEra Energy Partners downgraded to Neutral from Buy at Goldman Goldman Sachs downgraded NextEra Energy Partners (NEP) to Neutral citing valuation following the recent outperformance of shares. Goldman raised its price target for shares to $45 from $43. It reiterates a Buy rating on NextEra Energy (NEE) and upped its price target for the name to $114 from $113.