NextEra Energy Partners indicated to open $30.50-$31.00 on 1M shares NextEra Energy Partners (NEP) priced 16.25M shares at $25.00. BofA/Merrill, Goldman and Morgan Stanley acted as joint book running managers for the offering. NextEra Energy Partners is a wholly owned subsidiary of NextEra Energy (NEE).
NextEra Energy acquisition likely mildly dilutive, says RBC Capital After NextEra (NEE) agreed to buy Hawaiian Electric (HE), RBC Capital thinks the acquisition will be mildly dilutive. In order to justify the deal. NextEra would have to reduce operating and fuel costs while increasing the rate base, RBC believes. The firm thinks there is a possibility that regulators could push for concessions from NextEra which would cause it to walk away form the deal. The firm keeps a $112 price target and Outperform rating on NextEra.