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NextEra Energy Partners, LP (NEP)

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3 hours ago, sunnypease said:

https://www.pv-tech.org/news/sub-3-solar-in-arizona-marks-us-lowest-price-for-solar-pv-to-date

3 cents solar in arizona from NEP.  Can it earn dividend money & still grow with rates like that?

I think the sponsor and Resource are the builders and sellers in reverse. NEP does not have this asset. However, 100MW of solar will have added 100MW of wind. The PPA is for 2019.

One learning, profit loss analysis must include module prices not having tariffs, or already they are stock piled.

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NEP has turned into a great stock and I sold it at $34, recommended it at $30. 

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From the conference call as per PV-Tech

"Not surprisingly, NextEra Energy Partners management were asked by financial analysts as to the impact the latest ITC case would have on its PV pipeline. 

Management noted that PV module manufacturers did not want to give up on the US solar market and therefore would figure out ways to support the US market. Management also noted that any actions by module suppliers would of course take a little time to be implement but NextEra was not worried about the long-term implications of any ITC case.

The inference from NextEra management response is that PV module manufacturers such as JinkoSolar and Hanwha Q CELLS, both having been major module suppliers to NextEra would be considering the location of manufacturing operations in the US to circumvent any new import rulings that would raise module prices. "

https://www.pv-tech.org/news/nextera-energy-and-fpl-keep-adding-to-solar-project-pipeline-in-us-despite

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I wanted to thank you Robert as your articles on SA really introduced me to NEP which is now a key holding. Not as exciting in the short term as the panel makers - but after some previous experiences I'm OK with that :-)

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NextEra Eyes Renewable Assets as Rival Shifts Strategy

Executives at NextEra Energy Resources confirmed that they would consider bidding for renewable assets that are in the market, two weeks after one of the company’s main competitors, NRG Energy, announced that it was selling its entire renewables business.

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Any particular reason NEP is down 2% today?  I think the market starts to price in another rate rise.  Could this be it?

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Any particular reason NEP has been *screaming* up the past couple sessions?  

Up what.. 4% yesterday & 2% today.

Trump tax break?

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I'm wondering if there is positive news re NEP acquiring assets from NYLD or CAFD that is starting to leak? NYLD  allowing for ex-div timing holding up , will be interesting to see if starts to move in next few sessions.

The other aspect would be larger investors waking up to how good a stock this is.

I dont have access to parcel level trading data - does anyone know the scale of the individual purchases on those big up days - are big players involved?

Edited by heliostat
additional thought

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NextEra E Partners are getting a cash chest, $550M in preferred shares and $300M in convertible debt.  That could get $4B worth of projects.

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36 minutes ago, SCSolar said:

Do you recall any solar companies that have ever vested their convertible options?

I saw Trina use calls to hedge their convertible, I probably do not understand what you mean so please explain your question.

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Hi Robert, just wondering any thoughts on why the 2% drop yesterday? Delayed reaction to Irma?? Any news of big plant damage?  Or via concern for FPL component of  NEE?? good buying opportunity as I see it. News of prompt closure of $300m issue should be good news? Any ideas?. 

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4 hours ago, heliostat said:

Hi Robert, just wondering any thoughts on why the 2% drop yesterday? Delayed reaction to Irma?? Any news of big plant damage?  Or via concern for FPL component of  NEE?? good buying opportunity as I see it. News of prompt closure of $300m issue should be good news? Any ideas?. 

Not sure what can it be. I am not aware of big damages. I think it is a slow reaction to convertible discount. I share the view it is a buying opportunity

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1 hour ago, heliostat said:

Just saw another raising $1.1Billion from NEP - something big coming I wonder.

sounds like a refinancing

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You are right , sorry for getting carried away without reading it in more depth.

BTW One of the reasons I have not held NEE is their exposure to Florida climate change events /sea level etc (despite FPL appearing v positive  based on annual NEE reports) and the market sentiment as you have pointed out earlier linking  yieldco and yieldco parents .  This may be a bit esoteric at this point but a potential  longer term concern. That said tipping points of investor /public concern may occur unexpectedly (eg solar run up from ~2007 , before crash 2012).  I wonder if this connection to florida indirectly for NEP (real or imagined) will become less important for NEP over time as its scale grows?  If it dips I would see it as buying opportunity, same with SUNIVA . How do you see Suniva playing out for yieldcos currently?

Edited by heliostat
clarity

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