Jump to content
Sign in to follow this  
dydo

NextEra Energy Partners, LP (NEP)

Recommended Posts

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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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?. 

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
1 hour ago, heliostat said:

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

sounds like a refinancing

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.



×