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Equities research analysts at Goldman Sachs began coverage on shares of Nextera Energy Partners (NYSE:NEP) in a research note issued to investors on Tuesday, reports. The firm set a “neutral” rating and a $35.00 price target on the stock. Goldman Sachs’ price target indicates a potential downside of 2.78% from the stock’s previous close.

Shares of Nextera Energy Partners (NYSE:NEP) traded up 4.29% on Tuesday, hitting $36.00. 779,979 shares of the company’s stock traded hands. Nextera Energy Partners has a 52 week low of $31.32 and a 52 week high of $36.90. The stock’s 50-day moving average is $34.62 and its 200-day moving average is $34.62. The company has a market cap of $585.0 million and a P/E ratio of 52.07.

Nextera Energy Partners, LP owns, operates and acquires contracted clean energy projects with stable, long-term cash flows through its limited partner interest in NEE Operating LP.

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