Nextera Energy Partners slumps on trimming growth outlook

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** Shares of Nextera Energy Partners NEP.N, a limited partnership formed by NextEra Energy NEE.N, down 16.7% at $39.06

** Co now expects limited partner distribution per unit growth rate between 5% and 8% per year through at least 2026 vs its previous growth forecast between 12% and 15%

** "Tighter monetary policy and higher interest rates obviously affect the financing needed to grow distributions at 12%," says CEO John Ketchum

** Co also lowers year-end run-rate expectations for adjusted EBITDA to the range of $1.8 bln to $2.1 bln vsprevious estimate of between $2.22 bln and $2.42 bln

** Including session's move, stock down 44.2%YTD

Reporting by Sourasis Bose and Tanay Dhumal in Bengaluru


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