Is NextEra Energy Partners stock worth buying?

If you’re looking for income-producing stocks, NextEra Energy Partners (NYSE:NEP) and a dividend yield of 11% is a tempting choice. A renewable energy company provides insight into future growth, but that can be a disadvantage when expectations suddenly change, as happened last September.

The company is feeling the effects of higher interest rates and has taken actions to strengthen its financial situation. With shares down 45% from their 52-week high, NextEra Energy Partners represents an intriguing opportunity for patient investors today.

NextEra Energy Partners is a limited partnership formed by the parent company, The energy of the next era (NYSE:NEE)in 2014. NextEra Energy is one of the world’s largest producers of wind and solar energy and formed a limited partnership (MLP) in the form of NextEra Energy Partners to provide investors with the opportunity to invest directly in renewable energy sources.

Source: Fool.com