Why NextEra Energy Partners Stock Has Plunged 59% Since September

NextEra Energy Partners (NYSE: NEP) stock plunged 40.5% in September, according to data provided by S&P Global Market Intelligence. The stock has continued its decline so far this month, and NextEra Energy Partners shares are now down a whopping 59% since September, as of this writing. Until August, NextEra Energy Partners was confident of growing its dividend payout by 12% to 15% through at least 2026, driven primarily by potential acquisitions from its parent company, NextEra Energy, and third parties.