Shares of utility NextEra Energy are heading for their largest one-day drop since the start of the pandemic as worries about higher interest rates continue to batter clean-energy stocks.
NextEra’s recent slide started last week after its publicly traded renewable-energy subsidiary NextEra Energy Partners LP revised down its annual growth expectations through 2026, citing higher borrowing costs that are making it more challenging to fund projects.
The stock has tumbled in recent days and was recently down 11%, on pace for it biggest one-day drop since March 2020, when the coronavirus pandemic began shutting down the U.S. economy.
Source: finance.yahoo.com
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