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Unfavorable math and a big asset sale make its dividend look unsustainable.
In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down why NextEra Energy (NEE 1.59%) subsidiary NextEra Energy Partners (XIFR 4.22%) may have to cut its payout and why Clearway Energy (CWEN 0.67%) (CWEN.A 0.89%) and Allette (ALE 0.84%) look like better high-yield stocks to buy now.
*Stock prices used were from the afternoon of March 27, 2024. The video was published on March 31, 2024.
Jason Hall is a contributing Motley Fool stock market analyst with more than a decade of experience writing about dividend stocks and long-term investing. He has been with the company since 2012 and previously spent over 10 years in technical sales in the printing and information services industry. Jason also founded and operated a small food manufacturing business.
Jason Hall has positions in Clearway Energy and NextEra Energy Partners. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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