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Changing energy sector strategy. | 10% short, 90% long. | Equal weight within short and long positions. |Long leg: 16 largest renewable energy companies by market cap tradeable in LON, Nasdaq or NYSE and Stockfuse per 02.11.2020 market cap.| #8
This stock has a high ESG rating and it is within clean energy industry. Based on technical analysis (e.g. moving average), we believe that the price will increase, thus the long position.
NextEra Energy Partners has outperformed the industry and is gaining investor interest with high expected future growth. Currently one of the biggest and most stable companies when it comes to renewable energy. Fits our strategy well and stock seems reasonably priced at the moment. Even if the high-yield stock underperforms their ambitious target, it figures to treat our long-term investment strategy well.