With Shares Down Nearly 70%, I'm Piling Into this Ultra-High-Yield Dividend Stock
NextEra Energy Partners has multiple upside catalysts.NextEra Energy Partners (NEP 1.18%) has gotten the wind knocked out of its sails in recent years. The renewable energy stock has crashed nearly 70% from its peak in early 2022, pushing its dividend yield up to around 13%. A big factor driving the decline has been rising interest rates. I've been steadily adding to my position in the high-yielding renewable energy stock, including recently buying more shares at a nearly 70% discount to the peak price. Her ...