"Elite Dividend Stock Plummets 20% in a Week, Presents Unbeatable Bargain"
Shares of NextEra Energy have dropped over 20% in the past week due to its renewable energy subsidiary, NextEra Energy Partners, cutting its dividend growth rate. The company is facing challenges with surging interest rates impacting its cost of capital, making it expensive to use debt and equity funding for acquisitions. However, NextEra Energy has demonstrated alternative ways to recycle capital, such as selling assets and investing in higher-return organic growth projects. The recent sell-off has made the stock appear undervalued, with a lower valuation and higher dividend yield, making it an attractive option for investors seeking a dividend growth stock in the renewable energy sector.