Shares of NextEra Energy (NYSE: NEE) and subsidiary NextEra Energy Partners (NYSE: NEP) have fallen sharply, dragging down shares of Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), and Atlantica Sustainable Infrastructure (NASDAQ: AY), too. PepsiCo (NASDAQ: PEP), Coca-Cola (NYSE: KO), Target Corp (NYSE: TGT), and Kroger (NYSE: KR) are also down double digits. In this video, Motley Fool contributor Jason Hall explains what's happening and how investors can adapt.
*Stock prices used were from the morning of Oct. 3, 2023. The video was published on Oct. 4, 2023.
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Jason Hall has positions in Atlantica Sustainable Infrastructure Plc, Brookfield Renewable, Brookfield Renewable Partners, Clearway Energy, and NextEra Energy Partners. The Motley Fool has positions in and recommends Brookfield Renewable, NextEra Energy, and Target. The Motley Fool recommends Brookfield Renewable Partners and Kroger and recommends the following options: long January 2024 $47.50 calls on Coca-Cola. 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.
