New York • Shares of NextEra Energy Partners LP are surging in their first day of trading as a public company.
The company priced its initial public offering of approximately 16.3 million common units at $25 per unit, the upper end of the projected range of $23 to $25 per unit.
The stock jumped $7.36, or 29.4 percent, to $32.36 in Friday trading on the New York Stock Exchange.
Based in Juno Beach, Fla., the company raised about $407.5 million in the offering. NextEra Energy Partners, which owns interests in North American wind and solar projects, is a subsidiary of NextEra Energy Inc.