Morgan Stanley analyst Robert Kad double upgraded NextEra Energy Partners to Overweight from Underweight with a $22 price target. While the recent U.S. election has raised uncertainty around federal clean energy policy, which is likely to serve as an overhang until Inflation Reduction Act revisions are clearer, Morgan Stanley sees limited impacts for the renewable infrastructure space, the analyst tells investors in a research note. The firm continues to believe the risk of wholesale repeal of the Inflation Reduction Act is very low, supported by the significant amount of clean energy investment being made in states with greater elected Republican representation and a bipartisan preference for policies that incentivize domestic manufacturing. The analyst sees an attractive entry point for NextEra Energy Partners in the recent selloff to position ahead of a potential near-term catalyst: resolution of its strategic review, perhaps as soon as December.