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Nextera Energy Partners LP (NEP)

NYSE
Currency in USD
18.12
+0.15(+0.83%)
Closed
After Hours
18.20+0.08(+0.44%)
NEP Scorecard
Full Analysis
Has raised its dividend for 11 consecutive years
High dividend Yield
Fair Value
Day's Range
17.5618.26
52 wk Range
15.5535.15
Key Statistics
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Prev. Close
17.97
Open
17.97
Day's Range
17.56-18.26
52 wk Range
15.55-35.15
Volume
1.02M
Average Volume (3m)
1.99M
1-Year Change
-32.41%
Book Value / Share
36.49
Fair Value
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Fair Value Upside
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NEP Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
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Price Target
23.27
Upside
+28.42%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
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Nextera Energy Partners LP Company Profile

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.

Nextera Energy Partners LP SWOT Analysis


Renewable Giant's Crossroads
NextEra Energy Partners faces critical financial challenges while maintaining its position as a leading renewable asset owner in the United States
Financial Tightrope
NEP reports strong Q2 2024 results, but grapples with $3.7 billion in CEPF liabilities due post-2026, raising concerns about long-term financial stability
Distribution Dilemma
Analysts project potential distribution cuts of 45-75% as NEP's current 13% yield suggests investor skepticism about sustainability of payouts
Clean Energy Potential
Despite near-term hurdles, NEP's extensive renewable portfolio positions it to capitalize on growing global demand for clean energy solutions
Read full SWOT analysis
NEP Full Pro Research
Institutional-Grade Stock Analysis
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Nextera Energy Partners LP Earnings Call Summary for Q4/2024

  • NextEra Energy reported 10% YoY increase in adjusted EPS; added 3GW to backlog, totaling 11GW over last four quarters
  • Framework agreements with Fortune 50 companies and Entergy could lead to 15GW of new renewable projects by 2030
  • FPL demonstrated grid resilience during hurricanes; NextEra Energy Partners raised quarterly distribution by 6%
  • Company anticipates 6x increase in power demand over 20 years; plans to double renewable portfolio to 81GW by 2027
  • NextEra Energy Partners projects adjusted EBITDA of $1.9-$2.1 billion by end of 2024; exploring options for financing obligations
Last Updated: 10/24/2024, 01:46 AM
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Compare NEP to Peers and Sector

Metrics to compare
NEP
Peers
Sector
Relationship
P/E Ratio
−11.1x17.0x11.8x
PEG Ratio
−0.180.130.02
Price/Book
0.5x1.6x1.3x
Price / LTM Sales
1.4x2.3x1.6x
Upside (Analyst Target)
39.1%28.6%16.4%
Fair Value Upside
Unlock4.3%1.0%Unlock

Analysts' Recommendations

4 Buy
12 Hold
3 Sell
Ratings:
15 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 23.27

(+28.40% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 2.17
Dividend Yield
20.42%
Industry Median 2.76%
Annualized payout
3.6700
Paid quarterly
5-Years Growth
+12.73%
Growth Streak

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FAQ

What Is the Nextera Energy Partners LP (NEP) Stock Price Today?

The Nextera Energy Partners LP stock price today is 18.12

What Stock Exchange Does Nextera Energy Partners LP Trade On?

Nextera Energy Partners LP is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Nextera Energy Partners LP?

The stock symbol for Nextera Energy Partners LP is "NEP."

Does Nextera Energy Partners LP Pay Dividends? What’s The Current Dividend Yield?

The Nextera Energy Partners LP dividend yield is 20.25%.

What Is the Nextera Energy Partners LP Market Cap?

As of today, Nextera Energy Partners LP market cap is 1.70B.

What is Nextera Energy Partners LP Earnings Per Share?

The Nextera Energy Partners LP EPS is 2.17.

What Is the Next Nextera Energy Partners LP Earnings Date?

Nextera Energy Partners LP will release its next earnings report on Jan 23, 2025.

From a Technical Analysis Perspective, Is NEP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.
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