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.
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 |
Metrics to compare | NEP | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipNEPPeersSector | |
---|---|---|---|---|
P/E Ratio | −11.1x | 17.0x | 11.8x | |
PEG Ratio | −0.18 | 0.13 | 0.02 | |
Price/Book | 0.5x | 1.6x | 1.3x | |
Price / LTM Sales | 1.4x | 2.3x | 1.6x | |
Upside (Analyst Target) | 39.1% | 28.6% | 16.4% | |
Fair Value Upside | Unlock | 4.3% | 1.0% | Unlock |