Recent important negative changes in fundamentals have affected NextEra Energy Partners LP (NYSE: NEP): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in NextEra Energy Partners LP (NYSE: NEP) investment behavior have recently occurred: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
NEP is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
NextEra Energy Partners has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. NextEra Energy Partners has a very high Appreciation Score of 88 but a very low Power Rating of 1, leading to the Low Neutral Value Trend Rating.
Recent Price Action
NextEra Energy Partners LP (NYSE: NEP) stock closed at $28.46 on 4/10/24 after a large decline of -6.2%. Moreover, trading volume in this decline was unusually high at 158% of normal. The stock has declined -2.5% during the last week and has been extremely weak relative to the market over the last nine months.
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