Stock Rating Upgrade
In the last week the Value Trend Rating for NextEra Energy Partners LP (NYSE: NEP) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
NextEra Energy Partners LP (NYSE: NEP) stock closed at $30.91 on 5/3/24 after a large increase of 4.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 218% of normal. The stock has risen 5.9% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NEP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
NextEra Energy Partners has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NextEra Energy Partners has a very high Appreciation Score of 87 but a poor Power Rating of 17, resulting in the Neutral Value Trend Rating.
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