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: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. NextEra Energy Partners has a very high Appreciation Score of 90 but a neutral Power Rating of 44, with the Positive Value Trend Rating the result.
Recent Price Action
On 7/25/24, NextEra Energy Partners LP (NYSE: NEP) stock suffered a large decline of -5.6%, closing at $25.93. Moreover, trading volume in this decline was exceptionally high at 265% of normal. Relative to the market the stock has been strong over the last nine months but has declined -6.2% during the last week.
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