NextEra Energy Partners LP (NYSE: NEP) has reported E.P.S. of $-0.43 for its third fiscal quarter (ending September 30) versus $0.22 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $-1.61 versus $0.30 for the same period a year ago.
Recent Price Action
NextEra Energy Partners LP (NYSE: NEP) stock closed at $21.01 on 10/23/24 after a major decline of -16.3%. Moreover, trading volume in this decline was exceptionally high at 812% of normal. The stock has declined -18.0% during the last week and has been 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 (High 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 91 but a poor Power Rating of 29, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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