Stock Rating Upgrade
During the last several trading days 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 increased 1.7% on 3/8/24. The shares closed at $29.35. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months but has risen 6.8% during the last week.
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 VT Rating improved in recent days from D previously. 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 89 but a very low Power Rating of 5, leading to the Low Neutral Value Trend Rating.
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