Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for NextEra Energy Partners LP (NYSE: NEP) weakened recently. NEP’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/12/24, NextEra Energy Partners LP (NYSE: NEP) stock declined by -4.5%, closing at $27.55. Moreover, above average trading volume at 127% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -6.0% 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 D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NextEra Energy Partners has a good Appreciation Score of 81 but a very low Power Rating of 1, and the Negative Value Trend Rating results.
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