Meaningful negative changes in fundamentals have recently occurred for 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.
Significant negative changes in investment behavior have recently occurred for NextEra Energy Partners LP (NYSE: NEP): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of A. 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 A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. NextEra Energy Partners has a neutral Power Rating of 55 but a very high Appreciation Score of 90, with the Highest Value Trend Rating the result.
Recent Price Action
NextEra Energy Partners LP (NYSE: NEP) stock declined modestly by -1.0% on 7/5/24. The stock closed at $26.40. However, this decline was accompanied by below average trading volume at 78% of normal. The stock has declined -6.3% during the last week but has been strong relative to the market over the last nine months.
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