On 11/6/24, NextEra Energy Partners LP (NYSE: NEP) stock suffered a major decline of -10.4%, closing at $18.52. Moreover, trading volume in this decline was exceptionally high at 252% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.9% during the last week.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NextEra Energy Partners has a very high Appreciation Score of 95 but a poor Power Rating of 26, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this 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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