NextEra Energy Partners (NEP) Shares Fall Despite Market Gains: Important Facts to Note

In the last trading session, NextEra Energy Partners (NEP) closed at $31.20, marking a move of -1.39% from the previous day. That change capped the S&P 500’s daily gain of 0.85%. Meanwhile, the Dow fell 0.09%, and the tech-dominated Nasdaq rose 1.53%.

The clean energy projects limited partnership has fallen 5.3% in the past month, dwarfed by the Oils-Energy sector’s 4.55% loss and the S&P 500’s 3.11% gain.

NextEra Energy Partners’ upcoming earnings release will be of great interest to investors. The company’s future EPS is projected at $0.58, which represents a 9.43% year-over-year growth. At the same time, our latest consensus estimate calls for revenue of $389.24 million, reflecting an increase of 11.21% from the equivalent quarter last year.

For the full fiscal year, Zacks Consensus Estimates forecast earnings of $1.89 per share and revenue of $1.34 billion, indicating changes of +455.88% and +7.26%, respectively, from the previous.

Investors should also note any recent analyst estimate adjustments for NextEra Energy Partners. These reviews usually reflect the latest short-term business trends, which can change frequently. As a result, optimistic changes in estimates indicate a favorable analyst view of the health and profitability of the company’s business.

Our research suggests that these changes in valuations have a direct correlation with future stock price performance. To take advantage of this, we have created Zacks Rank, a unique model that incorporates these estimated changes and provides a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has an outstanding, externally audited track record of success, with the #1 stock delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS Estimate has risen 22.64% above . NextEra Energy Partners is currently a Zacks Rank #3 (Hold).

Looking at its valuation, NextEra Energy Partners carries a forward P/E ratio of 16.75. Its industry has an average forward P/E of 25.09, so it can be concluded that NextEra Energy Partners is trading at a relatively low discount.

Alternative Energy – Another industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 92, placing it in the top 37% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our particular industry groups by determining the average Zacks Rank of the individual stocks that make up the groups. Our research shows that industries rated in the top 50% outperform the bottom half by a factor of 2 to 1.

Be sure to use to stay up-to-date with all of these stock change metrics, among others, in the upcoming trading sessions.

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