NextEra Energy Partners LP (NYSE: NEP) is -12.62% lower on its value in year-to-date trading and has touched a low of $61.31 and a high of $88.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEP stock was last observed hovering at around $74.29 in the last trading session, with the day’s loss setting it -0.54% off its average median price target of $86.00 for the next 12 months. It is also 27.7% off the consensus price target high of $102.00 offered by 19 analysts, but current levels are -22.92% lower than the price target low of $60.00 for the same period.
Currently trading at $73.75, the stock is 0.33% and 4.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.48 million and changing -0.73% at the moment leaves the stock -4.69% off its SMA200. NEP registered -2.33% loss for a year compared to 6-month loss of -5.39%. The firm has a 50-day simple moving average (SMA 50) of $11.40 and a 200-day simple moving average (SMA200) of $18.01.
The stock witnessed a 5.55% gain in the last 1 month and extending the period to 3 months gives it a -6.03%, and is -2.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.20% over the week and 3.07% over the month.
Current P/E ratio is 85.06 and Fwd P/E is 35.65. Profit margin for the company is 7.80%. Distance from 52-week low is 20.29% and -16.95% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).
NextEra Energy Partners LP (NEP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NextEra Energy Partners LP (NEP) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.30, where 5 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
NextEra Energy Partners LP is expected to release its quarterly report on 10/25/2022.The EPS is expected to grow by 320.10% this year.
NextEra Energy Partners LP (NEP) Top Institutional Holders
The shares outstanding are 83.90M, and float is at 82.95M with Short Float at 4.08%.
NextEra Energy Partners LP (NEP) Insider Activity
A total of 17 insider transactions have happened at NextEra Energy Partners LP (NEP) in the last six months, with sales accounting for 7 and purchases happening 10 times.
NextEra Energy Partners LP (NEP): Who are the competitors?
The company’s main competitors (and peers) include Ormat Technologies Inc. (ORA) that is 12.75% higher over the past 12 months.