NextEra Energy Partners LP (NYSE: NEP) is -5.72% lower on its value in year-to-date trading and has touched a low of $61.31 and a high of $88.23 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 $79.54 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $86.00 for the next 12 months. It is also 16.24% off the consensus price target high of $95.00 offered by 18 analysts, but current levels are -13.67% lower than the price target low of $70.00 for the same period.
Currently trading at $79.57, the stock is 4.06% and 5.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing 0.04% at the moment leaves the stock 4.66% off its SMA200. NEP registered -8.50% loss for a year compared to 6-month gain of 15.35%.
The stock witnessed a 7.73% loss in the last 1 month and extending the period to 3 months gives it a -6.30%, and is 1.17% up 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 2.16% over the week and 2.44% over the month.
Current P/E ratio is 15.50 and Fwd P/E is 31.31. Profit margin for the company is 36.80%. Distance from 52-week low is 29.78% and -9.82% 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”. 18 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”. 11 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 01/27/2023.The EPS is expected to grow by 320.10% this year
NextEra Energy Partners LP (NEP) Top Institutional Holders
The shares outstanding are 85.10M, and float is at 79.02M with Short Float at 5.10%.
NextEra Energy Partners LP (NEP) Insider Activity
A total of 0 insider transactions have happened at NextEra Energy Partners LP (NEP) in the last six months, with sales accounting for 0 and purchases happening 0 times.
NextEra Energy Partners LP (NEP): Who are the competitors?
The company’s main competitors (and peers) include Ormat Technologies Inc. (ORA) that is 11.33% higher over the past 12 months.