NextEra Energy Partners, LP Common Units representing limited partner interests (NEP): Price and Financial Metrics


NextEra Energy Partners, LP Common Units representing limited partner interests (NEP): $74.20

-0.10 (-0.13%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: MLPs - Other


Ranked

of 12

in industry

NEP POWR Grades


  • NEP scores best on the Quality dimension, with a Quality rank ahead of 77.19% of US stocks.
  • NEP's strongest trending metric is Momentum; it's been moving down over the last 31 weeks.
  • NEP ranks lowest in Momentum; there it ranks in the 13th percentile.

NEP Stock Summary

  • Of note is the ratio of Nextera Energy Partners Lp's sales and general administrative expense to its total operating expenses; only 0.46% of US stocks have a lower such ratio.
  • For NEP, its debt to operating expenses ratio is greater than that reported by 93.85% of US equities we're observing.
  • Over the past twelve months, NEP has reported earnings growth of -122.19%, putting it ahead of just 16.56% of US stocks in our set.
  • If you're looking for stocks that are quantitatively similar to Nextera Energy Partners Lp, a group of peers worth examining would be CEPU, SID, TCI, ARL, and PBF.
  • NEP's SEC filings can be seen here. And to visit Nextera Energy Partners Lp's official web site, go to www.investor.nexteraenergypartners.com.

NEP Valuation Summary

  • In comparison to the median Utilities stock, NEP's price/sales ratio is 122.22% higher, now standing at 6.
  • NEP's price/sales ratio has moved up 2.3 over the prior 86 months.
  • NEP's price/sales ratio has moved up 2.3 over the prior 86 months.

Below are key valuation metrics over time for NEP.

Stock Date P/S P/B P/E EV/EBIT
NEP 2020-05-12 3.6 1.6 -10.9 7.1
NEP 2017-11-03 2.8 1.2 30.5 26.3
NEP 2017-03-20 2.5 1.0 22.0 18.3
NEP 2016-05-20 2.2 0.9 84.8 22.0
NEP 2016-04-21 1.8 0.9 84.3 27.8
NEP 2015-09-03 2.0 1.0 74.0 23.5

NEP Stock Price Chart Interactive Chart >

Price chart for NEP

NEP Price/Volume Stats

Current price $74.20 52-week high $88.29
Prev. close $74.30 52-week low $54.33
Day low $73.25 Volume 300,724
Day high $75.29 Avg. volume 649,044
50-day MA $72.46 Dividend yield 3.43%
200-day MA $71.47 Market Cap 5.63B

NextEra Energy Partners, LP Common Units representing limited partner interests (NEP) Company Bio


NextEra Energy Partners LP acquires, owns, and operates contracted clean energy projects. It owns interests in wind and solar projects in North America. The company was founded in 2014 and is based in Juno Beach, Florida.

NEP Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$74.20$96.75 41%

Below please find a table outlining a discounted cash flow forecast for NEP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Nextera Energy Partners Lp ranked in the 62th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for NEP, they are:

  • Nextera Energy Partners Lp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
  • Nextera Energy Partners Lp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 0.31. This coverage rate is greater than that of only 24.62% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • The weighted average cost of capital for the company is 12. This value is greater than 84.32% stocks in the Utilities sector that generate free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%38%
1%39%
2%41%
3%42%
4%43%
5%45%

AY, SPH, CWEN, GWRS, and CWCO can be thought of as valuation peers to NEP, in the sense that they are in the Utilities sector and have a similar price forecast based on DCF valuation.


NEP Latest News Stream


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Latest NEP News From Around the Web

Below are the latest news stories about Nextera Energy Partners Lp that investors may wish to consider to help them evaluate NEP as an investment opportunity.

This Renewable-Energy Dividend Stock Continues Growing at a Supercharged Rate

NextEra Energy Partners (NYSE: NEP) recently reported solid second-quarter results. While the renewable-energy company faced some headwinds during the quarter from weaker wind and solar resources, it continued making progress on its strategic growth plan. NextEra Energy Partners' adjusted EBITDA rose by $1 million to $350 million in the second quarter as weaker wind and solar resources offset most of the benefit of new investments.

Yahoo | July 25, 2021

NextEra Energy Just Reported Its Second-Quarter Earnings. Do They Make It a Buy?

NextEra Energy (NYSE: NEE) is out with its second-quarter results. "NextEra Energy delivered strong second-quarter results," stated CEO James Robo in the earnings press release. One of the highlights during the quarter was the completion of 373 megawatts (MW) of new solar energy projects, including the FPL Discovery Solar Energy Center at the Kennedy Space Center.

Yahoo | July 24, 2021

NextEra Energy Partners (NEP) Q2 2021 Earnings Call Transcript

NEP earnings call for the period ending June 30, 2021.

Yahoo | July 23, 2021

NextEra Energy, inc (NEE) Q2 2021 Earnings Call Transcript

Good morning, everyone, and thank you for joining our second quarter 2021 combined earnings conference call for NextEra Energy and NextEra Energy Partners. With me this morning are Jim Robo, Chairman and Chief Executive Officer of NextEra Energy; Rebecca Kujawa, Executive Vice President and Chief Financial Officer of NextEra Energy; John Ketchum, President and Chief Executive Officer of NextEra Energy Resources; and Mark Hickson, Executive Vice President of NextEra Energy, all of whom are also officers of NextEra Energy Partners; as well as Eric Silagy, President and Chief Executive Officer of Florida Power & Light Company.

Yahoo | July 23, 2021

NextEra (NEE) Q2 Earnings Beat, Revenues Miss Estimates

NextEra Energy's (NEE) second-quarter earnings are better than expected. The company continues to add new customers and benefit from the same.

Yahoo | July 23, 2021

Read More 'NEP' Stories Here

NEP Price Returns

1-mo 1.97%
3-mo 0.66%
6-mo -1.75%
1-year 28.17%
3-year 77.59%
5-year 190.38%
YTD 12.46%
2020 32.40%
2019 27.53%
2018 3.74%
2017 75.99%
2016 -10.35%

NEP Dividends

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Continue Researching NEP

Want to see what other sources are saying about NextEra Energy Partners LP's financials and stock price? Try the links below:

NextEra Energy Partners LP (NEP) Stock Price | Nasdaq
NextEra Energy Partners LP (NEP) Stock Quote, History and News - Yahoo Finance
NextEra Energy Partners LP (NEP) Stock Price and Basic Information | MarketWatch

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