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NextEra Energy Partners LP (NEP)

NYSE: NEP · IEX Real-Time Price · USD
78.30 -0.21 (-0.27%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap6.00B
Revenue (ttm)951.00M
Net Income (ttm)248.00M
Shares Out75.89M
EPS (ttm)3.37
PE Ratio23.27
Forward PE37.74
Dividend$2.51 (3.21%)
Ex-Dividend DateAug 4, 2021
Volume221,250
Open78.20
Previous Close78.51
Day's Range77.71 - 78.57
52-Week Range55.76 - 86.16
Beta0.73
AnalystsBuy
Price Target84.75 (+8.2%)
Est. Earnings DateOct 21, 2021

About NEP

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. The company owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

IndustryIndependent Power and Renewable Electricity Producers
Founded2014
CEOJames Robo
CountryUnited States
Stock ExchangeNYSE
Ticker SymbolNEP
Full Company Profile

Financial Performance

In 2020, NEP's revenue was $917.00 million, an increase of 7.25% compared to the previous year's $855.00 million. Losses were -$50.00 million, -29.58% less than in 2019.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for NEP stock is "Buy." The 12-month stock price forecast is 84.75, which is an increase of 8.24% from the latest price.

Price Target
$84.75
(8.24% upside)
Analyst Consensus: Buy

News

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NextEra Energy and NextEra Energy Partners to meet with investors throughout September and October

JUNO BEACH, Fla., Sept. 8, 2021 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participate i...

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3 Renewable Energy Stocks to Consider Buying Right Now

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NextEra Energy Partners, LP completes acquisition of previously announced approximately 400-megawatt portfolio of lon...

JUNO BEACH, Fla., Aug. 25, 2021 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) announced that it has completed its previously announced acquisition of a 391-megawatt (MW) portfolio of four oper...

Other symbols:NEE
1 month ago - PRNewsWire

NextEra Energy and NextEra Energy Partners to meet with investors throughout August

JUNO BEACH, Fla., Aug. 10, 2021 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team will participate i...

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

Another acquisition gives it the power to keep expanding the dividend at a rapid rate.

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NextEra Energy Partners (NEP) Posts Q2 Loss, Misses on Revenues

Even though NextEra Energy Partners (NEP) reports second-quarter loss, its revenues meet the year-over-year number.

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2 months ago - Zacks Investment Research

NextEra Energy Partners (NEP) Reports Q2 Loss, Lags Revenue Estimates

NextEra Energy Partners (NEP) delivered earnings and revenue surprises of -244.78% and -22.87%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

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2 months ago - Zacks Investment Research

NextEra Energy Partners, LP second-quarter 2021 financial results available on partnership's website

JUNO BEACH, Fla., July 23, 2021 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) has posted its second-quarter 2021 financial results in a news release available on the partnership's website by a...

2 months ago - PRNewsWire

Is a Surprise Coming for NextEra Energy Partners (NEP) This Earnings Season?

NextEra Energy Partners (NEP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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What Awaits NextEra Energy Partners (NEP) in Q2 Earnings?

NextEra Energy Partners' (NEP) earnings are expected to have benefited from contribution from acquired assets, focus on the United States and reduction in financing cost through conversion of debts.

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2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for July 20th

HESM, NEP, IPG, and UE made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 20, 2021.

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NextEra Energy Partners (NEP) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

NextEra Energy Partners (NEP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for July 15th

CWEN, NEP, LCNB, and IP made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 15, 2021.

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NextEra Energy Partners, LP announces date for release of second-quarter 2021 financial results

JUNO BEACH, Fla., July 9, 2021 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report second-quarter 2021 financial results before the opening of the New York St...

2 months ago - PRNewsWire

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NextEra Energy Partners (NEP) to Gain From Organic Assets, Buyouts

NextEra Energy Partners (NEP), with its organic growth and selective acquisition, offers an excellent opportunity for investors in the alternate energy space.

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