NEP Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for NEP stock have an average target of 33.34, with a low estimate of 15.5 and a high estimate of 58. The average target predicts an increase of 31.78% from the current stock price of 25.30.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$15.5	$33.34	$33	$58
Change	-38.74%	+31.78%	+30.43%	+129.25%

Analyst Ratings

The average analyst rating for NEP stock from 17 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	2	2	2	2	1	1
Buy	6	6	5	3	3	3
Hold	9	9	10	9	9	10
Sell	0	0	0	1	2	2
Strong Sell	1	1	1	1	1	1
Total	18	18	18	16	16	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shelby Tucker RBC Capital	RBC Capital	Buy → Hold Downgrades $38 → $30	Buy → Hold	Downgrades	$38 → $30	+18.58%	Jul 1, 2024
Betty Jiang Barclays	Barclays	Hold → Sell Downgrades $32 → $25	Hold → Sell	Downgrades	$32 → $25	-1.19%	Jun 13, 2024
Anthony Crowdell Mizuho	Mizuho	Strong Buy → Hold Downgrades $33	Strong Buy → Hold	Downgrades	$33	+30.43%	Jun 12, 2024
Mark Strouse JP Morgan	JP Morgan	Hold → Sell Downgrades $25	Hold → Sell	Downgrades	$25	-1.19%	May 23, 2024
Noah Kaye Oppenheimer	Oppenheimer	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Apr 24, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.31B

from 1.08B

21.61%

from 1.08B

Revenue Next Year

1.41B

from 1.31B

7.48%

from 1.31B

EPS This Year

2.36

from 2.18

8.19%

from 2.18

EPS Next Year

1.58

from 2.36

-33.20%

from 2.36

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	855.00M	917.00M	722.00M	969.00M	1.08B	1.31B	1.41B	1.45B	1.64B	1.67B
Revenue Growth	10.89%	7.25%	-21.26%	34.21%	11.25%	21.61%	7.48%	2.98%	13.09%	1.83%
EPS	-1.51	-0.81	1.77	5.62	2.18	2.36	1.58	0.91	1.90	1.77
EPS Growth	-	-	-	217.51%	-61.21%	8.19%	-33.20%	-42.14%	108.31%	-6.91%
Forward PE	-	-	-	-	-	10.73	16.06	27.76	13.32	14.31
No. Analysts	-	-	-	-	-	14	14	12	4	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.5B	1.8B	1.9B	2.1B	2.1B
Avg	1.3B	1.4B	1.5B	1.6B	1.7B
Low	1.2B	1.2B	1.2B	1.3B	1.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	43.3%	35.8%	31.4%	43.0%	28.0%
Avg	21.6%	7.5%	3.0%	13.1%	1.8%
Low	6.9%	-9.5%	-15.0%	-9.3%	-16.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.15	4.02	3.82	2.55	2.17
Avg	2.36	1.58	0.91	1.90	1.77
Low	0.94	-1.71	-2.88	1.42	1.40

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	90.3%	70.5%	142.6%	179.9%	14.5%
Avg	8.2%	-33.2%	-42.1%	108.3%	-6.9%
Low	-57.1%	-	-	55.9%	-26.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.