NextEra Energy Partners, LP (NEP)
NYSE: NEP · IEX Real-Time Price · USD
34.00
+0.40 (1.19%)
At close: May 16, 2024, 4:00 PM
33.91
-0.09 (-0.26%)
Pre-market: May 17, 2024, 4:28 AM EDT
NEP Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for NEP stock have an average target of 37.23, with a low estimate of 15.5 and a high estimate of 73. The average target predicts an increase of 9.50% from the current stock price of 34.00.
Analyst Consensus: Hold
* Price targets were last updated on Apr 10, 2024.
Analyst Ratings
The average analyst rating for NEP stock from 16 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 6 | 5 | 6 | 6 | 5 | 4 |
| Hold | 8 | 9 | 9 | 9 | 10 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 17 | 17 | 18 | 18 | 18 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Apr 24, 2024 |
| Barclays | Barclays | Hold Initiates $32 | Hold | Initiates | $32 | -5.88% | Apr 10, 2024 |
| Raymond James | Raymond James | Buy Maintains $50 → $45 | Buy | Maintains | $50 → $45 | +32.35% | Apr 3, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $43 | Buy | Initiates | $43 | +26.47% | Feb 13, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $24 → $26 | Hold | Maintains | $24 → $26 | -23.53% | Jan 26, 2024 |
Financial Forecast
Revenue This Year
1.42B
from 1.08B
Increased by 31.91%
Revenue Next Year
1.49B
from 1.42B
Increased by 5.06%
EPS This Year
1.06
from 2.18
Decreased by -51.21%
EPS Next Year
1.18
from 1.06
Increased by 11.15%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.9B | 2.0B | 2.0B | 2.1B | 2.1B |
| Avg | 1.4B | 1.5B | 1.6B | 1.6B | 1.7B |
| Low | 1.2B | 1.3B | 1.3B | 1.3B | 1.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 80.3% | 42.1% | 37.1% | 29.0% | 28.0% |
| Avg | 31.9% | 5.1% | 7.6% | 2.1% | 1.8% |
| Low | 10.3% | -10.9% | -12.8% | -18.2% | -16.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.49 | 2.65 | 2.33 | 2.55 | 2.17 |
| Avg | 1.06 | 1.18 | 0.87 | 1.90 | 1.77 |
| Low | -1.17 | -1.03 | -1.63 | 1.42 | 1.40 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.2% | 148.8% | 97.2% | 194.2% | 14.5% |
| Avg | -51.2% | 11.2% | -26.7% | 119.0% | -6.9% |
| Low | - | - | - | 63.9% | -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.