NEP:NYE-NextEra Energy Partners LP representing limited partner interests (USD)

EQUITY | Utilities - Renewable | New York Stock Exchange

Last Closing

USD 28.93

Change

0.00 (0.00)%

Market Cap

USD 1.41B

Volume

1.36M

Analyst Target

USD 63.25
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

NextEra Energy Partners LP is a limited partnership formed to acquire, manage and own contracted clean energy projects with stable long-term cash flows.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-04-27 )

Largest Industry Peers for Utilities - Renewable

Symbol Name Price(Change) Market Cap
BEP Brookfield Renewable Partners ..

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USD 18.12B
EBR-B Centrais Elétricas Brasileira..

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USD 18.03B
EBR Centrais Electricas Brasileira..

-0.06 (-0.82%)

USD 16.55B
BEPC Brookfield Renewable Corp

+0.64 (+2.08%)

USD 5.52B
AQN Algonquin Power & Utilities Co..

-0.19 (-2.81%)

USD 4.66B
CWEN-A Clearway Energy Inc

+0.60 (+2.45%)

USD 4.55B
CWEN Clearway Energy Inc Class C

+0.57 (+2.15%)

USD 4.48B
ORA Ormat Technologies Inc

+1.36 (+1.97%)

USD 4.14B
AMPS Altus Power Inc

-0.11 (-2.42%)

USD 0.73B
ETG Eaton Vance Tax Advantaged Glo..

+0.02 (+0.11%)

USD 0.57B

ETFs Containing NEP

BKGI 4.92 % 0.00 %

N/A

N/A
YLCO 0.00 % 0.65 %

N/A

N/A
LOPP Gabelli ETFs Trust - Gabe.. 0.00 % 0.00 %

+0.07 (+0%)

USD 0.01B
RNRG Global X Renewable Energy.. 0.00 % 0.00 %

+0.04 (+0%)

USD 0.04B
DXET:CA Dynamic Active Energy Evo.. 0.00 % 0.00 %

+0.98 (+0%)

CAD 2.16M

Market Performance

  Market Performance vs. Industry/Classification (Utilities - Renewable) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -4.87% 73% C 24% F
Dividend Return 2.89% 80% B- 89% A-
Total Return -1.97% 67% D+ 30% F
Trailing 12 Months  
Capital Gain -49.70% 7% C- 4% F
Dividend Return 5.99% 75% C 77% C+
Total Return -43.71% 7% C- 5% F
Trailing 5 Years  
Capital Gain -37.14% 22% F 16% F
Dividend Return 29.57% 63% D 85% B
Total Return -7.56% 22% F 23% F
Average Annual (5 Year Horizon)  
Capital Gain -0.17% 47% F 39% F
Dividend Return 4.03% 53% F 47% F
Total Return 4.19% 58% F 75% C
Risk Return Profile  
Volatility (Standard Deviation) 34.58% 20% F 31% F
Risk Adjusted Return 11.64% 47% F 36% F
Market Capitalization 1.41B 38% F 67% D+

Key Financial Ratios

  Ratio vs. Industry/Classification (Utilities - Renewable) Ratio vs. Market (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 3.30 23% 7%
Price/Book Ratio 0.72 92% 87%
Price / Cash Flow Ratio 3.47 67% 69%
Price/Free Cash Flow Ratio 11.13 38% 37%
Management Effectiveness  
Return on Equity -1.61% 20% 26%
Return on Invested Capital -0.04% 14% 25%
Return on Assets -0.07% 13% 22%
Debt to Equity Ratio 138.44% 91% 24%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector

Low Dividend Growth

This stock has shown below median dividend growth in the previous 5 years compared to its sector.