Media coverage about NextEra Energy Partners (NYSE:NEP) has been trending somewhat positive on Monday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NextEra Energy Partners earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the solar energy provider an impact score of 46.0578961231703 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
NextEra Energy Partners (NYSE:NEP) traded up $0.13 during trading hours on Monday, reaching $40.31. The company had a trading volume of 347,300 shares, compared to its average volume of 307,789. The stock has a market capitalization of $2,186.86, a price-to-earnings ratio of 29.21, a PEG ratio of 1.99 and a beta of 1.20. NextEra Energy Partners has a 52-week low of $26.97 and a 52-week high of $44.24. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.20 and a current ratio of 3.20.
NextEra Energy Partners (NYSE:NEP) last released its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.36). The company had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $243.16 million. NextEra Energy Partners had a net margin of 10.38% and a return on equity of 3.57%. equities analysts anticipate that NextEra Energy Partners will post 0.91 earnings per share for the current fiscal year.
A number of brokerages have issued reports on NEP. Guggenheim began coverage on NextEra Energy Partners in a research report on Tuesday, January 2nd. They set a “buy” rating and a $45.00 price target on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $39.00 price target on shares of NextEra Energy Partners in a report on Tuesday, October 10th. JPMorgan Chase & Co. cut their price target on NextEra Energy Partners from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Bank of America reaffirmed an “underperform” rating and issued a $35.00 price target on shares of NextEra Energy Partners in a report on Tuesday, October 24th. Finally, Zacks Investment Research cut NextEra Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $40.38.
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NextEra Energy Partners Company Profile
Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets.
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