NextEra Energy Partners (NYSE:NEP - Get Free Report) posted its quarterly earnings data on Tuesday. The solar energy provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.20, Zacks reports. NextEra Energy Partners had a negative net margin of 0.73% and a positive return on equity of 1.34%.
NextEra Energy Partners Stock Up 1.1 %
NEP stock traded up $0.12 during mid-day trading on Friday, hitting $10.56. The stock had a trading volume of 4,102,636 shares, compared to its average volume of 4,449,273. NextEra Energy Partners has a 1-year low of $9.98 and a 1-year high of $35.15. The company has a fifty day moving average of $17.20 and a 200 day moving average of $21.68. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $987.21 million, a price-to-earnings ratio of -105.55 and a beta of 1.06.
Analysts Set New Price Targets
NEP has been the subject of a number of research reports. Jefferies Financial Group reduced their target price on shares of NextEra Energy Partners from $25.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday. Evercore ISI reduced their price objective on NextEra Energy Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their target price on NextEra Energy Partners from $22.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Barclays reiterated an "underweight" rating and issued a $25.00 price target on shares of NextEra Energy Partners in a research report on Friday, October 4th. Finally, Morgan Stanley upgraded NextEra Energy Partners from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective on the stock in a report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy Partners presently has an average rating of "Hold" and an average target price of $22.07.
Read Our Latest Stock Report on NextEra Energy Partners
About NextEra Energy Partners
(
Get Free Report)
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.
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