NextEra Energy Partners (NEP) Stock Forecast & Price Target

$26.65

-0.31 (-1.15%)

(As of 10/2/2024 ET)

NextEra Energy Partners - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
4

Hold
8

Buy
4

Based on 16 Wall Street analysts who have issued ratings for NextEra Energy Partners in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 4 have given a sell rating, 8 have given a hold rating, and 4 have given a buy rating for NEP.

Consensus Price Target

$30.08
12.86% Upside

According to the 16 analysts' twelve-month price targets for NextEra Energy Partners, the average price target is $30.08. The highest price target for NEP is $45.00, while the lowest price target for NEP is $15.00. The average price target represents a forecasted upside of 12.86% from the current price of $26.65.

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NEP Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	8 Buy rating(s)
Hold	8 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	6 Hold rating(s)
Sell	4 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$30.08	$33.00	$38.20	$53.50
Forecasted Upside	12.86% Upside	31.74% Upside	43.18% Upside	131.40% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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NEP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NEP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

NextEra Energy Partners Stock vs. The Competition

Type	NextEra Energy Partners	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.00	2.61	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	12.86% Upside	220.55% Upside	6.88% Upside
News Sentiment Rating	Positive News See Recent NEP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/1/2024	BNP Paribas 3 of 5 stars		Initiated Coverage	Underperform	$15.00	-45.67%
9/30/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$28.00 ➝ $27.00	-2.32%
9/19/2024	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Buy	$28.00	+8.36%
7/31/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$31.00 ➝ $20.00	-24.07%
7/25/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Fleishman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
7/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$32.00 ➝ $28.00	+3.51%
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7/9/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Molchanov Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
7/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Tucker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	$38.00 ➝ $30.00	+8.54%
6/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight	$32.00 ➝ $25.00	-19.87%
6/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Crowdell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$33.00	+4.30%
5/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underweight	$25.00	-27.75%
4/24/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
3/26/2024	Marathon Capitl Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Kania Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight
2/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$43.00	+47.06%
1/9/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Neutral	$35.00	+14.38%
12/6/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$42.00 ➝ $37.00	+39.52%
10/2/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$60.00 ➝ $30.00	+15.38%
10/2/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$80.00 ➝ $33.00	+11.11%
9/28/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$85.00 ➝ $58.00	+54.81%
4/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$87.00 ➝ $78.00	+39.44%
4/18/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$83.00 ➝ $72.00	+16.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:13 AM ET.

NEP Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for NextEra Energy Partners is $30.08, with a high forecast of $45.00 and a low forecast of $15.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy Partners in the last twelve months. There are currently 4 sell ratings, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NEP, but not buy additional shares or sell existing shares.
: According to analysts, NextEra Energy Partners's stock has a predicted upside of 12.86% based on their 12-month stock forecasts.
: Over the previous 90 days, NextEra Energy Partners's stock had 3 downgrades by analysts.
: NextEra Energy Partners has been rated by research analysts at BMO Capital Markets, BNP Paribas, Jefferies Financial Group, Morgan Stanley, Raymond James, UBS Group, and Wolfe Research in the past 90 days.
: Analysts like NextEra Energy Partners less than other "oils/energy" companies. The consensus rating for NextEra Energy Partners is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how NEP compares to other companies.