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NextEra Energy Partners (NYSE:NEP) Bolsa, Informe de interés en corto

NextEra Energy Partners

NextEra Energy Partners LP is formed to acquire, manage, and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. Renewable energy assets consist of wind, solar, and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets. Renewable energy sales generate maximum revenue for the company.

NextEra Energy Partners, LP Common Units representing limited partner interests

NextEra Energy Partners LP

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NEPTUNE WELLNESS SLTN INC by Neptune Wellness Solutions Inc.

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CIBC analyst Mark Jarvi maintains NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Neutral and lowers the price target from $34 to $32.

News

Price Target

Analyst Ratings

CIBC Maintains Neutral on NextEra Energy Partners, Lowers Price Target to $32

NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.
Analysts are estimating that NextEra Energy Partners will report an earnings per share (EPS) of $0.55.
Anticipation surrounds NextEra Energy Partners's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.01, leading to a 5.64% drop in the share price on the subsequent day.
Here's a look at NextEra Energy Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.65</td>
<td>0.30</td>
<td>0.16</td>
<td>0.45</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.66</td>
<td>0.75</td>
<td>-0.35</td>
<td>0.57</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>3.0%</td>
<td>-1.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729613023_0.png" alt="eps graph" />
<h3>Market Performance of NextEra Energy Partners's Stock</h3>
Shares of NextEra Energy Partners were trading at $25.24 as of October 21. Over the last 52-week period, shares are down 3.39%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<h3>Analyst Opinions on NextEra Energy Partners</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on NextEra Energy Partners.
The consensus rating for NextEra Energy Partners is Underperform, based on 7 analyst ratings. With an average one-year price target of $23.86, there's a potential 5.47% downside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of and ReNew Energy Glb, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Buy trajectory for ReNew Energy Glb, with an average 1-year price target of $8.0, indicating a potential 68.3% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary outlines pivotal metrics for and ReNew Energy Glb, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>NextEra Energy Partners</td>
<td>Underperform</td>
<td>22.87%</td>
<td>$221M</td>
<td>1.75%</td>
</tr>
<tr>
<td>ReNew Energy Glb</td>
<td>Buy</td>
<td>7.35%</td>
<td>$22.57B</td>
<td>0.37%</td>
</tr>
</tbody>
</table>

Key Takeaway:
NextEra Energy Partners ranks higher than its peers in Revenue Growth, indicating strong performance in generating revenue. However, it lags behind in Gross Profit, suggesting lower profitability compared to peers. In terms of Return on Equity, NextEra Energy Partners is positioned better than its peers, showcasing efficient utilization of shareholder equity. Overall, NextEra Energy Partners stands in a competitive position among its peers based on the provided metrics.
<h3>Unveiling the Story Behind NextEra Energy Partners</h3>
NextEra Energy Partners LP is formed to acquire, manage, and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. Renewable energy assets consist of wind, solar, and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets. Renewable energy sales generate maximum revenue for the company.
<h3>Financial Milestones: NextEra Energy Partners's Journey</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: NextEra Energy Partners's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 22.87%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: NextEra Energy Partners's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 17.22%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): NextEra Energy Partners's ROE excels beyond industry benchmarks, reaching 1.75%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): NextEra Energy Partners's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.28%, the company showcases efficient use of assets and strong financial health.
Debt Management: NextEra Energy Partners's debt-to-equity ratio is below the industry average. With a ratio of 1.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/NEP/earnings">To track all earnings releases for NextEra Energy Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

An Overview of NextEra Energy Partners's Earnings

BMO Capital analyst James Thalacker maintains NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Outperform and lowers the price target from $28 to $26.

BMO Capital Maintains Outperform on NextEra Energy Partners, Lowers Price Target to $26

Mizuho analyst Anthony Crowdell maintains NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Neutral and lowers the price target from $33 to $26.

Mizuho Maintains Neutral on NextEra Energy Partners, Lowers Price Target to $26

Barclays analyst Brandon Oglenski maintains NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Underweight and maintains $25 price target.

Barclays Maintains Underweight on NextEra Energy Partners, Maintains $25 Price Target

Exane BNP Paribas initiates coverage on NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Underperform rating and announces Price Target of $15.

Initiation

Exane BNP Paribas Initiates Coverage On NextEra Energy Partners with Underperform Rating, Announces Price Target of $15

UBS analyst William Grippin maintains NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Neutral and lowers the price target from $28 to $27.

UBS Maintains Neutral on NextEra Energy Partners, Lowers Price Target to $27

Jefferies analyst Julien Dumoulin-Smith initiates coverage on NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Buy rating and announces Price Target of $28.

Jefferies Initiates Coverage On NextEra Energy Partners with Buy Rating, Announces Price Target of $28

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is one of the &#8220;best-run companies&#8221; in the world, adding that it's <a href="https://www.benzinga.com/quote/KKR/analyst-ratings">a &#8220;really great&#8221; company.</a>
On Aug. 19, KKR said it has acquired a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for around $377 million.
Datadog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) is a &#8220;hugely fabulous company, and there were people who were trying to buy it for $20 billion before it ever became public. My problem is that it's just the definition of enterprise software,&#8221; Cramer said. &#8220;I don't trust it yet, but it is a very good company.&#8221;
On Aug. 8, Datadog reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates. The New York-based company clocked fiscal second-quarter revenue growth of 27% year-on-year to $645.3 million, beating the analyst consensus estimate of $624.9 million. Adjusted EPS of 53 cents beat the analyst consensus estimate of 37 cents.
When asked about NextEra Energy Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>), he said, &#8220;Not sure why we can buy it other than a big dividend, and I'm afraid of that, I'm sorry.&#8221;
On July 24, NextEra Energy Partners posted better-than-expected second-quarter results. The company reported quarterly earnings of 66 cents per share, which beat the analyst consensus estimate of 28 cents per share. The company reported quarterly sales of $360.000 million, which beat the analyst consensus estimate of $357.659 million.
Price Action:
<ul>
<li>Datadog shares gained 1.9% to settle at $117.21 on Friday.</li>
<li>Royalty Pharma shares rose 2.9% to close at $27.41.</li>
<li>NextEra Energy Partners shares gained 0.1% to settle at $25.56 on Friday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40439468/top-3-industrials-stocks-that-may-rocket-higher-this-month">Top 3 Industrials Stocks That May Rocket Higher This Month</a></li>
</ul>
Photo: Shutterstock

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Offerings

NextEra Energy Partners LP Files For Mixed Shelf Offering; Size Not Disclosed

Morgan Stanley analyst Stephen Byrd downgrades NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) from Equal-Weight to Underweight and lowers the price target from $31 to $20.

Downgrades

Morgan Stanley Downgrades NextEra Energy Partners to Underweight, Lowers Price Target to $20

Wolfe Research analyst Steve Fleishman downgrades NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) from Outperform to Peer Perform.

Wolfe Research Downgrades NextEra Energy Partners to Peer Perform

NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.28 by 135.71 percent. This is a 24.53 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $360.000 million which beat the analyst consensus estimate of $357.659 million by 0.65 percent. This is a 2.86 percent increase over sales of $350.000 million the same period last year.

Earnings Beats

NextEra Energy Partners Q2 2024 GAAP EPS $0.66 Beats $0.28 Estimate, Sales $360.000M Beat $357.659M Estimate

BMO Capital analyst James Thalacker maintains NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) with a Outperform and lowers the price target from $32 to $28.

BMO Capital Maintains Outperform on NextEra Energy Partners, Lowers Price Target to $28

Raymond James analyst Pavel Molchanov downgrades NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) from Outperform to Market Perform.

Raymond James Downgrades NextEra Energy Partners to Market Perform

WIIM

NextEra Energy Partners shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $38 to $30.

NextEra Energy Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) shares <a href="https://www.benzinga.com/quote/NEP">tanked in early trading on Monday</a>.
The company has a <a>"challenging road ahead</a>," with "insufficient growth from wind repowering and the looming ~$3.7B CEPF liabilities post-2026," according to RBC Capital Markets.
The NextEra Energy Partners Analyst: Shelby Tucker downgraded the rating for NextEra Energy Partners from Outperform to Sector Perform, while reducing the price target from $38 to $30.
The NextEra Energy Partners Thesis: The suite of solutions offered by the company is insufficient for it to maintain a healthy CAFD run-rate that would satisfy dividend payouts, given its CEPF liability post-2026, Tucker said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
NextEra Energy's plans to repower 1.3GW is estimated to yield $70 million of CAFD, which could "partially offset the financing headwinds from upcoming maturities," the analyst wrote.
A dividend cut of around 50% "would reset the payout ratio to below 60%, which helps offset the CEPF liabilities and provides a payout ratio cushion through the late years of the CEPF buyout periods," he added.
NEP Price Action: Shares of NextEra Energy Partners had declined by 5.35% to $26.16 at the time of publication on Monday.
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Photo: Courtesy of NextEra Energy, Inc.

Analyst Color

Movers

Why This NextEra Energy Analyst Is No Longer Bullish

RBC Capital analyst Shelby Tucker downgrades NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) from Outperform to Sector Perform and lowers the price target from $38 to $30.

RBC Capital Downgrades NextEra Energy Partners to Sector Perform, Lowers Price Target to $30

NextEra Energy Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) today announced that members of the senior management team will participate in various investor meetings throughout June. They plan to discuss, among other things, NextEra Energy Partners' long-term growth-rate expectations, reaffirming those presented on the April 23, 2024, first-quarter 2024 financial results call. Investors and other interested parties can access a copy of the April 23, 2024, news release and presentation materials and the June 2024 investor presentation at <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4193569-1&amp;h=1944510392&amp;u=https%3A%2F%2Fwww.investor.nexteraenergypartners.com%2Fnews-and-events%2Fevents-and-presentations&amp;a=www.NextEraEnergyPartners.com">www.NextEraEnergyPartners.com</a>.&nbsp;

Guidance

Nextera Energy Partners To Meet With Investors Throughout June; Reaffirms Long-Term Growth-Rate Expectations, Reaffirming Those Presented On The April 23, 2024, Q1 2024 Financial Results Call

Barclays analyst Betty Jiang downgrades NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) from Equal-Weight to Underweight and lowers the price target from $32 to $25.

Barclays Downgrades NextEra Energy Partners to Underweight, Lowers Price Target to $25

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