Nextera Energy Partners is a renewable energy company located in Florida, United States, which is part of the Utilities sector, and is traded under the ticker NEP on the NYSE exchange.
Nextera Energy Partners stock last closed at $30.08, up 3.72% from the previous day, and has decreased 50.61% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.53 percentage points. Nextera Energy Partners stock is currently +49.13% from its 52-week low of $20.17, and -53.31% from its 52-week high of $64.43.
At the moment, there are 93.43M shares of NEP outstanding. The market value of NEP is $2.81B. In the past 24 hours, 1.53M NEP shares were traded.
You will need an online brokerage account in order to access the NYSE market and buy NEP shares.
Based on our experience, eToro is the best brokerage. Here's why:
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountNow that you've picked the best brokerage, you need to fill out some personal details so you are able to invest in NEP stock today.
Now that you have filled out your info on one of the best stock market apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing money into your brokerage account.
Once you have identified the best place to buy Nextera Energy Partners stock, it's crucial to analyze their stock prior to investing, so you actually understand the risk and upside.
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on NEP's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge NEP's intrinsic value.
Using relative valuations methods:
You can do more valuation analysis on NEP's stock here.
Out of 9 Equities analysts who give ratings on NEP, the consensus analyst rating on NEP is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Angie Storozynski, a top 21% analyst from Seaport Global downgrades NEP to a sell rating and announces their NEP price target of $15.50, on Nov 9, 2023.
William Grippin, a bottom 14% analyst from UBS downgrades NEP to a hold rating and lowers their NEP price target from $74.00 to $20.00, on Oct 10, 2023.
UBS's William Grippin downgraded their rating on Nextera Energy Partners (NYSE: NEP) from Strong Buy to Hold on 2023/10/10. The analyst also lowered their price target by 73% from $74 to $20.
The analyst told investors they significantly lowered their price target to account for the company's 2023/09/27 announcement it is cutting distribution growth expectations from 12% to 6% Y/Y.
Following the news, Grippin said there will not be many near-term positive catalysts to drive a re-rating of the shares.
Furthermore, NextEra Energy Partners is facing considerable near-term low-cost debt maturities which could further limit its ability to fund new growth via asset acquisitions, the analyst said.
Stephen Byrd, a top 6% analyst from Morgan Stanley maintains NEP with a hold rating and lowers their NEP price target from $65.00 to $31.00, on Oct 3, 2023.
Julien Dumoulin-Smith, a top 6% analyst from Bank of America maintains NEP with a hold rating and lowers their NEP price target from $60.00 to $30.00, on Oct 2, 2023.
Neil Kalton, a top 18% analyst from Wells Fargo downgrades NEP to a hold rating and lowers their NEP price target from $80.00 to $33.00, on Oct 2, 2023.
You can dig deeper into what analysts are saying on the Nextera Energy Partners stock forecast page.
Last year, NEP earnings were $200.00M. Over the last 5 year, NEP's earnings have grown by -6.5% per year. This was slower than the Utilities - Renewable industry average of 3.14%.
Last year, NEP revenue was $1.08B. Over the last 5 year, NEP's revenue has grown by 6.93% per year. This was slower than the Utilities - Renewable industry average of 10.73%.
You can research NEP's earnings and revenue performance here.
Over the past 12 months, insiders at NEP have sold more shares than they have bought.
Terrell Kirk Crews Ii, Chief Financial Officer of NEP, was the latest NEP insider to sell. They sold $13,163.68 worth of NEP shares on Feb 20, 2024.
Research more about who owns NEP stock here.
Nextera Energy Partners pays a dividend of 11.45%, compared to the Utilities - Renewable industry's average dividend yield of 4.98%. If you owned $1,000 of NEP stock, you would have received $114.49 in the past year.
Nextera Energy Partners dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Nextera Energy Partners dividend yield and history here.
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
There are two main options:
Press the Open button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, click the how to video below:
Now that you own some NEP shares, you'll want to keep up with your investment.
Create a watchlist to get alerted to the latest events about your NEP stock.
To reiterate, here are the 6 steps you need to take to buy Nextera Energy Partners stock right now:
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your new investment in Nextera Energy Partners, click below.