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How to Buy Nextera Energy Partners Stock

Nextera Energy Partners LP

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.

How to Buy Nextera Energy Partners Stock

Not sure how to invest in Nextera Energy Partners stock? Here's how.
  1. Choose where to buy Nextera Energy Partners stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Nextera Energy Partners stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Choose your method of payment and add your details.
  4. Analyze Nextera Energy Partners stock: The Nextera Energy Partners ticker symbol is NEP. Is Nextera Energy Partners stock a good investment? Should you buy shares of NEP? How do NEP's underlying business fundamentals look? Do top analysts think Nextera Energy Partners is a good buy? Why has NEP's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if NEP is a good stock to buy).
  5. Make your NEP buy order: Decide if you will purchase NEP shares at the current market price or use a limit order to buy NEP stock at a particular price.
  6. Get key alerts regarding your NEP position: Create a watchlist to important updates regarding your investment in Nextera Energy Partners stock.

Step 1: Choose where to buy Nextera Energy Partners stock

You will need an online brokerage account in order to access the NYSE market and buy NEP shares.

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Step 2: Create your brokerage account

Now 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.

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  1. Send your details by clicking the "Create Account" button.
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Step 3: Deposit money your brokerage account

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.

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Step 4: Analyze Nextera Energy Partners stock

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.

Nextera Energy Partners shares at a glance

NEP Price
$30.08
1w %
7.81%
1y %
-50.61%
5y %
-35.6%
P/E
13.8x
P/B
0.79x
P/S
2.61x
PEG
0.27x
Revenue
$1.08B
Earnings
$200.00M
Fore. Rev. Growth
18.17%
Fore. Earn. Growth
56.8%
Market Cap
$2.81B
Next Earnings
Apr 23, 2024
Next Dividend
N/A

Nextera Energy Partners Fundamentals

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.

Is NEP stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge NEP's intrinsic value.

Using relative valuations methods:

  • NEP may be undervalued based on its P/E ratio of 13.8x, relative to Utilities - Renewable industry P/E ratio of 30.25x
  • NEP could be undervalued based on its P/B ratio of 0.79x, relative to Utilities - Renewable industry P/B ratio of 2.61x
  • NEP may be undervalued based on its PEG ratio of 0.27x

You can do more valuation analysis on NEP's stock here.

A look at NEP Cashflows and Balance Sheet

Signs that NEP is financially healthy:

  • There are more short-term assets than short-term liabilities on the NEP balance sheet.

Signs that NEP is not financially healthy:

  • NEP earnings of $569.00M is not sufficient to cover its interest payments.
  • NEP's operating cash flow of $731.00M allows it to safely service it's debt of $6.29B.
  • There are more long-term liabilities than short-term assets on the NEP balance sheet.
  • Total NEP debt is higher than 5 years ago, relative to shareholder equity.
  • NEP profit margin has gone down from 49.2% to 18.6% in the past year.
  • NEP has a relatively high debt to equity ratio of 2.37.

Do Wall Street analysts think it's a good time to buy Nextera Energy Partners stock

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.

Latest NEP Analyst Upgrades/Downgrades

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.

NEP Technical Indicators

SMA10
28.04
SMA20
28.44
SMA50
28.3
SMA100
27.67
SMA200
36.58
MACD
0.12
MACD Signal
-0.05
MACD Histogram
0.16
RSI
62.48
Stochastic %K
69.04
Stochastic %D
52.49
StochRSI %K
80.49
StochRSI %D
65.16

NEP Revenue

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.

Are NEP insiders buying or selling the stock?

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.

Can I rely on NEP as an income stream?

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.

What others are saying about NEP

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Step 5: Make your NEP buy order

There are two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.

Press the Open button and eToro will execute the order.

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Step 6: Get key alerts regarding your NEP position

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.

NEP Feed

How to Buy Stock in Nextera Energy Partners

To reiterate, here are the 6 steps you need to take to buy Nextera Energy Partners stock right now:

  1. Choose where to buy Nextera Energy Partners stock
  2. Create your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Nextera Energy Partners stock
  5. Make your NEP buy order
  6. Get key alerts regarding your NEP position

If you require a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your new investment in Nextera Energy Partners, click below.

NYSE: NEP
$30.08+1.08 (+3.72%)
Updated Mar 28, 2024
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NYSE: NEP
$30.08+1.08 (+3.72%)
Updated Mar 28, 2024
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FAQ

How much does it cost to buy one Nextera Energy Partners share?

As of Mar 28, 2024, it costs $30.08 to buy one share of Nextera Energy Partners stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.332 shares of NEP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nextera Energy Partners stock?

According to 9 Wall Street analysts who monitor Nextera Energy Partners, their consensus recommendation is to buy Nextera Energy Partners stock.

What is the best way to buy Nextera Energy Partners stock?

One way to place an order for Nextera Energy Partners stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.