NextEra Energy Partners (NEP) to Release Earnings on Thursday

NextEra Energy Partners (NYSE:NEP) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect NextEra Energy Partners to post earnings of $0.79 per share and revenue of $329,970.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

NextEra Energy Partners (NYSE:NEP) last announced its quarterly earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.94). The company had revenue of $319.00 million during the quarter, compared to analyst estimates of $332.25 million. NextEra Energy Partners had a negative return on equity of 1.07% and a net margin of 17.47%. NextEra Energy Partners’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. On average, analysts expect NextEra Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NextEra Energy Partners Stock Performance

NEP opened at $16.75 on Wednesday. The stock has a 50-day moving average of $17.53 and a 200-day moving average of $22.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. NextEra Energy Partners has a 52-week low of $15.55 and a 52-week high of $35.15. The company has a market cap of $1.57 billion, a PE ratio of 7.68 and a beta of 1.06.

Analyst Ratings Changes

Several equities analysts have commented on NEP shares. Morgan Stanley upgraded NextEra Energy Partners from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Monday, December 2nd. Evercore ISI lowered their target price on shares of NextEra Energy Partners from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Scotiabank cut their target price on shares of NextEra Energy Partners from $26.00 to $15.00 and set a “sector perform” rating for the company in a research report on Thursday, December 12th. CIBC decreased their price target on shares of NextEra Energy Partners from $26.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Guggenheim lowered NextEra Energy Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $37.00 to $22.00 in a research note on Monday, October 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.64.

NextEra Energy Partners Company Profile

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.