Nextera Energy Partners Receives Average Rating of “Hold” from Analysts (NYSE:NEP)
Shares of Nextera Energy Partners (NYSE:NEP) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, American Banking News.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.50.
Shares of Nextera Energy Partners (NYSE:NEP) opened at 34.04 on Monday. Nextera Energy Partners has a 52 week low of $31.32 and a 52 week high of $36.90. The stock’s 50-day moving average is $34.64 and its 200-day moving average is $34.64. The company has a market cap of $553.2 million and a price-to-earnings ratio of 18.10.
NEP has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Nextera Energy Partners in a research note on Wednesday. They set a “market perform” rating and a $34.98 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of Nextera Energy Partners in a research note on Monday. They set an “overweight” rating and a $40.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Nextera Energy Partners in a research note on Tuesday, July 22nd. They set a “buy” rating and a $44.00 price target on the stock.
Nextera Energy Partners, LP owns, operates and acquires contracted clean energy projects with stable, long-term cash flows through its limited partner interest in NEE Operating LP.
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