Nextera Energy Partners (NEP) to Release Earnings on Thursday

Nextera Energy Partners (NYSE:NEP) will post its quarterly earnings results before the market opens on Thursday, January 25th. Analysts expect Nextera Energy Partners to post earnings of $0.50 per share for the quarter.

Nextera Energy Partners (NYSE:NEP) last posted its earnings results on Thursday, October 26th. The solar energy provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.36). The company had revenue of $177.00 million for the quarter, compared to analysts’ expectations of $243.16 million. Nextera Energy Partners had a net margin of 10.38% and a return on equity of 3.57%. On average, analysts expect Nextera Energy Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nextera Energy Partners (NEP) opened at $39.98 on Thursday. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $2,180.00, a PE ratio of 31.98, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. Nextera Energy Partners has a twelve month low of $27.47 and a twelve month high of $44.24.

A hedge fund recently raised its stake in Nextera Energy Partners stock. Northern Trust Corp lifted its holdings in shares of Nextera Energy Partners LP (NYSE:NEP) by 19.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,048 shares of the solar energy provider’s stock after purchasing an additional 3,154 shares during the quarter. Northern Trust Corp’s holdings in Nextera Energy Partners were worth $705,000 at the end of the most recent quarter. Institutional investors and hedge funds own 83.49% of the company’s stock.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Nextera Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday. Guggenheim assumed coverage on Nextera Energy Partners in a report on Tuesday, January 2nd. They set a “buy” rating and a $45.00 target price for the company. Morgan Stanley raised Nextera Energy Partners from an “equal weight” rating to an “overweight” rating and set a $47.00 target price for the company in a report on Tuesday, December 12th. Credit Suisse Group assumed coverage on Nextera Energy Partners in a report on Thursday, December 7th. They set an “outperform” rating and a $44.00 target price for the company. Finally, TheStreet lowered Nextera Energy Partners from a “b” rating to a “c+” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.38.

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About Nextera Energy Partners

Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets.

Earnings History for Nextera Energy Partners (NYSE:NEP)

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