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 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.
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