NextEra Energy Partners LP NEP
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
News
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NextEra Energy and NextEra Energy Partners to meet with investors throughout September
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NextEra Energy Partners, LP second-quarter 2024 financial results available on partnership's website
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NextEra Energy second-quarter 2024 financial results available on company's website
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NextEra Energy Partners, LP announces date for release of second-quarter 2024 financial results
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Generac, Next Era Energy Partners downgraded as analyst favors Hannon Armstrong
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NextEra Energy Names New Chief Risk, Finance Officers
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NextEra Energy Partners Shares Rise 12% After Increasing 3Q Distribution
Trading Information
- Previous Close Price
- $27.47
- Day Range
- $27.66–28.25
- 52-Week Range
- $20.17–37.31
- Bid/Ask
- $27.55 / $28.20
- Market Cap
- $2.63 Bil
- Volume/Avg
- 932,190 / 1.4 Mil
Key Statistics
- Price/Earnings (Normalized)
- 11.42
- Price/Sales
- 2.52
- Dividend Yield (Trailing)
- 12.61%
- Dividend Yield (Forward)
- 12.61%
- Total Yield
- 12.61%
Company Profile
NextEra Energy Partners LP is formed to acquire, manage, and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. Renewable energy assets consist of wind, solar, and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets. Renewable energy sales generate maximum revenue for the company.
- Sector
- Utilities
- Industry
- Utilities - Renewable
- Stock Style Box
- Small Value
- Total Number of Employees
- 0
Comparables
Valuation
|
Metric
|
NEP
|
FLNC
|
CWEN.A
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.42 | — | 14.71 |
Price/Book Value | 0.74 | 7.01 | 1.55 |
Price/Sales | 2.52 | 1.32 | 2.65 |
Price/Cash Flow | 3.48 | 98.60 | 4.08 |
Price/Earnings
NEP
FLNC
CWEN.A
Financial Strength
|
Metric
|
NEP
|
FLNC
|
CWEN.A
|
|---|---|---|---|
Quick Ratio | 1.09 | 0.62 | 0.69 |
Current Ratio | 1.30 | 1.34 | 1.46 |
Interest Coverage | 0.66 | — | 0.65 |
Quick Ratio
NEP
FLNC
CWEN.A
Profitability
|
Metric
|
NEP
|
FLNC
|
CWEN.A
|
|---|---|---|---|
Return on Assets (Normalized) | −0.42% | −0.86% | 0.08% |
Return on Equity (Normalized) | −2.66% | −3.35% | 0.54% |
Return on Invested Capital (Normalized) | 0.67% | −3.06% | 2.27% |
Return on Assets
NEP
FLNC
CWEN.A
Utilities - Renewable Industry Comparables
|
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United States