NextEra Energy Partners (NEP) closed flat, upcoming earnings show potential increase

From Nasdaq: 2024-11-29 17:50:07

In the latest trading session, NextEra Energy Partners (NEP) closed at $17.47, showing no change from the previous day. The company’s shares have dropped by 9.72% in the last month, underperforming the Oils-Energy sector and the S&P 500. The upcoming earnings release is anticipated to show a significant increase in EPS and revenue.

Analyst estimates project a substantial increase in earnings and revenue for NextEra Energy Partners this year. Recent adjustments to these estimates reflect optimism about the company’s performance. The Zacks Rank system, which rates stocks from #1 (Strong Buy) to #5 (Strong Sell), currently places NEP at #3 (Hold).

Investors should take note of NextEra Energy Partners’ forward P/E ratio of 12.88, indicating a discount compared to the industry average. The Alternative Energy – Other industry, to which NEP belongs, has a Zacks Industry Rank of 133, placing it in the lower 48% of all industries. Stay updated on stock metrics through Zacks.com for upcoming trading sessions.

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Read more at Nasdaq: NextEra Energy Partners (NEP) Flat As Market Gains: What You Should Know