NextEra Energy Partners LP NEP
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News
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NextEra Energy announces date for release of first-quarter 2024 financial results
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NextEra Energy Partners, LP announces date for release of first-quarter 2024 financial results
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NextEra Energy and NextEra Energy Partners to meet with investors in early to mid-March
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NextEra Energy fourth-quarter and full-year 2023 financial results available on company's website
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NextEra Energy Partners, LP fourth-quarter and full-year 2023 financial results available on partnership's website
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NextEra Energy Partners Shares Rise 12% After Increasing 3Q Distribution
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Ingevity Poised to Cut Emissions Following Solar Power Deal With NextEra — Energy Comment
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NextEra 2Q Earnings Up Sharply as it Adds Solar-Power Capacity
Trading Information
- Previous Close Price
- $27.38
- Day Range
- $26.72–27.44
- 52-Week Range
- $20.17–64.43
- Bid/Ask
- $27.06 / $27.25
- Market Cap
- $2.53 Bil
- Volume/Avg
- 155 / 1.3 Mil
Key Statistics
- Price/Earnings (Normalized)
- 7.66
- Price/Sales
- 2.30
- Dividend Yield (Trailing)
- 12.72%
- Dividend Yield (Forward)
- 12.72%
- Total Yield
- 12.72%
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
- —
Comparables
Valuation
|
Metric
|
NEP
|
BEPC
|
CWEN.A
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.66 | — | 18.08 |
Price/Book Value | 0.71 | 0.70 | 1.17 |
Price/Sales | 2.30 | 0.96 | 1.87 |
Price/Cash Flow | 2.94 | 3.17 | 3.19 |
Price/Earnings
NEP
BEPC
CWEN.A
Financial Strength
|
Metric
|
NEP
|
BEPC
|
CWEN.A
|
|---|---|---|---|
Quick Ratio | 1.21 | 0.30 | 0.97 |
Current Ratio | 1.33 | 0.40 | 1.72 |
Interest Coverage | 0.35 | 1.23 | 0.95 |
Quick Ratio
NEP
BEPC
CWEN.A
Profitability
|
Metric
|
NEP
|
BEPC
|
CWEN.A
|
|---|---|---|---|
Return on Assets (Normalized) | −1.37% | 0.28% | 0.13% |
Return on Equity (Normalized) | −9.03% | 2.16% | 0.77% |
Return on Invested Capital (Normalized) | 0.20% | 3.43% | 2.55% |
Return on Assets
NEP
BEPC
CWEN.A
Utilities - Renewable Industry Comparables
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Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
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|
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|
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BEP
| Brookfield Renewable Partners LP | Qhsdbkqzx | Gyfct | $5.9 Bil | |
BEPC
| Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting) | Hrnvkbsjj | Lht | $4.0 Bil |