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NextEra Energy Partners LP NEP

Morningstar Rating
$27.76 −0.24 (0.86%)
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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.

Price vs Fair Value

NEP is trading at a 224% premium.
Price
$28.04
Fair Value
$19.15
Uncertainty
Very High
1-Star Price
$68.25
5-Star Price
$24.13
Economic Moat
Bpckc
Capital Allocation
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News

Trading Information

Previous Close Price
$28.00
Day Range
$27.3127.91
52-Week Range
$20.1759.40
Bid/Ask
$27.55 / $28.00
Market Cap
$2.60 Bil
Volume/Avg
778,576 / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
10.05
Price/Sales
2.52
Dividend Yield (Trailing)
12.48%
Dividend Yield (Forward)
12.48%
Total Yield
12.48%

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)
10.0579.0518.15
Price/Book Value
0.730.861.36
Price/Sales
2.521.272.17
Price/Cash Flow
3.064.683.58
Price/Earnings
NEP
BEPC
CWEN.A

Financial Strength

Metric
NEP
BEPC
CWEN.A
Quick Ratio
1.220.310.96
Current Ratio
1.360.391.71
Interest Coverage
0.752.270.92
Quick Ratio
NEP
BEPC
CWEN.A

Profitability

Metric
NEP
BEPC
CWEN.A
Return on Assets (Normalized)
0.08%3.50%< 0.01%
Return on Equity (Normalized)
0.50%27.28%0.04%
Return on Invested Capital (Normalized)
0.97%8.90%2.03%
Return on Assets
NEP
BEPC
CWEN.A
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Brookfield Renewable Partners LP
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