On 11/9/23, NextEra Energy Partners LP (NYSE: NEP) stock suffered a major decline of -11.3%, closing at $23.99. Relative to the market the stock has been extremely weak over the last nine months and has declined -11.8% during the last week.
Current PriceTarget Research Rating
NEP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
NextEra Energy Partners has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. NextEra Energy Partners has a very high Appreciation Score of 88 but a very low Power Rating of 4, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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