NextEra Energy Partners: Be Greedy When Others Are Fearful [Seeking Alpha]
NextEra Energy Partners, LP Common Units representing limited partner interests (NEP)
NASDAQ:AMEX Investor Relations:
nexteraenergypartners.com
Company Research
Source: Seeking Alpha
Follow Summary NextEra Energy Partners' units fell over 16% due to worse-than-expected Q3 results and a significant decline in EBITDA, raising concerns about distribution stability. I believe, at the current valuation level, the risk of a distribution cut is already priced in. NEP also declared a new distribution of $0.9175 per unit, a 1.4% increase, suggesting a near-term distribution cut is unlikely. NEP's valuation is relatively cheap compared to peers. The energy company's long-term growth prospects remain attractive, especially in the renewables sector due to growing power demand driven by Data Centers. Richard Drury Units of NextEra Energy Partners ( NYSE: NEP ) experienced significant selling pressure after the new energy company reported worse than expected third quarter results this week and reported a 7% year-over-year decline in its EBITDA, in part due to divestitures. Units of NextEra Energy This article was written by The Asian Investor 26.46K Follo
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News
- 3 Scary High-Yield Dividend Stocks That Income Investors Should Avoid Right Now [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NEP) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NYSE: NEP) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating. They now have a $22.00 price target on the stock, down previously from $37.00.MarketBeat
- This Ultra-High-Yield Dividend Stock Could Face a Day of Reckoning in January 2025 [Yahoo! Finance]Yahoo! Finance
- NextEra Energy Partners, LP (NYSE: NEP) had its price target lowered by analysts at Evercore ISI from $32.00 to $30.00. They now have an "outperform" rating on the stock.MarketBeat
NEP
Earnings
- 10/24/24 - Beat
NEP
Sec Filings
- 10/24/24 - Form S-8
- 10/23/24 - Form 10-Q
- 10/23/24 - Form 8-K
- NEP's page on the SEC website