NextEra Energy Partners
Market Cap
US$2.9b
Last Updated
2019/10/20 00:20 UTC
Data Sources
Company Financials +
Executive Summary
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States.
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Share Price & News
How has NextEra Energy Partners's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.0%
NEP
0.9%
US Renewable Energy
0.4%
US Market
1 Year Return
9.5%
NEP
18.9%
US Renewable Energy
6.9%
US Market
Return vs Industry: NEP underperformed the US Renewable Energy industry which returned 18.9% over the past year.
Return vs Market: NEP exceeded the US Market which returned 6.9% over the past year.
Shareholder returns
| NEP | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | 0.9% | 0.4% |
| 30 Day | -3.1% | 1.2% | -1.1% |
| 90 Day | 2.5% | 10.5% | -0.5% |
| 1 Year | 14.2%9.5% | 22.9%18.9% | 9.3%6.9% |
| 3 Year | 103.5%79.7% | 64.9%41.1% | 45.8%36.4% |
| 5 Year | 80.2%48.8% | 29.3%-0.3% | 62.9%45.1% |
Price Volatility Vs. Market
How volatile is NextEra Energy Partners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
What Should Investors Know About NextEra Energy Partners LP's (NYSE:NEP) Capital Returns?1 year ago | Simply Wall St
Who Owns Most Of NextEra Energy Partners LP (NYSE:NEP)?1 year ago | Simply Wall St
How Financially Strong Is NextEra Energy Partners LP (NYSE:NEP)?Valuation
Is NextEra Energy Partners undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: NEP ($51.6) is trading below our estimate of fair value ($712.01)
Significantly Undervalued: NEP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NEP is unprofitable, so we can't compare its PE Ratio to the Renewable Energy industry average.
PE vs Market: NEP is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate NEP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NEP is overvalued based on its PB Ratio (1.7x) compared to the US Renewable Energy industry average (1.4x).
Future Growth
How is NextEra Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
34.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NEP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).
Earnings vs Market: NEP is forecast to become profitable over the next 3 year, which is considered above average market growth.
High Growth Earnings: NEP's loss is forecast to worsen by 0% next year.
Revenue vs Market: NEP's revenue (17.5% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: NEP's revenue (17.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: NEP's Return on Equity is forecast to be low in 3 years time (9.2%).
Past Performance
How has NextEra Energy Partners performed over the past 5 years?
28.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: NEP is unprofitable, but has reduced losses over the past 5 years at a rate of 28.6% per year.
Accelerating Growth: Unable to compare NEP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NEP is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (33.9%).
Return on Equity
High ROE: NEP has a negative Return on Equity (-3.83%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: NEP is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: NEP is currently unprofitable, so its Return on Capital Employed is negative.
Financial Health
How is NextEra Energy Partners's financial position?
Financial Position Analysis
Short Term Liabilities: NEP's short term assets ($1.2B) exceeds its short term liabilities ($872.0M)
Long Term Liabilities: NEP's short term assets (1.2B) do not cover its long term liabilities (4.4B)
Debt to Equity History and Analysis
Debt Level: NEP's debt to equity ratio (71.6%) is considered high
Reducing Debt: NEP's debt to equity ratio has reduced from 465.3% to 71.6% over the past 5 years.
Debt Coverage: NEP's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: NEP is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: NEP has a high level of physical assets or inventory.
Debt Coverage by Assets: NEP's debt is not covered by short term assets (assets are 0.3x debt).
Dividend
What is NextEra Energy Partners's current dividend yield, its reliability and sustainability?
3.90%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: NEP's dividend (3.9%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: NEP's dividend (3.9%) is in the top 25% of dividend payers in the US market (3.73%)
Stable Dividend: Whilst dividend payments have been stable, NEP has been paying a dividend for less than 10 years.
Growing Dividend: NEP's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: NEP is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NEP's dividends in 3 years are not forecast to be well covered by earnings (112.5% payout ratio).
Management
What is the CEO of NextEra Energy Partners's salary, the management and board of directors tenure and is there insider trading?
2.2yrs
Average management tenure
CEO
Jim Robo (56yo)
2.2yrs
Tenure
Mr. James L. Robo, also known as Jim, has been Chairman of the Board and Chief Executive Officer of NextEra Energy Partners, LP since August 2017. Mr. Robo was the Chairman and Chief Executive Officer of NÂ ...
Management Age and Tenure
2.2yrs
Average Tenure
48yo
Average Age
Experienced Management: NEP's management team is considered experienced (2.2 years average tenure).
Board Age and Tenure
2.2yrs
Average Tenure
52yo
Average Age
Experienced Board: NEP's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Jim Robo (56yo)
Chairman & CEO
- Tenure: 2.2yrs
Paul Cutler (59yo)
Treasurer & Assistant Secretary
- Tenure: 2.2yrs
Charles Sieving (46yo)
General Counsel
- Tenure: 2.2yrs
John Ketchum (48yo)
President & Director
- Tenure: 2.2yrs
Rebecca Kujawa (43yo)
CFO & Director
- Tenure: 0.6yrs
Mark Hickson (51yo)
Executive VP of Strategy & Corporate Development and Director
- Tenure: 2.2yrs
William Seeley
Corporate Secretary of Nextera Energy Partners GP Inc
- Tenure: 0yrs
Matthew Roskot
Director of Investor Relations
- Tenure: 0yrs
James May (42yo)
Controller & Chief Accounting Officer
- Tenure: 0.6yrs
Board Members
Jim Robo (56yo)
Chairman & CEO
- Tenure: 2.2yrs
Bob Byrne (57yo)
Director
- Tenure: 0.8yrs
Peter Kind (62yo)
Independent Director
- Tenure: 2.2yrs
- Compensation: US$195.09k
John Ketchum (48yo)
President & Director
- Tenure: 2.2yrs
Susan Austin (52yo)
Independent Director
- Tenure: 2.2yrs
- Compensation: US$180.09k
Rebecca Kujawa (43yo)
CFO & Director
- Tenure: 0.6yrs
Mark Hickson (51yo)
Executive VP of Strategy & Corporate Development and Director
- Tenure: 2.2yrs
Company Information
NextEra Energy Partners, LP's company bio, employee growth, exchange listings and data sources
Key Information
- Name: NextEra Energy Partners, LP
- Ticker: NEP
- Exchange: NYSE
- Founded: 2014
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: US$2.897b
- Shares outstanding: 56.15m
- Website: https://www.investor.nexteraenergypartners.com
Location
- NextEra Energy Partners, LP
- 700 Universe Boulevard
- Juno Beach
- Florida
- 33408
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NEP | NYSE (New York Stock Exchange) | Yes | Common Units | US | USD | Jun 2014 |
| 1N6 | DB (Deutsche Boerse AG) | Yes | Common Units | DE | EUR | Jun 2014 |
Biography
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar pro ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/20 00:20 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.