NYSE:NEP

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NextEra Energy Partners

Market Cap

US$5.6b

Last Updated

2021/06/24 06:10 UTC

Data Sources

Company Financials +

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

Stable Share Price: NEP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NEP's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.2%

NEP

0.3%

US Renewable Energy

0.5%

US Market


1 Year Return

48.0%

NEP

40.0%

US Renewable Energy

42.6%

US Market

Return vs Industry: NEP exceeded the US Renewable Energy industry which returned 40% over the past year.

Return vs Market: NEP exceeded the US Market which returned 42.6% over the past year.


Shareholder returns

NEPIndustryMarket
7 Day-1.2%0.3%0.5%
30 Day10.0%3.4%1.9%
90 Day3.5%-0.3%7.9%
1 Year53.2%48.0%44.1%40.0%44.9%42.6%
3 Year83.9%63.8%52.7%39.8%64.4%54.1%
5 Year198.9%144.7%150.5%107.8%128.3%102.7%

Long-Term 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

No news available

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

Below Fair Value: NEP ($74.33) is trading below our estimate of fair value ($296.93)

Significantly Below Fair Value: NEP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NEP is good value based on its PE Ratio (14.3x) compared to the North American Renewable Energy industry average (29.4x).

PE vs Market: NEP is good value based on its PE Ratio (14.3x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: NEP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NEP is good value based on its PB Ratio (2.3x) compared to the US Renewable Energy industry average (2.6x).


Future Growth

How is NextEra Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEP's earnings are forecast to decline over the next 3 years (-11.7% per year).

Earnings vs Market: NEP's earnings are forecast to decline over the next 3 years (-11.7% per year).

High Growth Earnings: NEP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NEP's revenue (8.6% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: NEP's revenue (8.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEP's Return on Equity is forecast to be low in 3 years time (7.1%).


Past Performance

How has NextEra Energy Partners performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEP has high quality earnings.

Growing Profit Margin: NEP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NEP's earnings have declined by 19.9% per year over the past 5 years.

Accelerating Growth: NEP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NEP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-4%).


Return on Equity

High ROE: NEP's Return on Equity (13%) is considered low.


Financial Health

How is NextEra Energy Partners's financial position?


Financial Position Analysis

Short Term Liabilities: NEP's short term assets ($529.0M) exceed its short term liabilities ($316.0M).

Long Term Liabilities: NEP's short term assets ($529.0M) do not cover its long term liabilities ($4.1B).


Debt to Equity History and Analysis

Debt Level: NEP's debt to equity ratio (46.5%) is considered high.

Reducing Debt: NEP's debt to equity ratio has reduced from 199.3% to 46.5% over the past 5 years.

Debt Coverage: NEP's debt is not well covered by operating cash flow (17.7%).

Interest Coverage: NEP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is NextEra Energy Partners's current dividend yield, its reliability and sustainability?

3.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NEP's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: NEP's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (3.46%).


Stability and Growth of Payments

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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.7%), NEP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NEP's dividends in 3 years are not forecast to be well covered by earnings (155.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Jim Robo (57 yo)

3.83yrs

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 and serves as its Director since 2017. Mr. Robo was the Cha...


Leadership Team

Experienced Management: NEP's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: NEP's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.8%.


Top Shareholders

Company Information

NextEra Energy Partners, LP's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • NextEra Energy Partners, LP
  • 700 Universe Boulevard
  • Juno Beach
  • Florida
  • 33408
  • United States

Listings


Biography

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. The company owns a portfolio of contracted renewable generation assets consisting of wind and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 06:10
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.