NYSE:NEP

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NextEra Energy Partners

Executive Summary

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. More Details


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.5%

NEP

-5.8%

US Renewable Energy

-5.3%

US Market


1 Year Return

19.1%

NEP

3.8%

US Renewable Energy

10.4%

US Market

Return vs Industry: NEP exceeded the US Renewable Energy industry which returned 5.2% over the past year.

Return vs Market: NEP exceeded the US Market which returned 12% over the past year.


Shareholder returns

NEPIndustryMarket
7 Day-3.5%-5.8%-5.3%
30 Day5.0%2.6%-2.1%
90 Day1.0%9.7%1.7%
1 Year23.9%19.1%7.0%3.8%12.9%10.4%
3 Year83.4%64.3%43.7%31.9%34.3%25.4%
5 Year176.0%126.4%118.8%79.8%73.7%54.3%

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

Valuation

Is NextEra Energy Partners undervalued compared to its fair value and its price relative to the market?

22.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEP ($62.8) is trading below our estimate of fair value ($80.82)

Significantly Below Fair Value: 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 US 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

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 good value based on its PB Ratio (2.1x) compared to the US Renewable Energy industry average (2.8x).


Next Steps

Future Growth

How is NextEra Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

112.1%

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 (2.2%).

Earnings vs Market: NEP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NEP's is expected to become profitable in the next 3 years.

Revenue vs Market: NEP's revenue (15.8% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: NEP's revenue (15.8% 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 (6.6%).


Next Steps

Past Performance

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

-46.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEP is currently unprofitable.

Growing Profit Margin: NEP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NEP is unprofitable, and losses have increased over the past 5 years at a rate of 46.6% 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 (-21.3%).


Return on Equity

High ROE: NEP has a negative Return on Equity (-4.67%), as it is currently unprofitable.


Next Steps

Financial Health

How is NextEra Energy Partners's financial position?


Financial Position Analysis

Short Term Liabilities: NEP's short term assets ($480.0M) exceed its short term liabilities ($363.0M).

Long Term Liabilities: NEP's short term assets ($480.0M) do not cover its long term liabilities ($5.2B).


Debt to Equity History and Analysis

Debt Level: NEP's debt to equity ratio (72.6%) is considered high.

Reducing Debt: NEP's debt to equity ratio has reduced from 117.1% to 72.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NEP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NEP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 46.2% per year.


Next Steps

Dividend

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

3.79%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: NEP's dividend (3.79%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: NEP's dividend (3.79%) is low compared to the top 25% of dividend payers in the US market (4.78%).


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 6 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 (195.9% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Jim Robo (57 yo)

3.17yrs

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

NamePositionTenureCompensationOwnership
James Robo
Chairman & CEO3.17yrsno data0.26%
$ 12.0m
John Ketchum
President & Director3.17yrsno data0.018%
$ 858.3k
Rebecca Kujawa
CFO & Director1.58yrsno data0.0075%
$ 349.4k
James May
Controller & Chief Accounting Officer1.58yrsno data0.00080%
$ 37.4k
Matthew Roskot
Director of Investor Relationsno datano datano data
Charles Sieving
General Counsel3.17yrsno data0.041%
$ 1.9m
Mark Hickson
Executive VP of Strategy & Corporate Development and Director3.17yrsno data0.018%
$ 860.1k
Paul Cutler
Treasurer & Assistant Secretary3.17yrsno data0.056%
$ 2.6m
William Seeley
Corporate Secretary of Nextera Energy Partners GP Incno datano datano data

3.2yrs

Average Tenure

49yo

Average Age

Experienced Management: NEP's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Robo
Chairman & CEO3.17yrsno data0.26%
$ 12.0m
John Ketchum
President & Director3.17yrsno data0.018%
$ 858.3k
Rebecca Kujawa
CFO & Director1.58yrsno data0.0075%
$ 349.4k
Mark Hickson
Executive VP of Strategy & Corporate Development and Director3.17yrsno data0.018%
$ 860.1k
Robert Byrne
Independent Director1.83yrsUS$205.10k0.034%
$ 1.6m
Peter Kind
Independent Director3.17yrsUS$205.10k0.034%
$ 1.6m
Susan Austin
Independent Director3.17yrsUS$190.10k0.024%
$ 1.1m

3.2yrs

Average Tenure

53yo

Average Age

Experienced Board: NEP's board of directors are considered experienced (3.2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.


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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NEPNYSE (New York Stock Exchange)YesCommon UnitsUSUSDJun 2014
1N6DB (Deutsche Boerse AG)YesCommon UnitsDEEURJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 01:04
End of Day Share Price2020/10/30 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.