Nextera Energy Partners (NYSE:NEP) Coverage Initiated by Analysts at StockNews.com

Posted by Patrick Bannon on Mar 10th, 2025

StockNews.com initiated coverage on shares of Nextera Energy Partners (NYSE:NEP – Free Report) in a report published on Saturday. The brokerage issued a sell rating on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price target (down previously from $22.00) on shares of Nextera Energy Partners in a research report on Monday, February 3rd. Barclays cut their target price on Nextera Energy Partners from $17.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd.

View Our Latest Stock Analysis on Nextera Energy Partners

Nextera Energy Partners Price Performance

The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $983.47 million, a price-to-earnings ratio of -105.15 and a beta of 1.03.

Institutional Investors Weigh In On Nextera Energy Partners

Several hedge funds and other institutional investors have recently made changes to their positions in NEP. Raymond James Financial Inc. acquired a new position in shares of Nextera Energy Partners in the 4th quarter valued at $9,163,000. Amundi lifted its position in Nextera Energy Partners by 90.9% in the fourth quarter. Amundi now owns 414,240 shares of the company’s stock valued at $7,564,000 after purchasing an additional 197,286 shares during the period. Natural Investments LLC acquired a new stake in shares of Nextera Energy Partners in the 4th quarter valued at approximately $504,000. Finally, Prescott Group Capital Management L.L.C. purchased a new position in shares of Nextera Energy Partners in the 4th quarter valued at about $3,916,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

Nextera Energy Partners Company Profile

(Get Free Report)

NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.