Sucio Resigns From NextEra Energy Partner (NEP, $39.89) Board, Bryne Replaces Him
James Sucio resigned from NextEra Energy Partners' board. Sucio served as independent director of the NextEra Energy subsidiary's audit committee since last year. Sucio is being replaced by Robert J. Bryne, director of Masonite International Corp.
Bryne has been with Masonite since 2009. Prior to that, he founded Power Pro-Tech Services Inc. which was later sold to PowerSecure in 2017. From 1999 to 2001, he was the executive VP and CFO of EPIK Communications. Bryne had also initially served for three years on the board of the general partner of NextEra Energy Partners.
Parent company NextEra Energy ranks amongst the largest energy companies in the U.S. , and has revenues of over $17 billion (as of 2017).
NEP in upward trend: price may jump up because it broke its lower Bollinger Band on April 26, 2023
NEP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 38 cases where NEP's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NEP's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for NEP just turned positive on May 09, 2023. Looking at past instances where NEP's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
NEP moved above its 50-day moving average on May 30, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where NEP advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 312 cases where NEP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NEP as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 10-day moving average for NEP crossed bearishly below the 50-day moving average on May 30, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NEP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.552) is normal, around the industry mean (3.040). P/E Ratio (15.949) is within average values for comparable stocks, (57.772). Projected Growth (PEG Ratio) (4.175) is also within normal values, averaging (2.551). Dividend Yield (0.054) settles around the average of (0.045) among similar stocks. P/S Ratio (4.149) is also within normal values, averaging (162.734).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. NEP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company which operates, owns and acquires contracted clean energy projects with stable, long-term cash flows
Industry AlternativePowerGeneration
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| AAA | 24.58 | N/A | N/A |
| AXS First Priority CLO Bond ETF | |||
| SPMD | 42.81 | -0.04 | -0.09% |
| SPDR® Portfolio S&P 400 Mid Cap ETF | |||
| GAA | 26.12 | -0.11 | -0.43% |
| Cambria Global Asset Allocation ETF | |||
| EYLD | 28.04 | -0.22 | -0.78% |
| Cambria Emerging Shareholder Yield ETF | |||
| DNL | 34.92 | -0.52 | -1.47% |
| WisdomTree Global ex-US Qual Div Gr ETF | |||
NEP and
Correlation & Price change
A.I.dvisor indicates that over the last year, NEP has been closely correlated with CWEN. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if NEP jumps, then CWEN could also see price increases.
| Ticker / NAME | Correlation To NEP | 1D Price Change % | ||
|---|---|---|---|---|
| NEP | 100% | +2.06% | ||
| CWEN - NEP | 67% Closely correlated | +0.17% | ||
| AY - NEP | 62% Loosely correlated | +0.85% | ||
| BEP - NEP | 52% Loosely correlated | +0.02% | ||
| BEPC - NEP | 51% Loosely correlated | +0.35% | ||
| ORA - NEP | 48% Loosely correlated | +1.19% | ||
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