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NEP
Stock ticker: NYSE
AS OF
Dec 17, 04:59 PM (EDT)
Price
$17.64
Change
-$0.22 (-1.23%)
Capitalization
2.77B

NEP NextEra Energy Partners LP Forecast, Technical & Fundamental Analysis

a company which operates, owns and acquires contracted clean energy projects with stable, long-term cash flows

NEP
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for NEP with price predictions
Dec 17, 2024

Momentum Indicator for NEP turns negative, indicating new downward trend

NEP saw its Momentum Indicator move below the 0 level on December 16, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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 .

NEP broke above its upper Bollinger Band on December 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Moving Average Convergence Divergence (MACD) for NEP just turned positive on November 21, 2024. Looking at past instances where NEP's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NEP advanced for three days, in of 288 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 249 cases where NEP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (0.776) is normal, around the industry mean (1.840). P/E Ratio (87.118) is within average values for comparable stocks, (101.961). Projected Growth (PEG Ratio) (4.175) is also within normal values, averaging (2.971). Dividend Yield (0.116) settles around the average of (0.052) among similar stocks. P/S Ratio (2.517) is also within normal values, averaging (23.914).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NEP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably 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 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.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NEP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.

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NEP
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A.I. Advisor
published Earnings

NEP is expected to report earnings to fall 287.72% to 80 cents per share on January 24

NextEra Energy Partners LP NEP Stock Earnings Reports
Q4'24
Est.
$0.81
Q3'24
Missed
by $1.02
Q2'24
Beat
by $0.04
Q1'24
Beat
by $0.50
Q4'23
Missed
by $0.77
The last earnings report on October 23 showed earnings per share of -43 cents, missing the estimate of 58 cents. With 965.59K shares outstanding, the current market capitalization sits at 2.77B.
A.I.Advisor
published Dividends

NEP paid dividends on November 14, 2024

NextEra Energy Partners LP NEP Stock Dividends
А dividend of $0.92 per share was paid with a record date of November 14, 2024, and an ex-dividend date of November 06, 2024. Read more...
A.I. Advisor
published General Information

General Information

a company which operates, owns and acquires contracted clean energy projects with stable, long-term cash flows

Industry AlternativePowerGeneration

Profile
Fundamentals
Details
Industry
Alternative Power Generation
Address
700 Universe Boulevard
Phone
+1 561 694-4000
Employees
N/A
Web
http://www.nexteraenergypartners.com
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NEP and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, NEP has been loosely correlated with CWEN. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if NEP jumps, then CWEN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NEP
1D Price
Change %
NEP100%
-1.18%
CWEN - NEP
56%
Loosely correlated
-2.50%
ORA - NEP
52%
Loosely correlated
-2.19%
BEP - NEP
52%
Loosely correlated
-1.43%
BEPC - NEP
48%
Loosely correlated
-0.78%
AQN - NEP
46%
Loosely correlated
-1.11%
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