Let‘s see how much they like to cut rates! Could really help this one
Nextera Energy Partners UnitsUS65341B1061NEPNEP
$NEP : A controversial Buy (Maybe)
Here are my thoughts from the recent earnings call:
Growth: NEP expects 6-8% annual growth through 2027.
Cash Flow: Operating cash flow should match or exceed EPS growth.
Dividends: ~10% annual dividend growth through 2026.
With imminent rate cuts, lower borrowing costs could boost NEP’s profitability even more and help them to stabalize. NEP with still solid growth, strong cash flow, and rising dividends make it an interesting buy in my opinion.
Financials
Market Cap
$2.42B5Y beta
1.02EPS (TTM)
$3.178Free Float
84.44MP/E ratio (TTM)
8.13Revenue (TTM)
$1.04BEBITDA (TTM)
$544.00MFree Cashflow (TTM)
-$618.00MPricing
Analyst Ratings
The price target is $32.00 and the stock is covered by 15 analysts.
Buy
4
Hold
8
Sell
3
Information
NextEra Energy Partners, LP is a growth-oriented limited partnership. The Company owns a controlling, non-economic general partner interest and a 48.6% limited partner interest in NEP OpCo. Through NEP OpCo, the Company owns, or has a partial ownership interest in, a portfolio of contracted renewable energy assets consisting of wind, solar and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets (pipeline investment).