NextEra Energy Partners, LP (NEP) Stock Forecast, Price Target & Predictions
NEP Stock Forecast
NextEra Energy Partners, LP stock forecast is as follows: an average price target of $52.63 (represents a 117.48% upside from NEP’s last price of $24.20) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.
NEP Price Target
The average price target for NextEra Energy Partners, LP (NEP) is $52.63 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $95.00 to $20.00. This represents a potential 117.48% upside from NEP's last price of $24.20.
NEP Analyst Ratings
According to 11 Wall Street analysts, NextEra Energy Partners, LP's rating consensus is 'Hold'. The analyst rating breakdown for NEP stock is 0 'Strong Buy' (0.00%), 4 'Buy' (36.36%), 5 'Hold' (45.45%), 2 'Sell' (18.18%), and 0 'Strong Sell' (0.00%).
NextEra Energy Partners, LP Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 31, 2024 | Robert Kad | Morgan Stanley | $20.00 | $26.35 | -24.10% | -17.36% |
| Jul 22, 2024 | James Thalacker | BMO Capital | $28.00 | $27.05 | 3.53% | 15.70% |
| Jul 01, 2024 | Shelby Tucker | RBC Capital | $30.00 | $27.64 | 8.54% | 23.97% |
| Apr 10, 2024 | Betty Jiang | Barclays | $32.00 | $30.35 | 5.44% | 32.23% |
| Sep 28, 2023 | Pavel Molchanov | Raymond James | $50.00 | $31.15 | 60.53% | 106.61% |
| Aug 29, 2023 | Pavel Molchanov | Raymond James | $60.00 | $51.25 | 17.07% | 147.93% |
| Sep 22, 2022 | - | Goldman Sachs | $88.00 | $80.24 | 9.67% | 263.64% |
| Jun 13, 2022 | - | Morgan Stanley | $86.00 | $71.15 | 20.87% | 255.37% |
| Apr 27, 2022 | - | Credit Suisse | $78.00 | $67.75 | 15.13% | 222.31% |
| Apr 20, 2022 | - | Morgan Stanley | $93.00 | $75.27 | 23.56% | 284.30% |
The latest NextEra Energy Partners, LP stock forecast, released on Jul 31, 2024 by Robert Kad from Morgan Stanley, set a price target of $20.00, which represents a -24.10% decrease from the stock price at the time of the forecast ($26.35), and a -17.36% decrease from NEP last price ($24.20).
NextEra Energy Partners, LP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 5 |
| Avg Price Target | - | $26.00 | $32.00 |
| Last Closing Price | $24.20 | $24.20 | $24.20 |
| Upside/Downside | -100.00% | 7.44% | 32.23% |
In the current month, the average price target of NextEra Energy Partners, LP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to NextEra Energy Partners, LP's last price of $24.20. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 31, 2024 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| Jul 25, 2024 | Wolfe Research | - | Peer Perform | Downgrade |
| Jul 22, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 09, 2024 | Raymond James | Outperform | Market Perform | Downgrade |
| Jul 01, 2024 | RBC Capital | Outperform | Sector Perform | Downgrade |
| Jun 13, 2024 | Barclays | - | Underweight | Downgrade |
| Oct 02, 2023 | Wells Fargo | - | Equal-Weight | Downgrade |
| Sep 28, 2023 | Raymond James | Outperform | Outperform | Hold |
| Sep 28, 2023 | Oppenheimer | - | Perform | Downgrade |
| Sep 20, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
NextEra Energy Partners, LP's last stock rating was published by Morgan Stanley on Jul 31, 2024. The company Downgrade its NEP rating from "Equal-Weight" to "Underweight".
NextEra Energy Partners, LP Financial Forecast
NextEra Energy Partners, LP Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $301.00M | $266.00M | $302.00M | - | $281.00M | $231.00M | $252.00M |
| Avg Forecast | $145.51M | $640.14M | $668.28M | $561.54M | $153.46M | $598.83M | $626.30M | $528.89M | $213.76M | $460.45M | $481.01M | $413.18M | $317.54M | $369.63M | $373.86M | $332.39M | $292.40M | $343.40M | $365.54M | $331.78M | $475.41M | $414.16M | $399.76M | $360.45M | $396.90M | $378.40M | $370.40M | $365.69M | $286.76M | $363.03M |
| High Forecast | $159.31M | $700.84M | $731.65M | $614.79M | $168.01M | $655.61M | $685.69M | $579.04M | $234.03M | $504.11M | $526.63M | $452.36M | $347.66M | $404.68M | $409.31M | $363.91M | $320.13M | $402.43M | $400.20M | $363.24M | $547.99M | $561.29M | $437.67M | $394.63M | $434.53M | $414.28M | $370.40M | $456.59M | $358.03M | $453.26M |
| Low Forecast | $130.96M | $576.13M | $601.45M | $505.39M | $138.11M | $538.94M | $563.67M | $476.00M | $192.38M | $414.40M | $432.91M | $371.86M | $285.79M | $332.66M | $336.47M | $299.15M | $263.16M | $270.45M | $328.98M | $298.60M | $403.14M | $336.33M | $359.78M | $324.41M | $357.21M | $340.56M | $370.40M | $320.70M | $251.47M | $318.36M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.67% | 0.80% | - | 0.77% | 0.81% | 0.69% |
NextEra Energy Partners, LP's average Quarter revenue forecast for Jun 23 based on 6 analysts is $399.76M, with a low forecast of $359.78M, and a high forecast of $437.67M. NEP's average Quarter revenue forecast represents a 32.81% increase compared to the company's last Quarter revenue of $301.00M (Mar 23).
NextEra Energy Partners, LP EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $177.00M | $160.00M | $171.00M | - | $176.00M | $3.00M | $149.00M |
| Avg Forecast | $95.15M | $418.58M | $436.98M | $367.19M | $100.35M | $391.57M | $409.53M | $345.84M | $139.77M | $301.08M | $314.53M | $270.18M | $207.64M | $241.70M | $244.46M | $217.35M | $191.20M | $224.55M | $239.02M | $216.95M | $310.86M | $270.82M | $261.40M | $235.70M | $259.53M | $200.61M | $242.20M | $239.12M | $6.45M | $214.56M |
| High Forecast | $104.17M | $458.28M | $478.42M | $402.01M | $109.86M | $428.70M | $448.37M | $378.63M | $153.03M | $329.64M | $344.36M | $295.80M | $227.33M | $264.62M | $267.64M | $237.96M | $209.33M | $263.15M | $261.69M | $237.52M | $358.33M | $367.02M | $286.19M | $258.05M | $284.14M | $240.74M | $242.20M | $298.56M | $7.73M | $257.47M |
| Low Forecast | $85.63M | $376.72M | $393.28M | $330.47M | $90.31M | $352.41M | $368.58M | $311.25M | $125.80M | $270.98M | $283.08M | $243.16M | $186.88M | $217.53M | $220.02M | $195.61M | $172.08M | $176.85M | $215.12M | $195.25M | $263.61M | $219.93M | $235.26M | $212.13M | $233.58M | $160.49M | $242.20M | $209.70M | $5.16M | $171.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.75% | 0.62% | 0.85% | - | 0.74% | 0.47% | 0.69% |
6 analysts predict NEP's average Quarter EBITDA for Jun 23 to be $261.40M, with a high of $286.19M and a low of $235.26M. This is 47.68% upper than NextEra Energy Partners, LP's previous annual EBITDA (Mar 23) of $177.00M.
NextEra Energy Partners, LP Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-151.00M | $18.00M | $232.00M | - | $333.00M | $-39.00M | $18.00M |
| Avg Forecast | $-127.91M | $163.63M | $180.22M | $117.31M | $-116.47M | $146.03M | $162.22M | $104.81M | $-3.55M | $8.95M | $27.45M | $8.67M | $35.68M | $54.26M | $61.27M | $37.73M | $24.46M | $52.88M | $70.16M | $314.72M | $38.33M | $46.79M | $77.09M | $336.60M | $56.11M | $24.24M | $43.52M | $360.00M | $-19.34M | $25.92M |
| High Forecast | $-111.28M | $183.80M | $202.43M | $131.77M | $-101.33M | $164.03M | $182.22M | $117.73M | $-3.09M | $10.05M | $30.84M | $9.74M | $40.08M | $60.95M | $68.82M | $42.38M | $27.47M | $111.98M | $78.81M | $377.67M | $945.44M | $90.45M | $86.59M | $403.92M | $63.03M | $29.08M | $43.52M | $432.00M | $-15.47M | $31.10M |
| Low Forecast | $-143.68M | $142.36M | $156.79M | $102.06M | $-130.83M | $127.04M | $141.13M | $91.18M | $-3.99M | $7.79M | $23.88M | $7.55M | $31.04M | $47.21M | $53.30M | $32.83M | $21.28M | $7.26M | $61.04M | $251.78M | $-677.14M | $9.36M | $67.07M | $269.28M | $48.82M | $19.39M | $43.52M | $288.00M | $-23.20M | $20.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.45% | 0.32% | 9.57% | - | 0.93% | 2.02% | 0.69% |
NextEra Energy Partners, LP's average Quarter net income forecast for Mar 23 is $336.60M, with a range of $269.28M to $403.92M. NEP's average Quarter net income forecast represents a 1770.00% increase compared to the company's last Quarter net income of $18.00M (Dec 22).
NextEra Energy Partners, LP SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $388.28K | $1.71M | $1.78M | $1.50M | $409.50K | $1.60M | $1.67M | $1.41M | $570.39K | $1.23M | $1.28M | $1.10M | $847.34K | $986.32K | $997.61K | $886.95K | $780.26K | $916.33K | $975.41K | $885.33K | $1.27M | $1.11M | $1.07M | $961.83K | $1.06M | $1.01M | $988.39K | $840.13K | $658.78K | $834.01K |
| High Forecast | $425.10K | $1.87M | $1.95M | $1.64M | $448.33K | $1.75M | $1.83M | $1.55M | $624.48K | $1.35M | $1.41M | $1.21M | $927.69K | $1.08M | $1.09M | $971.05K | $854.25K | $1.07M | $1.07M | $969.28K | $1.46M | $1.50M | $1.17M | $1.05M | $1.16M | $1.11M | $988.39K | $1.05M | $822.53K | $1.04M |
| Low Forecast | $349.45K | $1.54M | $1.60M | $1.35M | $368.55K | $1.44M | $1.50M | $1.27M | $513.36K | $1.11M | $1.16M | $992.29K | $762.61K | $887.69K | $897.85K | $798.25K | $702.23K | $721.69K | $877.87K | $796.80K | $1.08M | $897.48K | $960.05K | $865.65K | $953.18K | $908.75K | $988.39K | $736.76K | $577.73K | $731.39K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
NextEra Energy Partners, LP's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to NEP last annual SG&A of $NaN (undefined).
NextEra Energy Partners, LP EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 7 | 6 | 3 | 2 | 2 | 2 | 3 | 4 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.73 | $0.21 | $2.73 | - | $3.97 | $-0.51 | $0.24 |
| Avg Forecast | $-1.37 | $1.75 | $1.93 | $1.25 | $-1.25 | $1.56 | $1.73 | $1.12 | $-0.04 | $0.10 | $0.29 | $0.09 | $0.38 | $0.58 | $0.66 | $0.40 | $0.26 | $0.57 | $0.75 | $0.28 | $0.41 | $0.50 | $0.82 | $0.47 | $0.60 | $0.58 | $0.47 | $0.40 | $0.32 | $0.63 |
| High Forecast | $-1.19 | $1.97 | $2.17 | $1.41 | $-1.08 | $1.75 | $1.95 | $1.26 | $-0.03 | $0.11 | $0.33 | $0.10 | $0.43 | $0.65 | $0.74 | $0.45 | $0.29 | $1.20 | $0.84 | $0.31 | $10.11 | $0.97 | $0.93 | $0.53 | $0.67 | $0.65 | $0.47 | $0.53 | $0.42 | $0.83 |
| Low Forecast | $-1.54 | $1.52 | $1.68 | $1.09 | $-1.40 | $1.36 | $1.51 | $0.98 | $-0.04 | $0.08 | $0.26 | $0.08 | $0.33 | $0.50 | $0.57 | $0.35 | $0.23 | $0.08 | $0.65 | $0.24 | $-7.24 | $0.10 | $0.72 | $0.41 | $0.52 | $0.51 | $0.47 | $0.33 | $0.27 | $0.53 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.67% | 0.35% | 4.70% | - | 9.96% | -1.60% | 0.38% |
According to 3 Wall Street analysts, NextEra Energy Partners, LP's projected average Quarter EPS for Mar 23 is $0.47, with a low estimate of $0.41 and a high estimate of $0.53. This represents a 124.64% increase compared to NEP previous annual EPS of $0.21 (Dec 22).
NextEra Energy Partners, LP Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NEP | NextEra Energy Partners, LP | $26.34 | $52.63 | 99.81% | Hold |
| BEP | Brookfield Renewable Partners | $24.30 | $37.12 | 52.76% | Buy |
| AQN | Algonquin Power & Utilities | $5.21 | $7.53 | 44.53% | Hold |
| CWEN | Clearway Energy | $27.49 | $35.00 | 27.32% | Buy |
| AY | Atlantica Sustainable Infrastructure | $21.85 | $25.40 | 16.25% | Hold |
NEP Forecast FAQ
Is NextEra Energy Partners, LP a good buy?
No, according to 11 Wall Street analysts, NextEra Energy Partners, LP (NEP) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 36.36% of NEP's total ratings.
What is NEP's price target?
NextEra Energy Partners, LP (NEP) average price target is $52.63 with a range of $20 to $95, implying a 117.48% from its last price of $24.2. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will NextEra Energy Partners, LP stock go up soon?
According to Wall Street analysts' prediction for NEP stock, the company can go up by 117.48% (from the last price of $24.2 to the average price target of $52.63), up by 292.56% based on the highest stock price target, and down by -17.36% based on the lowest stock price target.
Can NextEra Energy Partners, LP stock reach $40?
NEP's average twelve months analyst stock price target of $52.63 supports the claim that NextEra Energy Partners, LP can reach $40 in the near future.
What are NextEra Energy Partners, LP's analysts' financial forecasts?
NextEra Energy Partners, LP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.91B (high $2.09B, low $1.72B), average EBITDA is $1.25B (high $1.37B, low $1.12B), average net income is $296.58M (high $362.64M, low $228.52M), average SG&A $5.09M (high $5.57M, low $4.58M), and average EPS is $3.17 (high $3.88, low $2.44). NEP's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $2.02B (high $2.21B, low $1.81B), average EBITDA is $1.32B (high $1.44B, low $1.19B), average net income is $333.25M (high $406.72M, low $257.53M), average SG&A $5.38M (high $5.89M, low $4.84M), and average EPS is $3.56 (high $4.35, low $2.75).
Did the NEP's actual financial results beat the analysts' financial forecasts?
Based on NextEra Energy Partners, LP's last annual report (Dec 2022), the company's revenue was $1.21B, which missed the average analysts forecast of $1.51B by -19.88%. Apple's EBITDA was $698M, missing the average prediction of $941.47M by -25.86%. The company's net income was $1.12B, beating the average estimation of $483.87M by 131.68%. Apple's SG&A was $0, missing the average forecast of $3.9M by -100.00%. Lastly, the company's EPS was $14.63, beating the average prediction of $2.05 by 615.32%. In terms of the last quarterly report (Mar 2023), NextEra Energy Partners, LP's revenue was $301M, missing the average analysts' forecast of $360.45M by -16.49%. The company's EBITDA was $177M, missing the average prediction of $235.7M by -24.90%. NextEra Energy Partners, LP's net income was $-151M, missing the average estimation of $336.6M by -144.86%. The company's SG&A was $0, missing the average forecast of $961.83K by -100.00%. Lastly, the company's EPS was $-1.73, missing the average prediction of $0.472 by -466.72%