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NextEra Energy Partners, LP (NEP) Stock Forecast, Price Target & Predictions

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NEP Stock Forecast

NextEra Energy Partners, LP stock forecast is as follows: an average price target of $46.00 (represents a 176.11% upside from NEP’s last price of $16.66) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.

NEP Price Target

The average price target for NextEra Energy Partners, LP (NEP) is $46.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $95.00 to $20.00. This represents a potential 176.11% upside from NEP's last price of $16.66.

NEP Analyst Ratings

Hold

According to 13 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' (30.77%), 7 'Hold' (53.85%), 2 'Sell' (15.38%), and 0 'Strong Sell' (0.00%).

NextEra Energy Partners, LP Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Mark JarviCIBC$32.00$25.0028.00%92.08%
Oct 21, 2024James ThalackerBMO Capital$26.00$25.731.03%56.06%
Sep 30, 2024William GrippinUBS$27.00$28.11-3.95%62.06%
Sep 18, 2024Julien Dumoulin-SmithJefferies$28.00$25.848.36%68.07%
Jul 31, 2024Robert KadMorgan Stanley$20.00$26.35-24.10%20.05%
Jul 22, 2024James ThalackerBMO Capital$28.00$27.053.53%68.07%
Jul 01, 2024Shelby TuckerRBC Capital$30.00$27.648.54%80.07%
Apr 10, 2024Betty JiangBarclays$32.00$30.355.44%92.08%
Sep 28, 2023Pavel MolchanovRaymond James$50.00$31.1560.53%200.12%
Aug 29, 2023Pavel MolchanovRaymond James$60.00$51.2517.07%260.14%
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The latest NextEra Energy Partners, LP stock forecast, released on Oct 22, 2024 by Mark Jarvi from CIBC, set a price target of $32.00, which represents a 28.00% increase from the stock price at the time of the forecast ($25.00), and a 92.08% increase from NEP last price ($16.66).

NextEra Energy Partners, LP Price Target by Period

1M3M12M
# Anlaysts248
Avg Price Target$29.00$28.25$27.88
Last Closing Price$16.66$16.66$16.66
Upside/Downside74.07%69.57%67.35%

In the current month, the average price target of NextEra Energy Partners, LP stock is $29.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 74.07% increase as opposed to NextEra Energy Partners, LP's last price of $16.66. This month's average price target is up 2.65% compared to last quarter, and up 4.02% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024CIBCNeutralNeutralHold
Oct 21, 2024BMO CapitalOutperformOutperformHold
Oct 01, 2024Exane BNP Paribas-UnderperformInitialise
Sep 30, 2024UBSNeutralNeutralHold
Sep 18, 2024Jefferies-BuyInitialise
Jul 31, 2024Morgan StanleyEqual-WeightUnderweightDowngrade
Jul 25, 2024Wolfe Research-Peer PerformDowngrade
Jul 22, 2024BMO CapitalOutperformOutperformHold
Jul 09, 2024Raymond JamesOutperformMarket PerformDowngrade
Jul 01, 2024RBC CapitalOutperformSector PerformDowngrade
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NextEra Energy Partners, LP's last stock rating was published by CIBC on Oct 22, 2024. The company gave NEP a "Neutral" rating, the same as its previous rate.

NextEra Energy Partners, LP Financial Forecast

NextEra Energy Partners, LP Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue-----------------------$301.00M$266.00M$302.00M$362.00M$281.00M$231.00M$252.00M
Avg Forecast$145.51M$640.14M$668.28M$561.54M$237.54M$404.63M$424.57M$337.23M$248.67M$373.41M$391.04M$321.42M$402.00M$353.28M$370.64M$317.12M$291.20M$332.25M$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$216.13M$950.84M$992.64M$834.10M$352.84M$601.02M$630.64M$500.91M$369.36M$554.65M$580.84M$477.42M$597.11M$524.74M$550.53M$358.78M$512.59M$337.82M$365.54M$331.78M$547.99M$561.29M$593.79M$535.40M$589.54M$378.40M$370.40M$365.69M$286.76M$363.03M
Low Forecast$115.22M$506.91M$529.19M$444.67M$188.11M$320.41M$336.20M$267.04M$196.91M$295.69M$309.65M$254.52M$318.33M$279.75M$293.50M$282.06M$212.55M$326.68M$365.54M$331.78M$403.14M$336.33M$316.56M$285.43M$314.29M$378.40M$370.40M$365.69M$286.76M$363.03M
# Analysts111122222222111463445763222234
Surprise %-----------------------0.84%0.67%0.80%0.98%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 $316.56M, and a high forecast of $593.79M. 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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111463445763222234
EBITDA-----------------------$177.00M$160.00M$171.00M$223.00M$176.00M$3.00M$149.00M
Avg Forecast$95.15M$418.58M$436.98M$367.19M$155.33M$264.58M$277.62M$220.51M$162.60M$244.17M$255.70M$210.17M$262.86M$231.00M$242.36M$207.37M$190.41M$217.26M$239.02M$216.95M$310.86M$270.82M$261.40M$235.70M$7.09M$247.43M$242.20M$239.12M$187.51M$237.38M
High Forecast$141.33M$621.75M$649.08M$545.41M$230.72M$393.00M$412.37M$327.54M$241.52M$362.68M$379.80M$312.18M$390.45M$343.13M$359.99M$234.60M$335.18M$220.90M$239.02M$216.95M$358.33M$367.02M$388.27M$350.10M$8.51M$247.43M$242.20M$239.12M$187.51M$237.38M
Low Forecast$75.34M$331.47M$346.04M$290.77M$123.00M$209.52M$219.84M$174.62M$128.76M$193.35M$202.48M$166.43M$208.15M$182.93M$191.92M$184.44M$138.99M$213.61M$239.02M$216.95M$263.61M$219.93M$207.00M$186.64M$5.67M$247.43M$242.20M$239.12M$187.51M$237.38M
Surprise %-----------------------0.75%22.57%0.69%0.92%0.74%0.02%0.63%

6 analysts predict NEP's average Quarter EBITDA for Jun 23 to be $261.40M, with a high of $388.27M and a low of $207.00M. 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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111463445763222234
Net Income-----------------------$-151.00M$18.00M$232.00M$538.00M$333.00M$-39.00M$18.00M
Avg Forecast$-127.91M$163.63M$180.22M$117.31M$-116.47M$146.03M$162.22M$104.81M$-892.74K$-1.51M$59.43M$28.78M$76.37M$42.71M$44.66M$20.66M$61.18M$40.35M$70.16M$314.72M$38.33M$46.79M$77.09M$336.60M$-21.27M$54.32M$43.52M$360.00M$29.72M$58.87M
High Forecast$-93.30M$266.88M$293.93M$191.32M$-84.96M$238.17M$264.58M$170.94M$-651.20K$-1.10M$96.92M$46.95M$124.55M$69.65M$72.84M$599.11M$294.87M$65.81M$70.18M$377.67M$945.44M$90.45M$125.73M$403.92M$-17.02M$54.32M$43.52M$432.00M$29.72M$58.87M
Low Forecast$-208.62M$119.36M$131.46M$85.57M$-189.97M$106.52M$118.33M$76.45M$-1.46M$-2.46M$43.35M$21.00M$55.70M$31.15M$32.58M$-867.67M$-124.80M$29.43M$70.14M$251.78M$-677.14M$9.36M$56.23M$269.28M$-25.52M$54.32M$43.52M$288.00M$29.72M$58.87M
Surprise %------------------------0.45%-0.85%4.27%12.36%0.93%-1.31%0.31%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111463445763222234
SG&A------------------------------
Avg Forecast$388.28K$1.71M$1.78M$1.50M$633.87K$1.08M$1.13M$899.87K$663.55K$996.41K$1.04M$857.68K$1.07M$942.69K$989.02K$846.22K$777.05K$886.58K$975.41K$885.33K$1.27M$1.11M$1.07M$961.83K$1.06M$1.01M$988.39K$975.82K$765.18K$968.71K
High Forecast$576.74K$2.54M$2.65M$2.23M$941.53K$1.60M$1.68M$1.34M$985.61K$1.48M$1.55M$1.27M$1.59M$1.40M$1.47M$957.38K$1.37M$901.46K$975.41K$885.33K$1.46M$1.50M$1.58M$1.43M$1.57M$1.01M$988.39K$975.82K$765.18K$968.71K
Low Forecast$307.47K$1.35M$1.41M$1.19M$501.94K$855.00K$897.13K$712.58K$525.45K$789.04K$826.29K$679.17K$849.44K$746.49K$783.18K$752.66K$567.18K$871.71K$975.41K$885.33K$1.08M$897.48K$844.71K$761.65K$838.67K$1.01M$988.39K$975.82K$765.18K$968.71K
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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122222222111463445763222234
EPS-----------------------$-1.73$0.21$2.73$6.41$3.97$-0.51$0.24
Avg Forecast$-1.37$1.75$1.93$1.25$-1.25$1.56$1.73$1.12$-0.01$-0.02$0.64$0.31$0.82$0.46$0.48$0.22$0.65$0.43$0.75$0.28$0.41$0.50$0.82$0.47$0.60$0.58$0.47$0.40$0.32$0.63
High Forecast$-1.00$2.85$3.14$2.05$-0.91$2.55$2.83$1.83$-0.01$-0.01$1.04$0.50$1.33$0.74$0.78$6.41$3.15$0.70$0.75$0.45$10.11$0.97$1.34$0.77$0.98$0.58$0.47$0.40$0.32$0.63
Low Forecast$-2.23$1.28$1.41$0.92$-2.03$1.14$1.27$0.82$-0.02$-0.03$0.46$0.22$0.60$0.33$0.35$-9.28$-1.33$0.31$0.75$0.20$-7.24$0.10$0.60$0.34$0.44$0.58$0.47$0.40$0.32$0.63
Surprise %------------------------3.67%0.35%4.70%13.77%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 $0.34 and a high estimate of $0.77. 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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NEPNextEra Energy Partners, LP$26.34$46.0074.64%Hold
AQNAlgonquin Power & Utilities$4.73$7.2553.28%Hold
BEPBrookfield Renewable Partners$25.29$35.3339.70%Buy
CWENClearway Energy$26.95$35.0029.87%Buy
AYAtlantica Sustainable Infrastructure$22.10$25.4014.93%Hold

NEP Forecast FAQ

Is NextEra Energy Partners, LP a good buy?

No, according to 13 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 30.77% of NEP's total ratings.

What is NEP's price target?

NextEra Energy Partners, LP (NEP) average price target is $46 with a range of $20 to $95, implying a 176.11% from its last price of $16.66. The data is based on 13 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 176.11% (from the last price of $16.66 to the average price target of $46), up by 470.23% based on the highest stock price target, and up by 20.05% based on the lowest stock price target.

Can NextEra Energy Partners, LP stock reach $20?

NEP's average twelve months analyst stock price target of $46 supports the claim that NextEra Energy Partners, LP can reach $20 in the near future.

What is NextEra Energy Partners, LP's current price target trend?

2 Wall Street analysts forecast a $29 price target for NextEra Energy Partners, LP (NEP) this month, up 74.07% from its last price of $16.66. Compared to the last 3 and 12 months, the average price target increased by 69.57% and increased by 67.35%, respectively.

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 $1.4B (high $2.09B, low $1.11B), average EBITDA is $918.04M (high $1.36B, low $726.97M), average net income is $296.58M (high $588.72M, low $111.33M), average SG&A $3.75M (high $5.56M, low $2.97M), and average EPS is $3.17 (high $6.3, low $1.19). NEP's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $2.02B (high $2.99B, low $1.6B), average EBITDA is $1.32B (high $1.96B, low $1.04B), average net income is $333.25M (high $658.83M, low $127.77M), average SG&A $5.38M (high $7.99M, low $4.26M), and average EPS is $3.56 (high $7.05, low $1.37).

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 $735.85M by -5.14%. The company's net income was $1.12B, beating the average estimation of $436.56M by 156.78%. Apple's SG&A was $0, missing the average forecast of $4.03M 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%