There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Nextera Energy Partners (NEP – Research Report) and Brookfield Renewable Partners (BEP – Research Report) with bullish sentiments.
Nextera Energy Partners (NEP)
In a report issued on April 19, Shelby Tucker from RBC Capital maintained a Buy rating on Nextera Energy Partners, with a price target of $38.00. The company’s shares closed last Monday at $27.46, close to its 52-week low of $20.17.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nextera Energy Partners with a $32.50 average price target.
See the top stocks recommended by analysts >>
Brookfield Renewable Partners (BEP)
In a report issued on April 19, Nelson Ng from RBC Capital maintained a Buy rating on Brookfield Renewable Partners, with a price target of $29.00. The company’s shares closed last Monday at $21.06, close to its 52-week low of $19.92.
According to TipRanks.com, Ng is ranked #2015 out of 8786 analysts.
Currently, the analyst consensus on Brookfield Renewable Partners is a Strong Buy with an average price target of $28.88.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on NEP:
- What You Missed This Week in EVs and Clean Energy
- NextEra Energy Partners initiated with an Equal Weight at Barclays
- NextEra Energy Partners price target lowered to $45 from $50 at Raymond James
- Clearway Energy price target raised to $25 from $23 at Morgan Stanley
- NextEra Energy Partners price target lowered to $15 from $15.50 at Seaport Research
