tiprankstipranks
Blurbs

Nextera Energy Partners (NEP) Receives a Rating Update from a Top Analyst

In a report released today, Shelby Tucker from RBC Capital maintained a Buy rating on Nextera Energy Partners (NEPResearch Report), with a price target of $87.00. The company’s shares opened today at $72.82.

According to TipRanks, Tucker is a top 100 analyst with an average return of 11.8% and a 72.75% success rate. Tucker covers the Utilities sector, focusing on stocks such as NextEra Energy, Nextera Energy Partners, and American Electric Power.

In addition to RBC Capital, Nextera Energy Partners also received a Buy from Oppenheimer’s Noah Kaye in a report issued on January 26. However, on January 23, Morgan Stanley maintained a Hold rating on Nextera Energy Partners (NYSE: NEP).

See Insiders’ Hot Stocks on TipRanks >>

Based on Nextera Energy Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $266 million and a net profit of $35 million. In comparison, last year the company earned a revenue of $231 million and had a GAAP net loss of $9 million

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.

NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

Read More on NEP:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles