Nextera Energy Partners LP (NYSE:NEP) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 2, 2016
Boasting a price of $28.21, Nextera Energy Partners LP (NYSE:NEP) traded 0.43% higher on the day. With the last stock price down -3.32% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $29.56 and a 200-day moving average of $28.93. 493,612 shares of the stock were exchanged, up from an average trading volume of 334,716
Zacks Investment Research has downgraded Nextera Energy Partners LP (NYSE:NEP) to Sell in a statement released on 9/28/2016.
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Nextera Energy Partners LP has a 52 week low of $22.25 and a 52 week high of $32.42 with a P/E ratio of 47.49 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 16 firms have issued a report on the stock. The consensus target price is $34.63 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Nextera Energy Partners LP (NYSE:NEP)
Nextera Energy Partners, LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as approximately seven contracted natural gas pipeline assets. The Company's contracted renewable energy projects portfolio includes approximately 2,656 megawatts (MW). The Company's natural gas pipelines in the portfolio serve power producers and municipalities in South Texas; processing plants and producers in the Eagle Ford Shale, and residential, commercial and industrial customers in the Houston area. The Company is a subsidiary of NextEra Energy, Inc., which is a clean energy company.
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