Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on k ...

The latest trading session saw NextEra Energy Partners (NEP) ending at $27.47, denoting a -0.4% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.4%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.6%. Heading into today, shares of the limited partnership for clean-energy projects had gained 12.43% over the past month, outpacing the Oils-Energy sector's loss of 1.57% and the S&P 500's gain of 1.71% i ...

In the latest trading session, NextEra Energy Partners (NEP) closed at $25.32, marking a +0.56% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.54%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 0.65%. Coming into today, shares of the limited partnership for clean-energy projects had gained 0.12% in the past month. In that same time, the Oils-Energy sector lost 3.91%, while the S&P 500 gained 4.86%. Investors will be eagerly wat ...

In the latest trading session, NextEra Energy Partners (NEP) closed at $24.79, marking no change from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.3%. At the same time, the Dow lost 0.54%, and the tech-heavy Nasdaq gained 0.25%. Shares of the limited partnership for clean-energy projects have appreciated by 1.18% over the course of the past month, outperforming the Oils-Energy sector's of 0% and lagging the S&P 500's gain of 3.42%. The upcoming earnings release of ...

NextEra Energy Partners (NEP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this limited partnership for clean-energy projects have returned +1%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Alternative Energy - Other industry, which NextEra Energy Partners falls in, has gained 5.1%. The key ...

NextEra Energy Partners has a strong parent, but the 13% yield looks too risky for my blood. There are some very clear things to like about NextEra Energy Partners (NEP 2.93%), including its lofty 13%+ distribution yield and a decade-long string of annual distribution increases. The truth is, I've been tempted to buy it. However, there's been a huge change in the master limited partnership's (MLP's) business position that holds me back from pulling the trigger. Here's why I'd rather keep this renewable powe ...

It has been about a month since the last earnings report for NextEra Energy Partners (NEP) . Shares have lost about 2.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is NextEra Energy Partners due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. NextEra Energy Partner ...

A double-digit yield is often a big red flag signaling that a cut is forthcoming. NextEra Energy Partners' (NEP 0.12%) dividend currently yields more than 14%. That's 10 times higher than the S&P 500's dividend yield. While a dividend yield in the double digits might seem alluring, it usually signals that the market doesn't believe that the payout's current level is sustainable. I agree with the market that this renewable energy dividend stock will eventually cut its big-time payout. Here's why I predict a ...

Financial Data and Key Metrics Changes - NextEra Energy reported a strong increase of more than 9% year-over-year in adjusted earnings per share, which rose by 9.4% in the first half of the year [9][34] - FPL's earnings per share increased by $0.03 year-over-year, driven by a regulatory capital employed growth of approximately 10.7% [40] - Adjusted EBITDA for NextEra Energy Partners was $560 million, with cash available for distribution at $220 million [53] Business Line Data and Key Metrics Changes - FPL's capital expenditures for the quarter were approximately $2.1 billion, with full-year expectations between $8 billion and $8.8 billion [34] - Energy Resources added over 3,000 megawatts of new renewables and storage projects to its backlog, totaling approximately 22.6 gigawatts [27][37] - Contributions from new investments in Energy Resources increased by $0.12 per share year-over-year, primarily due to growth in the renewables portfolio [42] Market Data and Key Metrics Changes - FPL's retail sales increased by 3.7% year-over-year, attributed to warmer weather, with a weather-normalized growth of approximately 1.1% [41] - The demand for new renewables is projected to triple over the next seven years, driven by a significant increase in power demand across multiple sectors [24][30] - Wind resources for Q2 2024 were approximately 104% of the long-term average, compared to 88% in Q2 2023 [36][54] Company Strategy and Development Direction - The company aims to deliver low-cost clean energy and storage for customers both inside and outside Florida, while building new transmission where required [32] - NextEra Energy is focused on capital recycling around its renewable assets and is exploring partnerships in transmission and gas infrastructure [90] - The strategic focus includes leveraging competitive advantages in renewable energy and storage to meet growing customer demands [25][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting financial expectations and delivering results at or near the top of adjusted EPS ranges through 2027 [50] - The company is well-positioned to capitalize on the growing demand for renewables and storage, particularly in light of the shift towards artificial intelligence and electrification [28][30] - Management highlighted the importance of maintaining a strong relationship with suppliers to mitigate risks associated with supply chain disruptions [81] Other Important Information - NextEra Energy Partners declared a quarterly distribution of $0.95 per common unit, reflecting a 6% increase from the previous year [51] - The partnership has approximately $2.7 billion of liquidity after recent debt repayments [52] - The company expects to grow dividends per share at roughly 10% per year through at least 2026 [50] Q&A Session Summary Question: Update on reserve amortization and earned ROE - Management noted that population growth in Florida has driven increased usage, with regulatory capital employed growing from an expected 9% to around 12% [63][64] Question: Details on the Blackstone financing - The portfolio sold to Blackstone was 1.6 gigawatts of renewable assets, indicating strong demand for NextEra's assets [68][70] Question: Turbine performance and issues - Management emphasized their strong operational partnership with GE, stating that any turbine issues have been well managed [72] Question: NEP's options and timing - Management is exploring various alternatives for NEP, with no immediate need for growth equity until 2027 [75][76] Question: Supply chain challenges - Management expressed confidence in their supply chain strategy, stating that they have effectively transferred risks to suppliers [81][84] Question: Asset recycling strategy - Management is optimistic about capital recycling options, particularly in renewables and transmission [88][90] Question: Trends in PPA pricing - Management noted a positive dynamic in the market, with stable pricing helping to reduce risks [108][109] Question: Hyperscaler deals and Google relationship - Management confirmed ongoing contracts with Google to support data center demand, focusing on wind, solar, and battery storage [118][120]

Revenues The firm continues to foresee 5-8% annual growth in limited partner distributions per unit, with a current target of 6% growth per year, as a reasonable range of expectations through at least 2026. NEP declared a quarterly distribution of 90.5 cents per common unit to an annualized rate of $3.62 to its unit holders. This declaration reflects an annualized increase of nearly 6% from the year-earlier figure. The distribution will be payable on Aug 14, 2024, to unitholders of record as of Aug 6, 2024. ...