NextEra Energy Partners (NEP) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Overview - NextEra Energy Partners (NEP) closed at $17.49, reflecting a -0.68% change from the previous trading day, underperforming compared to the S&P 500's gain of 0.73% [1] - The stock has increased by 4.95% over the past month, contrasting with the Oils-Energy sector's decline of 9.2% and the S&P 500's gain of 0.34% [7] Financial Performance Expectations - Analysts expect NextEra Energy Partners to report earnings of $0.60 per share, indicating a year-over-year growth of 271.43% [2] - The consensus estimate for revenue is projected at $347.33 million, reflecting a 49.71% increase from the same quarter last year [2] - For the entire fiscal year, earnings are expected to be $1.96 per share and revenue at $1.28 billion, showing changes of +476.47% and +2.67% respectively from the previous year [8] Analyst Sentiment and Estimates - Recent revisions to analyst estimates indicate positive sentiment towards NextEra Energy Partners, suggesting optimism regarding the company's business and profitability [3] - The Zacks Consensus EPS estimate has risen by 3.52% over the past month, with NextEra Energy Partners currently holding a Zacks Rank of 3 (Hold) [4] Valuation Metrics - NextEra Energy Partners is currently trading at a Forward P/E ratio of 8.98, significantly lower than the industry average of 24.2, indicating it is trading at a discount compared to its peers [10] Industry Context - NextEra Energy Partners operates within the Alternative Energy - Other industry, which is part of the Oils-Energy sector, currently holding a Zacks Industry Rank of 125, placing it in the top 50% of over 250 industries [5]