Down -33.54% in 4 Weeks, Here's Why You Should You Buy the Dip in NextEra Energy Partners (NEP)

Group 1 - NextEra Energy Partners (NEP) has experienced significant selling pressure, resulting in a 33.5% loss over the past four weeks, but it is now considered oversold with potential for recovery [1] - The Relative Strength Index (RSI) for NEP is currently at 19.44, indicating that the stock may be nearing a trend reversal as selling pressure appears to be exhausting [5] - Analysts have raised earnings estimates for NEP, with a consensus EPS estimate increase of 0% over the last 30 days, suggesting potential price appreciation in the near term [6] Group 2 - NEP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [7]