NextEra Energy Partners: Take Advantage of Record Low Prices and Enjoy World-Class Yields
April 7, 2023
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NEXTERA ($NYSE:NEP): NextEra Energy Partners is an American public limited partnership (LP) registered with the US Securities and Exchange Commission that invests in clean energy infrastructure. It was formed by NextEra Energy, Inc. to own and operate energy infrastructure assets such as renewable energy projects and electric transmission lines. Now is an excellent time to take advantage of the dip in NextEra Energy Partners stock prices. This is a unique opportunity to add a world-class yieldco to your portfolio while taking advantage of record-low prices. The company has also consistently increased its dividend over the past 4 years, providing even more potential for long-term growth.
The experienced management team at NextEra Energy Partners has made a commitment to delivering strong returns for its investors. Not only can investors enjoy a world-class yield, but they can also be confident that their money is going towards clean energy projects. The time is now to take advantage of the dip in NextEra Energy Partners stock prices and enjoy world-class yields. With the experienced management team and their commitment to providing strong returns for their investors, NextEra Energy Partners is an excellent long-term investment opportunity.
Market Price
NextEra Energy Partners (NEP) has made a strong start to the week on Wednesday, closing up 2.0% from the prior day’s closing price of $60.6. With the current market conditions offering record low prices and attractive yields, investing in NEP is a great option for investors looking to benefit from its world-class yields. NEP offers investors a diversified portfolio of renewable energy assets with long-term contracted cash flows and structured operations that provide stability and predictability. With a strong balance sheet and a commitment to long-term growth, NEP is a reliable and exciting investment opportunity in the renewable energy space. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NEP. More…
| Total Revenues | Net Income | Net Margin |
| 1.21k | 477 | 36.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NEP. More…
| Operations | Investing | Financing |
| 776 | -1.19k | 551 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NEP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.05k | 8.28k | 39.43 |
Key Ratios Snapshot
Some of the financial key ratios for NEP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.3% | -11.6% | 13.3% |
| FCF Margin | ROE | ROA |
| 48.4% | 3.0% | 0.4% |
Analysis
At GoodWhale, we have performed an analysis of NEXTERA ENERGY PARTNERS’s wellbeing. According to our Risk Rating system, NEXTERA ENERGY PARTNERS is a medium risk investment in terms of financial and business aspects. In our analysis, we have detected two risk warnings in NEXTERA ENERGY PARTNERS’s income sheet and balance sheet. If you’d like to learn more about these risk warnings, please register on goodwhale.com where you can explore further details on this and other companies. More…
Peers
The company’s main competitors are NextEra Energy Inc, Brookfield Renewable Partners LP, and Clearway Energy Inc.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc. is a leading clean energy company with consolidated revenues of over $17 billion, operations in 27 states, and more than 43,000 megawatts of generating capacity. NextEra Energy’s principal subsidiaries are Florida Power & Light Company, which serves more than 10 million customer accounts in Florida, and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun.
– Brookfield Renewable Partners LP ($TSX:BEP.UN)
Brookfield Renewable Partners LP is a renewable energy company with a portfolio of hydroelectric, wind, and solar assets. The company has a market cap of 10.53B and a ROE of 15.58%. Brookfield Renewable Partners LP is focused on generating long-term shareholder value by investing in renewable energy projects around the world.
– Clearway Energy Inc ($NYSE:CWEN.A)
Clearway Energy Inc is a leading provider of clean energy solutions in the United States. The company has a market cap of 3.7 billion as of 2022 and a return on equity of 47.1%. Clearway Energy Inc is engaged in the development, construction, ownership, and operation of wind, solar, and thermal projects. The company owns and operates a fleet of over 4,000 megawatts of clean energy projects across the United States. Clearway Energy Inc has a strong commitment to environmental sustainability and is a proud supporter of the transition to a clean energy future.
Summary
NextEra Energy Partners, LP (NEP) is an attractive investment opportunity for yield-seeking investors. NEP boasts a low cost of capital, strong balance sheet, and strong growth prospects from its deep approval pipeline. The company is currently trading at a discount to its peers, making this an ideal time to invest in NEP.
Furthermore, with a management team focused on capital discipline and disciplined financial management, investors can be confident that their earnings will be protected in the future. With all these advantages combined, NEP stands out as an attractive long-term investment option with potential for significant capital appreciation.
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