NextEra Energy Partners Announces Pricing for Senior Notes Offering

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NEXTERA ($NYSE:NEP): NextEra Energy Partners, LP is a limited partnership that owns, operates, and acquires clean energy projects. NEP is a publicly traded company whose common units trade on the New York Stock Exchange under the symbol NEP.

Share Price

NEP stock opened at $25.0 and closed at $24.2, down by 4.7% from its prior closing price of 25.4. Proceeds from the offering are expected to be used for general partnership purposes, including the repayment of debt. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NEP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NEP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NEP. More…

Key Ratios Snapshot

Some of the financial key ratios for NEP are shown below. More…

Analysis

After performing a fundamental analysis of NEXTERA ENERGY PARTNERS, GoodWhale has concluded that it is a strong stock for dividend and growth investors. The Star Chart shows that NEXTERA ENERGY PARTNERS is strong in dividend and growth and is rated medium in terms of asset and profitability. Additionally, NEXTERA ENERGY PARTNERS has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating it is likely to pay off its debt while funding future operations. Classified as a ‘cheetah’, NEXTERA ENERGY PARTNERS has achieved high revenue or earnings growth, but is considered less stable due to its lower profitability. Investors seeking high revenue or earnings growth alongside strong dividend and growth may be interested in this stock. 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 is a publicly traded company focused on renewable energy development and acquisition. This money will be used for investment in new renewable energy projects and acquisitions. Following the announcement, stock prices moved downward, likely due to market volatility.

Investors looking to invest in NextEra Energy Partners should consider the risk associated with owning a company with exposure to the renewable energy sector. Analysts suggest that the company’s long-term growth prospects should remain strong despite the current market conditions.