Market Overview

Strong 2017 Prompts Vetr To Call Buy On NextEra Energy Partners

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The Vetr crowd upgraded its rating for NextEra Energy Partners LP (NYSE: NEP) on Monday from 3 stars (Hold), issued eight days ago, to 4 stars (Buy). Crowd sentiment at the time of the upgrade was edging positive, with 57 percent of Vetr user ratings bullish.

Share price in the clean energy partnership has seen a health series of jumps throughout 2017. The first, in January, came on the heels of a mixed earnings report in which NextEra missed on revenue by more than $56 million but reported an EPS of $0.63, nearly double that of analyst estimates. The strong quarterly return for investors boosted the stock by more than 16 percent.

The stock popped 8.5 percent in mid-March and reached an all-time high of $34.84 at the start of May. NextEra has since corrected slightly and finished trading today at $33.67.

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Currently, the Vetr crowd's average target price for NextEra is up at $37, which is below the average analyst traget price of $35.38. Less than 2 percent of Vetr users are holding NEP in their watch lists.

Latest Ratings for NEP

DateFirmActionFromTo
Apr 2020Credit SuisseMaintainsOutperform
Apr 2020Credit SuisseMaintainsOutperform
Apr 2020Morgan StanleyMaintainsEqual-Weight

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View the Latest Analyst Ratings

 

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings

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