Nelnet Stock (NYSE:NNI), Trade Ideas

Nelnet

Nelnet Inc is a United States based company engaged in these four segments; Loan Servicing and Systems focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services; Education Technology, Services, and Payment Processing provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses; Asset Generation and Management Includes the acquisition and management of student and other loan assets; and Nelnet Bank focuses on the private education and unsecured consumer loan markets. Loan Servicing and Systems Segment derives majority of the company's revenue.

Joe_Biden_student_loan_forgiveness

Education

Politics

NAVI

SOFI

The GOP says the plan defies the Supreme Court. But Biden and the Department of Education point to existing laws from 1993.

Biden Wipes More Than $7M In Student Debt For 277K Borrowers: &#39;Too Many People Feel The Strain And Stress&#39;

StudentLoan.Shutterstock

Personal Finance

The Biden administration is reportedly announcing a renewed proposal to reduce or eliminate student loan debt for millions of borrowers.

As Biden Readies Another Large-Scale Student Loan Forgiveness Plan, Here Are Stocks To Watch

Graduation.MortarBoard.Money.Shutterstock

News

Topics

Economics

Federal Reserve

General

Is A College Degree Worth It? New Study On Student Loans Shows Stark Differences

Nelnet Inc

President Joe Biden is canceling yet another round of student loan debt amounting to <a href="https://www.benzinga.com/topic/student-loans">more than $7.4 billion</a>. 
What Happened: Roughly another 277,000 borrowers, especially public sector workers, are expected to benefit from the revised plan. 
Among the changes that are a part of the SAVE (Saving on a Valuable Education) plan, include:
<ul>
<li>An income-driven repayment (IDR) plan, which bases monthly payment on income and family size.</li>
<li>Payments will now be based on a smaller portion of adjusted gross income.</li>
<li>If you make your full monthly payment, but it is not enough to cover the accrued monthly interest, the government covers the rest of the interest that accrued that month. </li>
<li>This means that the SAVE Plan prevents your balance from growing due to unpaid interest.</li>
<li>As of February, borrowers with $12,000 or less are forgiven after as few as 10 years.</li>
</ul>
More elements of SAVE will go into effect this summer.
The announcement was a follow-up from Monday, April 8, when Biden touted renewed efforts to <a href="https://www.benzinga.com/general/education/24/04/38112671/as-biden-readies-another-large-scale-student-loan-forgiveness-plan-here-are-stocks-to-watch">offer relief to debt-saddled individuals and families</a>.
&#8220;Too many people feel the strain and stress, wondering if they can get married, have their first child, start a family, because even if they get by, they still have this crushing, crushing debt,&#8221; he said.
See Also: <a href="https://www.benzinga.com/news/24/04/38158266/joe-biden-and-japans-pm-to-discuss-high-speed-rail-proposal-for-texas-at-summit-report">Joe Biden And Japan&#8217;s PM Discuss High-Speed Rail Proposal For Texas At Summit</a>
Why It Matters: More than 4 million people will benefit from the debt relief.
In total, the Biden administration has OKed some $153 billion in student loan debt — over 9% of all outstanding federal student loan debt.
The plan is not without its Republican critics. GOP officials like Georgia Attorney General Chris Carr say Biden is defying the conservative-leaning Supreme Court. 
Last year, Supreme Justices ruled against Biden&#8217;s <a href="https://www.benzinga.com/news/23/10/35482019/biden-has-canceled-billions-in-student-loans-even-after-the-supreme-court-ruled-against-him">original loan forgiveness plan</a>.
Two groups of Republican-led states have even <a href="https://apnews.com/article/student-debt-cancellation-college-forgiveness-f94b9706bd395b32e44d4d1b3f6ff051">filed</a> lawsuits against the Biden administration over the initiative.
&#8220;Despite the Court having already settled this issue, the Biden administration continues to brazenly violate the law,&#8221; Carr <a href="https://law.georgia.gov/press-releases/2024-04-09/carr-files-suit-against-president-bidens-latest-lawless-student-loan-plan">said</a>. &#8220;Georgia taxpayers have made it clear that they know it's wrong to be forced to pay off other people's student loans, particularly those with the highest earning potential. This is election-year politics and an egregious example of federal overreach, and we're fighting back yet again.&#8221;
The Education Department clapped back, pointing out how Congress gave the agency power to define terms of repayment plans <a href="https://www.congress.gov/bill/103rd-congress/house-bill/2055/text">in 1993</a>.
&#8220;The Biden-Harris Administration won't stop fighting to provide support and relief to borrowers across the country — no matter how many times Republican elected officials try to stop us,&#8221; the department said.
See Also: <a href="https://www.benzinga.com/general/politics/24/04/38213007/trumps-changing-stance-on-abortion-arizona-ruling-bring-2024-election-topic-front-and-center-how">How Biden&#8217;s Campaign Is Targeting Trump&#8217;s Changing Stance On Abortion</a>
What&#8217;s Next: Expect Biden to contrast his student loan forgiveness program with the education policies of his <a href="https://www.benzinga.com/topic/2024-presidential-election">2024 presidential opponent</a>, former President Donald Trump. 
During a speech in Wisconsin this week, Biden made a subtle jab at the <a href="https://www.benzinga.com/news/23/08/33851310/donald-trump-election-fraud-probe-georgia-grand-jury-reportedly-issues-10-indictments">quadruple-indicted GOP candidate</a>.
&#8220;We plan to cancel debt for borrowers who were cheated by universities that left students with unaffordable and little benefits for students,&#8221; Biden said. &#8220;You know one of those colleges was closed&#8230; I won&#8217;t mention it.&#8221;
The crowd laughed, seemingly in on Biden&#8217;s joke. Trump shut down Trump University in 2011 after multiple investigations, lawsuits and student complaints.
See below.
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<iframe loading="lazy" title="Biden cancels another round of student debt for over 200,000 more borrowers" width="500" height="281" src="https://www.youtube.com/embed/22GK7wgXlbk?start=174&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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In 2018, a New York judge <a href="https://ag.ny.gov/press-release/2018/ag-schneiderman-statement-final-trump-university-settlement">finalized</a> a $25 million settlement between Trump and the Trump University victims. 
Tickers To Watch: Several student loan-related tickers were in the red on Friday.
<ul>
<li>SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) saw its stock price dip more than 1.96% to $7.49&nbsp;a share as of press time. </li>
<li>SLM Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) was also in the red, trading at $20.70 a share — down by 1.4%.</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), currently <a href="https://www.benzinga.com/m-a/23/09/34618431/is-discover-financial-in-crisis-it-mulls-student-loan-business-sale-after-ceo-resignation">selling its student-loan unit</a>, is down by 1.05% and trading at $121.65 a share.</li>
<li>Navient Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) stock price was down 0.81%, trading at $16.52 a share. </li>
</ul>
At least one student loan servicing company was in the green: Nelnet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>). At last check, the Lincoln, Nebraska-based firm was up more than 0.27%, trading at $94.58.
Now Read: <a href="https://www.benzinga.com/news/24/04/38219940/biden-beats-trumps-record-blacklists-more-chinese-entities-than-ex-president">Biden Beats Trump&#8217;s Record &#8211; Blacklists More Chinese Entities Than Ex-President</a>
Image: Shutterstock

Biden Wipes More Than $7M In Student Debt For 277K Borrowers: 'Too Many People Feel The Strain And Stress'

Sunrock Distributed Generation, a commercial solar and clean energy development and management platform, announces today its tax equity partnership with Nelnet, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>), marking a significant step towards enhancing energy sustainability, building power grid resiliency, and reducing carbon emissions in local communities.
The partnership combines the extensive expertise of Sunrock and Nelnet to finance and construct ongoing portfolios of distributed generation assets across several states including California, Illinois, New Jersey, and New York. The construction of initial projects is already underway.
Wilson Chang, CEO of Sunrock, comments, "Sunrock is thrilled to announce our financing partnership with Nelnet, Inc, which will enable us to build even more solar and distributed generation assets originated and developed using our proprietary underwriting system and automated technology platform.
"Together, Sunrock and Nelnet are on a journey to help local businesses, public entities, and nonprofits save money and transition towards renewable energy, while contributing to a cleaner, greener future for generations to come," he adds.
Scott Gubbels, Executive Director of Renewable Energy at Nelnet, Inc. says, "Our partnership with Sunrock furthers Nelnet's commitment to renewable energy projects that deliver tangible environmental and economic benefits. We are excited to be working in close partnership with Sunrock's experienced team of financiers and operators in scaling out the origination, development, and construction of a diversified portfolio of distributed generation assets."
For more information about Sunrock and Nelnet Renewable Energy please visit the websites at <a href="http://www.sunrockdg.com/">www.sunrockdg.com</a>&nbsp;and <a href="http://www.nelnetenergy.com/">www.nelnetenergy.com</a>.

Sunrock DG And Nelnet Partner For Renewable Distributed Generation Projects

President Joe Biden isn&#8217;t reneging on promises to <a href="https://www.benzinga.com/topic/student-loans">cancel student loan debt</a>. 
What Happened: <a href="https://www.wsj.com/politics/policy/biden-to-make-second-attempt-at-large-scale-student-loan-forgiveness-ef1da5fe?mod=hp_lead_pos3">According</a> to the Wall Street Journal, the Biden administration is expected to announce a renewed proposal to reduce or eliminate student loan debt for millions of borrowers.
The Journal, citing unnamed sources, expects Biden&#8217;s announcement to occur next week.
The move seemingly defies a decision by <a href="https://www.benzinga.com/news/23/10/35482019/biden-has-canceled-billions-in-student-loans-even-after-the-supreme-court-ruled-against-him">the Supreme Court, which overturned</a> the administration's first debt cancellation plan in 2023. That first attempt would have wiped up to $20,000 in student debt for borrowers making less than $125,000.
However, the Biden administration clapped back in February. It unveiled a forgiveness plan of about $1.2 billion in student loans, relieving <a href="https://www.benzinga.com/government/24/02/37231741/biden-forgives-1-2b-in-student-debt-for-150k-borrowers-hit-by-specific-issues">more than 150,000 borrowers</a>.
&#8220;Thanks to the Biden-Harris Administration&#8217;s SAVE plan, starting today, the Administration will be cancelling debt for borrowers who are enrolled in the SAVE plan, have been in repayment for at least 10 years and took out $12,000 or less in loans for college,&#8221; the White House <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/02/21/fact-sheet-president-biden-cancels-student-debt-for-more-than-150000-student-loan-borrowers-ahead-of-schedule/">announced</a> at the time.
The Biden administration&#8217;s program aims to ease the burden on Americans who have been repaying for at least a decade. 
See Also: <a href="https://www.benzinga.com/news/23/10/35482019/biden-has-canceled-billions-in-student-loans-even-after-the-supreme-court-ruled-against-him">Biden Has Canceled Billions In Student Loans — Even After The Supreme Court Ruled Against Him</a>
The total amount of relief approved by the Biden administration stands at nearly $138 billion. It benefits more than 4 million borrowers. 
This number may increase as more individuals become eligible for forgiveness under the SAVE program, which currently has 6.9 million participants.
Despite these efforts, they fall short of Biden's initial proposal for broader student loan cancellation, which the U.S. Supreme Court rejected last year.
Why It Matters: In 2023, the administration agreed to forgive <a href="https://www.benzinga.com/government/23/07/33231960/biden-administration-to-forgive-39b-in-student-debt-providing-relief-for-over-800k-borrowers">$39 billion in student debt</a> by updating a technical requirement under an existing program. 
Despite the Supreme Court's ruling against it, the administration flagged $127 billion of federal student loans for potential cancellation. 
According to EducationData.org, the average debt for a four-year bachelor's degree is $34,700. 
Tickers To Watch: Student loan collection companies, like SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), saw modest movement on Friday, April 5, on the heels of the news.
SoFi, which counts student loans as a significant chunk of the company&#8217;s total lending products, saw its stock price go up more than 0.85% to $7.37&nbsp;a share as of press time. 
SLM Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) was also in the green, trading at $21.12 a share — up by 0.31%.
Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), rumored to be <a href="https://www.benzinga.com/m-a/23/09/34618431/is-discover-financial-in-crisis-it-mulls-student-loan-business-sale-after-ceo-resignation">selling its student-loan unit</a>, is up slightly by 0.1% and trading at $125.11 a share.
Meanwhile, Nelnet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) and Navient Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) were both in the red. Nelnet was down more than 0.65%, trading at $93.05; Navient&#8217;s stock price was down 0.06%, trading at $16.86 a share. 
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37227959/if-you-invested-1-000-in-donald-trump-nfts-heres-how-much-youd-have-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Donald Trump NFTs, Here's How Much You'd Have Today</a>
Image: Shutterstock

Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $1.03 by 103.88 percent.

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Nelnet Q4 2023 Adj EPS $(0.04) May Not Compare To $1.03 Estimate

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Earnings Scheduled For February 27, 2024

Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement.
Analysts estimate that Nelnet will report an earnings per share (EPS) of $1.03. 
Nelnet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.25, which was followed by a 0.48% increase in the share price the next day.
Here's a look at Nelnet's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.40</td>
<td>1.08</td>
<td>1.53</td>
<td>1.57</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.15</td>
<td>0.71</td>
<td>1.47</td>
<td>0.98</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708956118_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Nelnet were trading at $89.45 as of February 22. Over the last 52-week period, shares are down 4.71%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/NNI/earnings">To track all earnings releases for Nelnet visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Nelnet

TD Cowen analyst Moshe Orenbuch initiates coverage on Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) with a Market Perform rating and announces Price Target of $95.

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Analyst Ratings

TD Cowen Initiates Coverage On Nelnet with Market Perform Rating, Announces Price Target of $95

The age-old debate surrounding the worth of a college degree, especially with the soaring costs of tuition, continues to be a contentious one. 
With student loan debt outstripping inflation rates over the past few decades, the question is — <a href="https://www.benzinga.com/topic/student-loans">does the reward outweigh the risk?</a>
A study issued <a href="https://www.federalreserve.gov/econres/notes/feds-notes/non-completion-student-debt-and-financial-well-being-20230821.html">this week</a> by the Federal Reserve underscored the high-risk nature of pursuing higher education.
A college degree might promise a lucrative future with earnings of an additional $1 million over a lifetime, yet it remains a gamble for many. The glaring risk associated with attending college is the increasing likelihood of non-completion — so it's no surprise that a huge chunk of the risk can be attributed to the financial strain brought on by student loans without the financial advantages of having a degree.
The Cost Of Non-Completion: It&#8217;s apparent the financial returns of attending college predominantly lie with acquiring the degree. Those failing to graduate bear the brunt of both implicit and explicit costs, the report said. Alarmingly, the Fed's data showed just six out of 10 attendees of four-year institutions obtain their degree, with rates even lower at two-year institutions.
Despite considerable investments from both the government and educational institutions to boost the numbers, there are still no impactful solutions.
Amid the ongoing debate about student loan debts, political figures are increasingly vocal. Notably, Senators Elizabeth Warren and Chuck Schumer, in their response to the new <a href="https://www.ed.gov/news/press-releases/biden-harris-administration-provide-804000-borrowers-39-billion-automatic-loan-forgiveness-result-fixes-income-driven-repayment-plans" target="_blank" rel="noreferrer noopener">Saving on A Valuable Education (SAVE) plan</a>, acknowledged the potential benefits of plans aiming to alleviate student debt.
&#8220;The fight to cancel student debt is far from over, but this is a massive step in the right direction,&#8221; Schumer said in a Tuesday <a href="https://www.democrats.senate.gov/newsroom/press-releases/majority-leader-schumer-statement-on-president-bidens-newly-announced-save-plan" target="_blank" rel="noreferrer noopener">statement</a>.
Warren urged caution, saying in a <a href="https://twitter.com/SenWarren/status/1694007839948189854" target="_blank" rel="noreferrer noopener">post on X</a> that Republicans in Congress are "trying to repeal this relief."
The Untapped Data: Most surveys overlook the financial outcomes of students with loans who do not complete their degree, primarily due to a lack of relevant data. However, the Survey of Household Economics and Decisionmaking (SHED) the Fed used stood out by probing respondents about their highest education level funded by student loans, identifying those who borrowed beyond their completed education level.
SHED's findings were strikingly grim. Non-completion among student loan borrowers leads to severe consequences on financial well-being, regret concerning their education and heightened SNAP benefit receipt.
The Numbers Tell The Story: When comparing those who completed (&#8220;completers&#8221;) to those who didn&#8217;t (&#8220;non-completers&#8221;), the SHED provided alarming insights. A distinct chasm emerged in financial well-being between the two groups, with non-completers struggling to manage even a sudden expense of $400.
The statistics further underscore the precarious financial situation of non-completers, especially when borrowing for college does not lead to a degree.
Additionally, a look at 6-year completion rates across public and private institutions using the College Scorecard data shows a stark contrast. While the median completion rate hovers around 60%, there is steep variation, with educational disparities only widening existing inequalities.
More to that, non-completion not only has financial repercussions but also leads to a sense of regret regarding one&#8217;s educational choices, the report found. Non-completers were frequently unhappy with their chosen field, institution, or the lack of further education, with the last being the most pronounced sentiment.
The data from the SHED highlights a poignant reality.
College graduates with debt undoubtedly fare better than those without degrees, however, college dropouts burdened with debt face the harshest financial outcomes, worse than any other group.
The potential reasons behind the disparity are manifold — restricted credit access due to undischarged student loans could mar an individual&#8217;s financial trajectory. 
In a climate of increased scrutiny of student loans, investors may want to keep an eye on stocks exposed to loans. Companies like as Nelnet, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>), SLM Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>), and SoFi Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) might see volatility as a result of changing student loan policies.
Non-completers might find themselves locked out of significant financial decisions, like purchasing homes or cars, even if they default on their student loans.
The Fed's findings reiterate the need for boosting higher education completion rates. Investing in measures to provide comprehensive support, financial literacy and mental health resources can pave the way for a brighter future for many. Read Next: <a href="https://www.benzinga.com/news/earnings/23/08/34000863/nasdaq-s-p-500-futures-rise-on-hopes-of-upbeat-nvidia-q2-print-why-this-analyst-thinks-market-pullb">Stocks Rally Ahead Of Nvidia&#8217;s Earnings; Treasury Yields Plunge On Soft Data: What&#8217;s Driving Markets Wednesday?</a>
Photo: Shutterstock

&nbsp;GRNE Solar, a premier solar engineering, procurement and construction (EPC) firm, announced today it has transitioned to the Nelnet Renewable Energy brand. The company was acquired by Nelnet, Inc., in 2022.
Since 2012, GRNE Solar has installed commercial and residential solar energy solutions and utility-scale solar systems across 13 states. While GRNE Solar&#39;s name and brand will no longer be used, the company&#39;s offerings remain unchanged.
&quot;Our partnership with GRNE Solar aligned our complementary solutions with shared values and a focus on innovation and serving our customers,&quot; said Nelnet Renewable Energy President&nbsp;Scott Gubbels. &quot;This transition supports a focus on operational excellence by optimizing people, systems, processes and workflows to ensure we maximize value for all our stakeholders. This name reflects our company&#39;s unwavering commitment to the solar industry.&quot;
&quot;Our community is at the heart of our business, and customer satisfaction remains a top priority for us,&quot; said&nbsp;Eric Peterman, founder of GRNE Solar and Nelnet Renewable Energy&#39;s director of engineering, procurement and construction services. &quot;We&#39;re excited about the continued growth and expansion of our EPC services, and we remain committed to providing a five-star customer experience. All aspects of our relationship will continue without disruption, and our team of dedicated professionals continue to provide exemplary service,&nbsp;guidance&nbsp;and collaboration.&quot;
In addition to offering expert&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=1429822845&amp;u=https%3A%2F%2Fnelnetenergy.com%2Fsolutions%2Fresidential%2Fsolar-panel-installation%2F&amp;a=residential" target="_blank">residential</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=4167283368&amp;u=https%3A%2F%2Fnelnetenergy.com%2Fsolutions%2Fcommercial%2F&amp;a=commercial" target="_blank">commercial</a>&nbsp;and small utility-scale installation services and greenfield development, Nelnet Renewable Energy, as part of&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=4150732365&amp;u=https%3A%2F%2Fwww.nelnetinc.com%2F&amp;a=Nelnet%2C+Inc." target="_blank">Nelnet, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>), is a leading&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=3500277675&amp;u=https%3A%2F%2Fnelnetenergy.com%2Fsolutions%2Ffinancing%2Ftax-equity%2F&amp;a=solar+tax+equity+investor" target="_blank">solar tax equity investor</a>. The organization offers a unique&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=1406701481&amp;u=https%3A%2F%2Fnelnetenergy.com%2Fsolutions%2Ffinancing%2Fcoinvesting%2F&amp;a=solar+tax+equity+co-investment+platform" target="_blank">solar tax equity co-investment platform</a>, a first-of-its-kind&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=3018677632&amp;u=https%3A%2F%2Fnelnetenergy.com%2Fnet-zero-academy&amp;a=sustainability+literacy+platform" target="_blank">sustainability literacy platform</a>&nbsp;for educational institutions, and a&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=1694896368&amp;u=https%3A%2F%2Fnelnetenergy.com%2Fsolutions%2Ffinancing%2Finnovation-partnership%2F&amp;a=venture+capital+investment" target="_blank">venture capital investment</a>&nbsp;team focused on supporting renewable energy innovation.
As Peterman pointed out, &quot;Now, as part of Nelnet Renewable Energy, we&#39;ll be exploring additional and more innovative ways to make our clients&#39; and customers&#39; solar journeys rewarding, saving them money and helping to advance our country toward a clean energy future.&quot;
Founded in&nbsp;Illinois&nbsp;in 2012, GRNE Solar made its name offering solar services including engineering, operations and maintenance, installation, battery backup and electric vehicle charging stations. Based on its reputation for quality installation and exceptional customer experiences, the organization expanded to 10 offices in seven states:&nbsp;Colorado,&nbsp;Illinois,&nbsp;Indiana,&nbsp;Iowa,&nbsp;Missouri,&nbsp;Nebraska&nbsp;and&nbsp;New York. The same services continue to be offered from all these offices under the Nelnet Renewable Energy name. Previously found at GRNESolar.com, the organization&#39;s services may now be accessed along with Nelnet Renewable Energy&#39;s other diverse services and solutions at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3938944-1&amp;h=2257401522&amp;u=https%3A%2F%2Fwww.nelnetenergy.com%2F&amp;a=NelnetEnergy.com" target="_blank">NelnetEnergy.com</a>.

GRNE Solar Rebrands As Nelnet Renewable Energy

Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) reported quarterly earnings of $0.71 per share which missed the analyst consensus estimate of $1.08 by 34.26 percent. This is a 50.69 percent decrease over earnings of $1.44 per share from the same period last year.

Nelnet Q2 EPS $0.71 Misses $1.08 Estimate

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Hims & Hers Health, Inc. Class A Common Stock

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Earnings Scheduled For August 7, 2023

Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) is set to give its latest quarterly earnings report on Monday, 2023-08-07. Here's what investors need to know before the announcement.
Analysts estimate that Nelnet will report an earnings per share (EPS) of $1.08. 
Nelnet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.06, which was followed by a 0.73% drop in the share price the next day.
Here's a look at Nelnet's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.53</td>
<td>1.57</td>
<td>1.75</td>
<td>1.65</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.47</td>
<td>0.98</td>
<td>1.73</td>
<td>1.44</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.73%</td>
<td>-3.32%</td>
<td>0.13%</td>
<td>-0.35%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1691157711_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Nelnet were trading at $98.87 as of August 03. Over the last 52-week period, shares are up 5.95%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/NNI/earnings">To track all earnings releases for Nelnet visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Nelnet's Earnings: A Preview

President Joe Biden&rsquo;s administration will wipe out $39 billion of student debt for more than 800,000 Americans, despite the Supreme Court&rsquo;s recent decision to strike down the administration&#39;s&nbsp;widespread <a href="https://www.benzinga.com/topic/student-loans">student debt relief plans</a>.
The administration will work around the court&rsquo;s decision by updating a technical requirement under a long-existing program, <a href="https://www.bostonglobe.com/2023/07/14/nation/biden-administration-forgive-39-billion-student-debt/" style="text-decoration-line:none">according </a>to the Boston Globe.<a href="https://www.bostonglobe.com/2023/07/14/nation/biden-administration-forgive-39-billion-student-debt/" style="text-decoration-line:none">&nbsp;</a>
The Supreme Court struck down a $400 billion student loan forgiveness plan in June. But, through loan-forgiveness rules within the government&rsquo;s income-driven repayment plans (IDR), Biden&rsquo;s administration is still able to wipe out billions in student debt for hundreds of thousands of Americans.&nbsp;
Read Also:<a href="https://www.benzinga.com/government/23/07/33231960/biden-administration-to-forgive-39b-in-student-debt-providing-relief-for-over-800k-borrowers">&nbsp;Biden Administration to Forgive $39B in Student Debt, Providing Relief for Over 800K Borrowers</a>
Falling Through The Cracks: There are many long-term borrowers who have been paying their student loan payments despite qualifying for debt forgiveness measures through the IDR program. The program failed to keep track of which borrowers qualified for forgiveness through mismanagement, <a href="https://www.npr.org/2023/07/14/1187660793/student-loan-forgiveness-income-driven-repayment" style="text-decoration-line:none">according </a>to an investigation from NPR.&nbsp;&nbsp;
Payments Resume: For those who do not qualify under the IDR program, experts have suggested resuming their student-loan payments. Student loan interest is set to resume in September, while payments will restart in October. For those who need assistance with paying off their student loans, there are several different deferment options available.&nbsp;
Deferment Options:&nbsp;The government offers flexible payment options through Income-driven repayment plans that are based on your monthly income as well as family size. For some families, payments could be as low as $0 <a href="https://studentaid.gov/manage-loans/lower-payments/get-temporary-relief/deferment">according </a>to the U.S. Federal Student Aid Office. The Biden&nbsp;administration also announced that people who miss student-loan&nbsp;payments from Oct.&nbsp;1, 2023&nbsp;to Sept.&nbsp;30, 2024, will not be considered delinquent borrowers or reported to credit bureaus.&nbsp;
Stocks Impacted By Resumption Of Student Loans:&nbsp;Several publicly traded loan servicers have been impacted by the Supreme Court&#39;s decision to overturn Biden&#39;s debt relief plan. Those include Sofi Technologies Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sofi#NASDAQ">SOFI</a>), Nelnet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nni#NASDAQ">NNI</a>) and&nbsp;Discover Financial Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dfs#NYSE">DFS</a>). Sofi is trading up about 9% since the Supreme Court&#39;s decision on June 30.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/07/33230053/trump-organization-official-sent-target-letter-for-allegedly-lying-under-oath-in-classified-document">Trump Organization Official Sent &#39;Target Letter&#39; For Allegedly Lying Under Oath In Classified Documents Case&nbsp;</a>
<div>&nbsp;</div>
&nbsp;

Biden Erases $39B In Student Debt, But Payments Resume For Many: Here's When They Restart, Deferment Options

The U.S. student loan market stands at a crucial juncture, where the prevailing post-COVID-19 calmness could either solidify as the new norm or be hit by a storm that could <a href="https://www.benzinga.com/money/best-student-loans" target="_blank" rel="noreferrer noopener">disrupt this debt category.</a>
Millions of American students are anxiously awaiting the upcoming ruling by the Supreme Court on the Biden Administration&#8217;s ambitious plan to alleviate student debt. The plan aims to cancel up to $20,000 of student loans for Pell Grant recipients and up to $10,000 for other low-income borrowers.
The scale of debt forgiveness being pursued by the Biden administration is unprecedented, and with an estimated public cost of $400 billion, it would rank among the most expensive executive actions in U.S. history. 
A decision from the Supreme Court is expected to be announced later this month or in early July.
Read Also: <a href="https://www.benzinga.com/news/23/02/31111427/big-short-investor-michael-burry-thinks-bidens-student-loan-forgiveness-will-mean-terrible-consequen" target="_blank" rel="noreferrer noopener">&#8216;Big Short&#8217; Investor Michael Burry Thinks Biden&#8217;s Student Loan Forgiveness Will Mean &#8216;Terrible Consequences For America&#8217;</a>
<h2 class="wp-block-heading">Student Loan Delinquencies Set To Return To Pre-COVID-19 Levels</h2>
Regardless of the ruling&#8217;s outcome, the early-June deal to raise the U.S. debt ceiling mandates the resumption of federal student loan repayments by the end of August.
The restart of federal student loan repayments is projected to lead to an increase in delinquency rates, posing significant challenges to this market and potentially causing ripples in other debt categories, according to a Bank of America research note. 
Bank of America noted that the share of student loan balances categorized as seriously delinquent fell from 11.1% in the fourth quarter of 2019 to 0.7% in the first quarter of 2023.
If loan payments were to resume in full, Bank America thinks it&#8217;s fair to assume that student loan delinquencies will return to pre-pandemic levels. This might lead to a $167 billion increase in substantially delinquent student debt.
&#8220;This would be a sizeable shock, and it would probably have knock-on effects to other categories of debt as well,&#8221; economist Ethan Harris and his team said in the note.
Chart: Outstanding U.S. Student Loans Totaled $1.8 Trillion At The Start of 2023
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23082019/SLOAS_2023-06-23_14-18-29_9efb5-1024x683.png" alt="" class="wp-image-56881" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23082019/SLOAS_2023-06-23_14-18-29_9efb5-1024x683.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23082019/SLOAS_2023-06-23_14-18-29_9efb5-300x200.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23082019/SLOAS_2023-06-23_14-18-29_9efb5-768x512.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23082019/SLOAS_2023-06-23_14-18-29_9efb5-1536x1025.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23082019/SLOAS_2023-06-23_14-18-29_9efb5.png 1844w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">5 Stocks To Watch In The Student Loan Market</h2>
<ul>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>): SoFi is a fintech company that provides a variety of financial goods and services, including student loan refinancing. Since the agreement on the debt ceiling deal, SoFi shares have risen 22%. </li>
<li>Navient Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>): Navient is a student loan servicer that manages and collects payments on student loans on behalf of various lenders and investors. NAVI has gained 19% month-to-date. </li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>): Although Discover is well recognized for its credit card services, it also offers private student loans to help students pay for their higher education. DFS stock price has surged 12.4% since the start of June. </li>
<li>Nelnet, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) &#8211; Nelnet is a diversified education services company that offers student loan services, as well as other educational products and services. Nelnet shares have risen 6% thus far in June. </li>
<li>SLM Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>): Commonly known as Sallie Mae, is a provider of student loans and other financial services for higher education. Its stock price is up 5.6% so far this month. </li>
</ul>
Chart: Performance of Student Loan Stocks In June
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="634" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23083341/NAVI_2023-06-23_14-33-28_128d6-1024x634.png" alt="" class="wp-image-56893" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23083341/NAVI_2023-06-23_14-33-28_128d6-1024x634.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23083341/NAVI_2023-06-23_14-33-28_128d6-300x186.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23083341/NAVI_2023-06-23_14-33-28_128d6-768x475.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23083341/NAVI_2023-06-23_14-33-28_128d6-1536x950.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/06/23083341/NAVI_2023-06-23_14-33-28_128d6.png 1988w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32894428/why-2-sofi-analysts-are-dropping-their-bullish-stances-elevated-interest-rates-a-po" target="_blank" rel="noreferrer noopener">Why 2 Sofi Analysts Are Dropping Their Bullish Stances: Elevated Interest Rates A Possible &#8216;Incremental Headwind&#8217;</a>
Photo: Shutterstock

Analyst Color

Tech

Student Loan Defaults Set To Rise, Analysts Say It's 'A Sizeable Shock' With Ripple Effects: 5 Stocks to Watch

<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data,</a> Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) posted Q1 earnings of $23.02 million, an increase from Q4 of 17.75%. Sales dropped to $331.67 million, a 1.5% decrease between quarters. In Q4, Nelnet earned $27.98 million, and total sales reached $336.72 million. 
<h3>Why Is ROCE Significant?</h3>
Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q1, Nelnet posted an ROCE of 0.01%.
Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future. 
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Nelnet is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For Nelnet, the positive return on capital employed ratio of 0.01% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
<h3>Analyst Predictions</h3>
Nelnet reported Q1 earnings per share at $1.47/share, which did not meet analyst predictions of $1.53/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Nelnet's Return On Capital Employed Overview

Credit Suisse analyst Moshe Orenbuch reiterates Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) with a Neutral and maintains $90 price target.

Reiteration

Credit Suisse Reiterates Neutral on Nelnet, Maintains $90 Price Target

Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) reported quarterly earnings of $1.47 per share which missed the analyst consensus estimate of $1.53 by 3.92 percent. This is a 26.13 percent decrease over earnings of $1.99 per share from the same period last year.

Nelnet Q1 Adj. EPS $1.47 Misses $1.53 Estimate

Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) today announced its Nelnet Diversified Services division has been awarded a&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3847410-1&amp;h=1301596553&amp;u=https%3A%2F%2Fwww.ed.gov%2Fnews%2Fpress-releases%2Fus-department-educations-office-federal-student-aid-awards-new-contracts-five-companies-serve-borrowers-reduce-delinquency-and-improve-accountability&amp;a=Unified+Servicing+and+Data+Solution+(USDS)" target="_blank">Unified Servicing and Data Solution (USDS)</a>&nbsp;contract by the United States Department of Education (Department) Office of Federal Student Aid (FSA).
The 5-year federal contract, with possible extensions up to 10 years, will replace existing legacy student loan servicing contracts for Direct Loans and federally managed Federal Family Education Loan (FFEL) Program loans and will be centered on providing superior customer service to federal student loan borrowers through measurable service-level agreements and performance metrics.&nbsp;
&quot;As the country&#39;s leading loan servicer, Nelnet is proud to have been selected as a USDS contract recipient,&quot; said&nbsp;Jeff Noordhoek, Nelnet&#39;s chief executive officer. &quot;We look forward to our ongoing partnership with the Department, which allows us to continue providing superior customer experiences to federal student aid recipients and their families.&quot;
The total loan servicing volume under USDS will include more than 37 million borrowers with federally managed loans, which will be allocated by the Department to Nelnet and four other servicers that were awarded a USDS contract.
No immediate changes will impact student loan borrowers as the full terms of the agreement are expected to go live in 2024. According to the Department, the legacy servicer contracts will be extended through&nbsp;December 2024&nbsp;to help facilitate a smooth transition for borrowers.
&quot;The Department&#39;s goal of modernizing and enhancing student loan servicing for borrowers through USDS aligns well with Nelnet&#39;s current investment strategies focused on the modernization of our systems to ensure secure, state-of-the-art servicing platforms,&quot; Noordhoek added. &quot;We&#39;re excited to be a part of the solution for the next 10 years and beyond as we continue our long-term mission of helping people fulfill their educational dreams.&quot;

Contracts

Nelnet Awarded 5-Year U.S. Department Of Education's Unified Servicing And Data Solution Loan Servicing Contract

On Tuesday, shares of Nelnet Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nni#NYSE">NNI</a>) experienced volatile short activity. After the activity, the stock price went up +0.35% to $93.87.
The overall sentiment for NNI has been Bullish.
The signal from the volatility alert is trending Bullish. Therefore, the recommendation is to Strong Buy.
The volatility alert was produced on the prior trading date, 2/28/2023 with a volatility change of +57.7%. The current volatility indicator stands at 7.619.
Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

Short Ideas

Trading Ideas

Short Volatility Alert: Nelnet Inc

Nelnet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>) reported quarterly earnings of $0.98 per share which missed the analyst consensus estimate of $1.57 by 37.58 percent. This is a 60.8 percent decrease over earnings of $2.50 per share from the same period last year.

Nelnet Q4 Adj. EPS $0.98 Misses $1.57 Estimate

Dividend Champion, Contender, And Challenger Highlights: Week Of February 25

Nelnet Non-GAAP EPS of -$0.04 misses by $1.07, revenue of $260.66M misses by $77.34M

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Allstate (ALL – Research Report), Nelnet (NNI – Res...

Analysts Offer Insights on Financial Companies: Allstate (ALL), Nelnet (NNI) and Royal Bank Of Canada (RY)