NextEra Energy Partners
About: NextEra Energy Partners LP is formed to acquire, manage, and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. Renewable energy assets consist of wind, solar, and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets. Renewable energy sales generate maximum revenue for the company.
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
147% more call options, than puts
Call options by funds: $169M | Put options by funds: $68.4M
16% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 88
3% less funds holding
Funds holding: 312 [Q2] → 303 (-9) [Q3]
11% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 45
15.73% less ownership
Funds ownership: 65.16% [Q2] → 49.43% (-15.73%) [Q3]
24% less capital invested
Capital invested by funds: $1.69B [Q2] → $1.27B (-$411M) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
BMO Capital James Thalacker 68% 1-year accuracy 52 / 76 met price target | 6%upside $18 | Market Perform Downgraded | 13 Jan 2025 |
CIBC Mark Jarvi 0% 1-year accuracy 0 / 2 met price target | 23%upside $21 | Neutral Maintained | 8 Jan 2025 |
Scotiabank Andrew Weisel 50% 1-year accuracy 14 / 28 met price target | 12%downside $15 | Sector Perform Maintained | 12 Dec 2024 |
Morgan Stanley Robert Kad 64% 1-year accuracy 9 / 14 met price target | 29%upside $22 | Overweight Upgraded | 2 Dec 2024 |
Seaport Global Angie Storozynski 67% 1-year accuracy 2 / 3 met price target | 18%downside $14 | Sell Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 17 articles about NEP published over the past 30 days
