Nextera Energy Partners (NYSE:NEP) is set to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Nextera Energy Partners to post earnings of $0.47 per share for the quarter.

Nextera Energy Partners (NYSE:NEP) last released its quarterly earnings results on Friday, January 25th. The solar energy provider reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.88). The firm had revenue of $155.00 million for the quarter, compared to analyst estimates of $276.40 million. Nextera Energy Partners had a return on equity of 4.83% and a net margin of 23.25%. During the same period in the previous year, the business posted $0.18 earnings per share. On average, analysts expect Nextera Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:NEP opened at $47.19 on Monday. The company has a market cap of $2.65 billion, a P/E ratio of 16.22, a PEG ratio of 2.53 and a beta of 0.96. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.55. Nextera Energy Partners has a 1-year low of $39.35 and a 1-year high of $50.66.

Several analysts recently weighed in on the company. Zacks Investment Research cut Nextera Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, March 15th. TheStreet raised Nextera Energy Partners from a “c+” rating to a “b-” rating in a report on Monday, March 25th. Barclays cut Nextera Energy Partners from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective for the company. in a report on Thursday, March 7th. ValuEngine raised Nextera Energy Partners from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, Goldman Sachs Group raised Nextera Energy Partners from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $49.00 in a report on Sunday, March 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.45.

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Nextera Energy Partners Company Profile

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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Earnings History for Nextera Energy Partners (NYSE:NEP)

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