NextEra Energy Partners, LP [NEP] Stock Forecast

I am buying this highly oversold company offering double-digit growing yields. NextEra Energy Partners, LP was overbought, and now it's oversold – making it a prime time to add more to your portfolio. The dividend is tax-deferred income, making it essentially tax-free in the present.

Solar energy stocks have been crushed in 2023, but higher utility rates and falling costs should be tailwinds in 2024. Higher rates are also hurting asset owners, but NextEra Energy Partners has a lot of flexibility to keep payouts high.

NextEra Energy Partners continues to fall on concerns about its funding. Investors remain worried it might need to cut its dividend.

NextEra Energy Partners, an affiliate of the utility company, has priced a key offering designed to refinance debt coming due in 2024. The interest expense is going up, but the market is glad for the clarity on how much.

NextEra Energy Partners stock has declined by 70% in the past year due to overvaluation, higher interest rates, and high leverage. Disinformation about the dividend and the impact of convertible equity portfolio financing (CEPF) have also contributed to the stock's decline. NEP has plans to combat these challenges by repowering old wind turbines and selling assets to address CEPFs, indicating a commitment to maintaining dividend growth.

Building a diverse portfolio in clean energy can be done with an ETF, but owning a high-quality basket of individual stocks offers more control for investors. The best place to start is with the industry leaders in manufacturing, installation, and asset ownership.

A seldom-referenced - but highly compelling - indicator is flashing a very bullish signal for defensive high-yield stocks. We look at this indicator more closely and explain why we think that high-yield stocks offer a very attractive risk reward in the current environment. We also share some of our top picks of the moment that offer well-covered 6-15% and growing dividend yields.

NextEra Energy Partners has a sustainable 15% dividend yield despite concerns of a potential distribution cut. The company focuses on alternative energy projects and is well-positioned to benefit from the ongoing drive to decarbonize the US industry. Financials show a healthy uptrend, with strong EBITDA and cash flow growth, indicating a low payout ratio and solid distribution coverage.

Medical Properties Trust trades at a steep discount to the value of its hospital properties. NextEra Energy has a plan to continue growing its big-time dividend, albeit at a much slower pace.

NextEra Energy Partners could produce powerful total returns if its plan works. Brookfield Infrastructure is growing briskly.

NextEra Energy Partners, LP is a US stock , located in Juno beach of Fl and trading under the symbol NEP

8 stock analysts have 8 predictions with a medium analyst target price of $79.63. The lowest prediction is $50 and the highest is $95

With a median analyst target price of $50, 1 stock analysts have made 1 forecasts in last 90 days. $50 is the lowest and $50 is the greatest projection.

NextEra Energy Partners, LP stock price is $25.99 today.

Yes, NextEra Energy Partners, LP is a publicly traded company.