NEP Similar Chart Price Prediction
The price of NEP is predicted to go up -6.26%, based on the high correlation periods with NATR. The similarity of these two price pattern on the periods is 98.71%.
NEP
NATR
Down: -6.26%Similarity: 98.71%
NEP Revenue Forecast
NEP EPS Forecast
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NEP Analyst's Forecast
Mark Strouse
JP Morgan
Hold
Price Target
$22 → $20
Upside
+18.76%
JPMorgan lowered the firm's price target on NextEra Energy Partners to $20 from $22 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the clean energy space. The firm continues to expect the space to remain volatile until there is better clarity into potential Inflation Reduction Act changes, which it believes could drag into the latter half of the year for certain subsectors and incentives. Fundamentally, JPMorgan continues to favor utility-scale over residential given its view that the recent spike in interest rates is relatively more negative for residential, though it notes that utility-scale challenges also remain including permitting and interconnection timing and availability of transformers.
James Thalacker
BMO Capital
Buy → Hold
Price Target
$26 → $18
Upside
+3.81%
Robert Kad
Morgan Stanley
Sell → Buy
Price Target
$22
Upside
+11.85%