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Strong 2017 Prompts Vetr To Call Buy On NextEra Energy Partners

Chris Dier-Scalise

The Vetr crowd upgraded its rating for NextEra Energy Partners LP (NYSE: NEP) on Monday from 3 stars (Hold), issued eight days ago, to 4 stars (Buy). Crowd sentiment at the time of the upgrade was edging positive, with 57 percent of Vetr user ratings bullish.

Share price in the clean energy partnership has seen a health series of jumps throughout 2017. The first, in January, came on the heels of a mixed earnings report in which NextEra missed on revenue by more than $56 million but reported an EPS of $0.63, nearly double that of analyst estimates. The strong quarterly return for investors boosted the stock by more than 16 percent.

The stock popped 8.5 percent in mid-March and reached an all-time high of $34.84 at the start of May. NextEra has since corrected slightly and finished trading today at $33.67.

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Currently, the Vetr crowd's average target price for NextEra is up at $37, which is below the average analyst traget price of $35.38. Less than 2 percent of Vetr users are holding NEP in their watch lists.

Latest Ratings for NEP

Date Firm Action From To
Feb 2017 Raymond James Initiates Coverage On Outperform
Jan 2017 Deutsche Bank Upgrades Hold Buy
Nov 2016 Credit Suisse Initiates Coverage On Outperform

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