|Bid||0.00 x 800|
|Ask||207.75 x 800|
|Day's Range||203.02 - 206.24|
|52 Week Range||163.51 - 208.91|
|Beta (3Y Monthly)||0.13|
|PE Ratio (TTM)||33.81|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||5.00 (2.42%)|
|1y Target Est||211.16|
Investors have piled into riskier markets in search of yield, driving a rally in the lower-rated parts of the bond market, known as high yield or junk.
North Carolina added 204 megawatts of new solar construction in the first quarter of 2019, according to the new Solar Market Insight Report. That's good enough for fourth place nationwide in the quarter.
Public Service Enterprise's (PEG) stakes in the Keystone and Conemaugh facilities represent 776 MWs of power generation, which are likely to get divested by the second half of 2019.
JUNO BEACH, Fla., June 24, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NEP) today announced the pricing of the previously announced private offering of $700 million of 4.25% senior unsecured notes due 2024 (the "notes") to be issued by its direct subsidiary, NextEra Energy Operating Partners, LP ("NEP OpCo"). The notes will be fully and unconditionally guaranteed on a senior basis by NextEra Energy Partners and NextEra Energy US Partners Holdings, LLC, a direct subsidiary of NEP OpCo ("NEP US Holdings"). NEP OpCo estimates the net proceeds from the notes offering will be approximately $691.2 million, after deducting the initial purchasers' discount and commission and estimated offering expenses payable by NEP OpCo.
Among the top utility stocks in 2019, Southern Company (SO) leads the pack. The stock has rallied almost 30% in 2019. Southern Company has shown an unusual rally in the last few months.
Analysts expect a dull upside of ~2% from NextEra Energy (NEE) stock based on the median target price of $211.2 and its current price of ~$207.6. Morgan Stanley raised NextEra Energy’s target price last week.
Many utility stocks outperformed the industry returns over a longer period of time. NextEra Energy (NEE) returned 30% over the past 12 months. The company annualized returns of 18% in the last five years.
Moody's Investors Service, (Moody's) assigned a Prime-1 short-term rating to Gulf Power Company's (A2, stable) new $600 million commercial paper (CP) program. The new $600 million commercial paper program will be back-stopped by Gulf Power's new $900 million senior unsecured revolving credit facility expiring in February 2024. The Prime-1 short-term rating reflects Gulf Power's solid liquidity profile, which is primarily supported by stable cash flow generation as well as its external revolving credit facility availability.
JUNO BEACH, Fla., June 24, 2019 /PRNewswire/ -- NextEra Energy Partners, LP (NEP) today announced a private offering of $700 million in aggregate principal amount of senior unsecured notes due 2024 (the "notes") by its direct subsidiary, NextEra Energy Operating Partners, LP (NEP OpCo), subject to market and other conditions. The notes will be guaranteed on a senior unsecured basis by NextEra Energy Partners and NextEra Energy US Partners Holdings, LLC, a direct subsidiary of NEP OpCo ("NEP US Holdings"). NEP OpCo intends to use the net proceeds from the sale of the notes to pay off the outstanding balance of $450 million under its revolving credit facility.
Renewable power companies just got dealt a worrying blow from PG&E's bankruptcy process. Is this what Southern Co has been warning about?
Moody's Investors Service ("Moody's") affirmed Pike Corporation's (Pike) B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating, and the B2 rating for the company's senior secured first-lien credit facilities, consisting of a $100 million revolver and a $935 million term loan. "While this debt-funded dividend to Eric Pike and NextEra Energy, Inc. (including partial preferred redemption for NextEra) is a leveraging transaction, Pike's good performance, partially aided by favorable unpredictable storm revenue in the last couple of years, and solid execution has allowed it to consistently generate cash and pay down debt, " said Moody's analyst Inna Bodeck. Earlier this month Pike raised a $117 million second-lien bridge term loan, a portion of which was used to make a dividend payment to its owners Eric Pike and NextEra.
Dividend stocks look appealing as interest rates have declined. But investors should tread carefully.
Editor's note: This story was previously published in April 2019. It has since been updated and republished.The 2020 Olympic Summer Games are to be held in Tokyo, Japan. The organizers of the games are planning to power the events with 100% renewable energy, which is great news for renewable energy stocks.Not only will the facilities where the sporting events are to take place to be powered exclusively by solar and wind power, so, too, will the athletes' village, international broadcasting center and press facilities. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's an unprecedented undertaking that will highlight the decarbonization of Japan, providing a view into a future fully powered without fossil fuels. The city of Tokyo plans to generate 30% of its annual power consumption needs through renewable energy sources that include solar roads -- already installed on highways in France -- across the city by 2030. The following seven renewable energy stocks to buy will benefit from the publicity generated at the 2020 Olympic Games. * 10 High-Yielding Dividend Stocks That Won't Wilt However, that's nearly two years from now. Here's why each of them makes very compelling investments today: NextEra Energy (NEE)Not only is NextEra Energy (NYSE:NEE) the world's largest utility, it's also the largest producer of wind and solar energy anywhere on the planet, making it one of the best renewable energy stocks to buy for the long haul. Source: Shutterstock Many people probably know NextEra because of its Florida Power and Light subsidiary that serves more than 5 million Floridians and is one of the largest rate-regulated electric utilities in the U.S.However, it is the subsidiary NextEra Energy Resources that is paving the way for future shareholders gains. It owns 120 wind facilities in North America that generate 13,000 megawatts of energy annually. It also generates more than 2,000 megawatts of solar power from facilities in seven states and Canada, along with natural gas-fired and nuclear power plants that deliver additional power generation.However, it is the company's views on diversity that makes it an excellent long-term investment. I'm not much of a fan of investing in utilities, but NextEra Energy's definitely got me very intrigued. Brookfield Renewable Partners (BEP)Brookfield Renewable Partners (NYSE:BEP) announced that it had increased its ownership (with partners) of TerraForm Power (NASDAQ:TERP) from 51% to 65% by purchasing an additional 61 million shares in a private placement. The investment will add $80 million annually to Brookfield Renewable's funds from operations, making it one of the really smart stocks to buy to get into solar. Source: Shutterstock TerraForm Power generates 3,634 megawatts of solar and wind power around the globe with 65% right here in the U.S., another 26% in Europe, and the remainder from facilities in Canada, Chile and Uruguay. Brookfield Renewable worldwide has 843 renewable power facilities in North America, Latin America and Europe capable of producing 16,300 megawatts of power annually.In North America alone, its renewable energy facilities generate enough electricity to power 2 million homes. * 5 Stocks to Buy for $20 or Less If you want to own more than renewable energy assets, you might consider Brookfield Asset Management (NYSE:BAM) which owns 61% of BEP and is one of the world's largest alternative asset managers. If I could only own one company's stock, Brookfield Asset Management would be at the top of my list. TransAlta (TAC) Like Brookfield Renewable, it could be more attractive to U.S. investors to choose TransAlta Corporation (NYSE:TAC) as a one of the best renewable energy stocks to buy rather than its 64%-owned renewable energy subsidiary TransAlta Renewables (TSE:RNW), which trades on the Toronto Stock Exchange. Source: russellstreet via FlickrTransAlta Renewables pays approximately CAD 150 million in dividends annually to its parent from the free cash flow generated from wind-power facilities in the U.S. and Canada that have the capacity to produce 1,248 megawatts of power and 49% of its annual cash flow along with natural gas-fired power generation that delivers 47% of its annual cash flow with hydroelectric facilities providing the rest. TransAlta Renewables is in the process of strengthening its balance sheet. Over the past two years, it has cut CAD$900 million of its debt, which should result in the company's free cash flow doubling over the next three years. The company currently pays a 1.18% monthly dividend, so by buying the parent, you're giving yourself a little more safety but a much lower dividend yield. Although there are risks to owning Canada's largest generator of wind power, if you're an aggressive investor, I'd go with RNW. Enviva (EVA)This is probably the least sexy renewable energy stocks to buy in the sector, but Enviva Partners (NYSE:EVA) is a good one nonetheless.Source: Alternative Heat via FlickrEviva is the world's largest producer of wood pellets, producing over three million metric tons each year from seven plants in the Southeastern part of the U.S. The pellets themselves are sold to utilities in the U.K. and Europe that use them in place of coal to produce a cleaner electricity source. * 7 Top-Rated Biotech Stocks to Invest In Today Thanks to wood pellet businesses in the south like Enviva, greenhouse gas emissions have been reduced (PDF), forests are growing and jobs have been created, providing a trio of benefits that are hard to beat.Enviva has long-term supply contracts that provide stable cash flows. If you're an income investor, Enviva is a very safe way to meet your annual income requirements. Renewable Energy Group (REGI)Renewable Energy Group (NASDAQ:REGI) is another simple yet attractive business turning vegetable oils and animal fats into diesel fuel. Whenever you see one of those trucks sucking out the grease traps at a restaurant, it's going to one of Renewable Energy's 13 biomass refineries to be turned into diesel fuel. The company has the capacity to produce 575 million gallons of diesel fuel annually, 70% of which is sold to major travel centers and fuel marketers.The demand for biodiesel is tremendous. California, Texas, New York and seven other states bought 1.5 billion gallons of the stuff in 2018, up from 1.15 billion in 2016. In Q4 2018, Renewable Energy sold 163.2 million gallons of biodiesel generating $519.8 million in revenue and $44.5 million in adjusted EBITDA. The company's adjusted EBITDA in the quarter was the highest in the past five years. Although its stock had a strong 2018, up 124%, and has struggled so far this year, I believe it has got room to move into the $30s on rising demand. TPI Composites (TPIC)What is one of the main ingredients needed for wind power? Wind, of course, but you also need turbine blades to generate that power. TPI Composites (NASDAQ:TPIC) is the largest independent manufacturer of composite wind blades for turbine manufacturers. It has facilities in North America, Europe and Asia and is one of those stocks to buy for an alternate position on renewables. Source: Susann Nilsson via FlickrAlthough its major business is providing wind blades for turbines, the company is working to diversify its revenue streams. Last year, it announced a joint development agreement with Navistar International (NYSE:NAV) to develop a composite tractor and frame rails for a Class 8 truck. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 The project brings the company's strategic development plans into a new area outside of its core market providing investors with promising future growth.For all of 2019, analysts on average expect TPI Composites' revenue to reach $1.5 billion for the first time in the company's history. With margins moving higher, the profits will follow. Siemens (SIEGY)This last one gives you exposure to a global industrial player in Siemens (OTCMKTS:SIEGY) which, amongst its many ventures, owns 59% of Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF), the world's largest producer of wind turbines and one of the interesting renewable stocks to buy without going all in on renewables. Source: FlickrSiemens Gamesa sells its turbines to both onshore and offshore wind farms around the world. In June, Siemens Gamesa announced that it would supply 70 units of its Onshore OptimaFlex wind turbines to three onshore wind farms in Norway. The turbines will provide approximately 294 megawatts of power and have a 25-year lifetime. In Norway alone, Siemens Gamesa's turbines provide more than 500 megawatts of power with another 390 megawatts under installation. It has a total installed base of 85 gigawatts of power generated from its wind turbines. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns appeared first on InvestorPlace.
Alliant Energy (LNT), which continues to lower emissions, plans to add more renewable assets to its production portfolio through regular investment.
NextEra Energy Inc NYSE:NEEView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for NEE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NEE. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding NEE are favorable, with net inflows of $12.71 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. NEE credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Edge Gathering Virtual Pipelines 2 LLC, a venture backed by NextEra Energy Inc. is trucking natural gas from the Marcellus Shale to New England.
Analysts expect a downside of ~1% from NextEra Energy (NEE) stock based on the mean target price of $205.0 and its current price of ~$207.0. Analysts seem more positive on NextEra Energy stock compared to its peers.
Many top utility stocks are trading at a significant premium to their historical averages. NextEra Energy (NEE) stock is trading at 24x its forward earnings. NextEra Energy's five-year historical average valuation is ~18x–19x.