NEP

NextEra Energy Partners LP

Energy


Presented:09/24/2015
Price:$23.07
Cap:$0.46B
Current Price:$25.62
Cap:$2.40B

Presented

Date09/24/2015
Price$23.07
Market Cap$0.46B
Ent Value$3.08B
P/E Ratio50.55x
Book Value$32.16
Div Yield4.07%
Shares O/S20.10M
Ave Daily Vol449,437
Short Int9.63%

Current

Price$25.62
Market Cap$2.40B
NextEra Energy Partners LP are a growth-oriented limited partnership formed by NextEra Energy, Inc. to own, operate and acquire contracted clean energy projects with stable, long-term cash flows through limited partner interest in NEE Operating LP. The company's objective is to pay stable and growing cash distributions to the holders of common units. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.

Publicly traded companies mentioned herein: NextEra Energy Inc (NEE), NextEra Energy Partners (NEP), NRG Yield, Inc. (NYLD)

Highlights

The presenter likes yieldcos at this time, and in particular sees upside for shares of NextEra’s yieldco, NextEra Energy Partners (NEP). Yieldcos have been “annihilated” by the recent selloff, and investors now appear to be questioning the viability of structure. He disagrees with this point of view, and sees the low-$20s as an attractive entry point. He noted that yieldcos have 20 year power-purchase agreements (PPAs) that provide stable, predictable income streams, and regardless of whether he looks at cash available for distribution (CAFD) or FCF multiples the stock(s) are extremely cheap..

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Idea Discussion

Commentor 1 - 2 weeks ago

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