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NextEra Energy Partners LP (NEP) distance from 20-day Simple moving Average is 4.06%: What to Expect?

Let’s start up with the current stock price of NextEra Energy Partners LP (NEP), which is $79.57 to be very precise. The Stock rose vividly during the last session to $79.63 after opening rate of $79.32 while the lowest price it went was recorded $78.49 before closing at $79.54.Recently in News on November 18, 2022, NextEra Energy Partners, LP announces agreement to acquire an approximately 1,080-megawatt net interest in a portfolio of long-term contracted renewables projects and enters into new convertible equity portfolio financing. Announces agreement to acquire a 49% interest in an approximately 1.5-gigawatt renewables portfolio and approximately 100% of the indirect membership interests in an approximately 345-MW portfolio of operating wind assets. You can read further details here

NextEra Energy Partners LP had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $86.06 on 09/13/22, with the lowest value was $61.31 for the same time period, recorded on 05/12/22.

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NextEra Energy Partners LP (NEP) full year performance was -8.50%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, NextEra Energy Partners LP shares are logging -9.82% during the 52-week period from high price, and 29.78% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $61.31 and $88.23.

The company’s shares, operating in the sector of Utilities managed to top a trading volume set approximately around 387438 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the NextEra Energy Partners LP (NEP) recorded performance in the market was -5.72%, having the revenues showcasing -6.30% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 6.75B.

Specialists analysis on NextEra Energy Partners LP (NEP)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 78.06, with a change in the price was noted +3.80. In a similar fashion, NextEra Energy Partners LP posted a movement of +5.02% for the period of last 100 days, recording 463,641 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NEP is recording 1.41 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.40.

Trends and Technical analysis: NextEra Energy Partners LP (NEP)

Raw Stochastic average of NextEra Energy Partners LP in the period of last 50 days is set at 76.31%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.94%. In the last 20 days, the company’s Stochastic %K was 88.03% and its Stochastic %D was recorded 83.10%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -5.72%. Additionally, trading for the stock in the period of the last six months notably improved by 15.35%, alongside a downfall of -8.50% for the period of the last 12 months. The shares increased approximately by 1.17% in the 7-day charts and went down by 7.73% in the period of the last 30 days. Common stock shares were lifted by -6.30% during last recorded quarter.

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