Nextera Energy Partners Stock Z Score

NEP Stock

USD 16.78 0.43 2.63%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Nextera Energy Piotroski F Score and Nextera Energy Valuation analysis.

To learn how to invest in Nextera Stock, please use our How to Invest in Nextera Energy guide.

At this time, Nextera Energy's Net Working Capital is relatively stable compared to the past year. As of 11/22/2024, Capital Expenditures is likely to grow to about 1.3 B, though Return On Capital Employed is likely to grow to (0). At this time, Nextera Energy's Depreciation And Amortization is relatively stable compared to the past year. As of 11/22/2024, Net Income Applicable To Common Shares is likely to grow to about 576 M, while Gross Profit is likely to drop slightly above 478.5 M.

Nextera Energy Partners Company Z Score Analysis

Nextera Energy's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Nextera Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Nextera Energy is extremely important. It helps to project a fair market value of Nextera Stock properly, considering its historical fundamentals such as Z Score. Since Nextera Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nextera Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nextera Energy's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Property Plant Equipment	Net Tangible Assets	Good Will	Long Term Investments	Short Long Term Debt	Intangible Assets	Common Stock	Long Term Debt Total	Cash And Equivalents	Net Invested Capital	Net Working Capital
Total Assets		0.21	0.88	0.93	0.21	0.6	0.91	0.56	0.04	0.94	0.77	0.35	0.87	0.7	0.87	0.91	0.36	0.91	0.98	0.86	0.62	0.75	0.47
Total Stockholder Equity	0.21		0.55	0.21	0.37	-0.24	0.08	0.82	-0.27	0.16	0.7	0.88	0.58	0.65	0.06	0.18	0.88	0.05	0.25	0.43	0.55	0.62	0.61
Current Deferred Revenue	0.88	0.55		0.84	0.23	0.39	0.8	0.79	-0.01	0.82	0.92	0.65	0.99	0.88	0.77	0.82	0.66	0.82	0.9	0.8	0.59	0.76	0.58
Net Debt	0.93	0.21	0.84		0.02	0.43	0.97	0.59	-0.04	0.99	0.7	0.4	0.85	0.63	0.95	0.79	0.4	0.85	0.94	0.84	0.56	0.7	0.41
Retained Earnings	0.21	0.37	0.23	0.02		0.36	0.0	0.37	-0.27	0.09	0.46	0.19	0.29	0.22	0.01	0.22	0.19	0.09	0.19	0.25	0.33	0.47	0.47
Accounts Payable	0.6	-0.24	0.39	0.43	0.36		0.53	0.14	-0.12	0.52	0.43	-0.26	0.38	0.07	0.42	0.59	-0.25	0.6	0.52	0.56	0.24	0.49	0.28
Long Term Debt	0.91	0.08	0.8	0.97	0.0	0.53		0.5	0.03	0.99	0.65	0.24	0.8	0.56	0.96	0.8	0.25	0.88	0.92	0.81	0.45	0.63	0.42
Net Receivables	0.56	0.82	0.79	0.59	0.37	0.14	0.5		-0.2	0.54	0.84	0.8	0.8	0.63	0.48	0.53	0.81	0.49	0.6	0.69	0.47	0.76	0.57
Short Term Investments	0.04	-0.27	-0.01	-0.04	-0.27	-0.12	0.03	-0.2		-0.05	-0.28	-0.32	-0.13	0.05	0.03	0.38	-0.3	0.32	0.06	-0.16	-0.48	-0.4	-0.13
Total Liab	0.94	0.16	0.82	0.99	0.09	0.52	0.99	0.54	-0.05		0.71	0.31	0.84	0.62	0.95	0.8	0.32	0.85	0.94	0.85	0.56	0.71	0.46
Total Current Assets	0.77	0.7	0.92	0.7	0.46	0.43	0.65	0.84	-0.28	0.71		0.68	0.95	0.82	0.6	0.67	0.7	0.62	0.77	0.83	0.74	0.91	0.75
Short Term Debt	0.35	0.88	0.65	0.4	0.19	-0.26	0.24	0.8	-0.32	0.31	0.68		0.68	0.72	0.31	0.22	0.99	0.21	0.41	0.37	0.53	0.54	0.34
Property Plant Equipment	0.87	0.58	0.99	0.85	0.29	0.38	0.8	0.8	-0.13	0.84	0.95	0.68		0.88	0.79	0.77	0.69	0.78	0.89	0.81	0.65	0.81	0.62
Net Tangible Assets	0.7	0.65	0.88	0.63	0.22	0.07	0.56	0.63	0.05	0.62	0.82	0.72	0.88		0.59	0.64	0.73	0.6	0.73	0.59	0.64	0.63	0.61
Good Will	0.87	0.06	0.77	0.95	0.01	0.42	0.96	0.48	0.03	0.95	0.6	0.31	0.79	0.59		0.74	0.32	0.87	0.9	0.66	0.37	0.52	0.28
Long Term Investments	0.91	0.18	0.82	0.79	0.22	0.59	0.8	0.53	0.38	0.8	0.67	0.22	0.77	0.64	0.74		0.22	0.95	0.89	0.76	0.36	0.6	0.46
Short Long Term Debt	0.36	0.88	0.66	0.4	0.19	-0.25	0.25	0.81	-0.3	0.32	0.7	0.99	0.69	0.73	0.32	0.22		0.22	0.42	0.38	0.53	0.55	0.34
Intangible Assets	0.91	0.05	0.82	0.85	0.09	0.6	0.88	0.49	0.32	0.85	0.62	0.21	0.78	0.6	0.87	0.95	0.22		0.92	0.68	0.27	0.51	0.29
Common Stock	0.98	0.25	0.9	0.94	0.19	0.52	0.92	0.6	0.06	0.94	0.77	0.41	0.89	0.73	0.9	0.89	0.42	0.92		0.82	0.56	0.71	0.43
Long Term Debt Total	0.86	0.43	0.8	0.84	0.25	0.56	0.81	0.69	-0.16	0.85	0.83	0.37	0.81	0.59	0.66	0.76	0.38	0.68	0.82		0.74	0.93	0.73
Cash And Equivalents	0.62	0.55	0.59	0.56	0.33	0.24	0.45	0.47	-0.48	0.56	0.74	0.53	0.65	0.64	0.37	0.36	0.53	0.27	0.56	0.74		0.87	0.63
Net Invested Capital	0.75	0.62	0.76	0.7	0.47	0.49	0.63	0.76	-0.4	0.71	0.91	0.54	0.81	0.63	0.52	0.6	0.55	0.51	0.71	0.93	0.87		0.76
Net Working Capital	0.47	0.61	0.58	0.41	0.47	0.28	0.42	0.57	-0.13	0.46	0.75	0.34	0.62	0.61	0.28	0.46	0.34	0.29	0.43	0.73	0.63	0.76

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Nextera Energy

Based on the company's disclosures, Nextera Energy Partners has a Z Score of 0.0. This is 100.0% lower than that of the Independent Power and Renewable Electricity Producers sector and about the same as Utilities (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Nextera Energy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Nextera Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nextera Energy's managers, analysts, and investors.

Environmental

Governance

Social

Nextera Energy Institutional Holders

Institutional Holdings refers to the ownership stake in Nextera Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nextera Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nextera Energy's value.

		Shares
First Manhattan Co. Llc	2024-06-30	927.1 K
Jpmorgan Chase & Co	2024-06-30	863 K
Abrdn Plc	2024-09-30	850.2 K
D. E. Shaw & Co Lp	2024-06-30	800 K
Bank Of America Corp	2024-06-30	696.3 K
Vanguard Group Inc	2024-09-30	664.5 K
Thrivent Financial For Lutherans	2024-09-30	586 K
Rockefeller Capital Management L.p.	2024-06-30	583.9 K
Advisors Capital Management, Llc	2024-09-30	579 K
Morgan Stanley - Brokerage Accounts	2024-06-30	8.2 M
Blackrock Inc	2024-06-30	7.1 M

Nextera Fundamentals

	Return On Equity	-0.0141
	Return On Asset	9.0E-4
	Profit Margin	0.17 %
	Operating Margin	0.11 %
	Current Valuation	6.41 B
	Shares Outstanding	93.53 M
	Shares Owned By Insiders	2.74 %
	Shares Owned By Institutions	60.78 %
	Number Of Shares Shorted	5.25 M
	Price To Earning	15.41 X
	Price To Book	0.45 X
	Price To Sales	1.31 X
	Revenue	1.08 B
	Gross Profit	642 M
	EBITDA	650 M
	Net Income	(250 M)
	Cash And Equivalents	235 M
	Cash Per Share	3.44 X
	Total Debt	6.29 B
	Debt To Equity	0.44 %
	Current Ratio	1.34 X
	Book Value Per Share	36.49 X
	Cash Flow From Operations	731 M
	Short Ratio	2.46 X
	Earnings Per Share	0.61 X
	Price To Earnings To Growth	3.64 X
	Target Price	23.75
	Beta	1.07
	Market Capitalization	1.53 B
	Total Asset	22.51 B
	Retained Earnings	1.11 B
	Working Capital	545 M
	Current Asset	354 M
	Current Liabilities	512 M
	Annual Yield	0.22 %
	Five Year Return	3.60 %
	Net Asset	22.51 B
	Last Dividend Paid	3.6

About Nextera Energy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nextera Energy Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nextera Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nextera Energy Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Nextera Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nextera Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nextera Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Nextera Stock

0.8

RNWWW

ReNew Energy Global

Pair Corr

Moving against Nextera Stock

0.77	ELLO	Ellomay Capital	Pair Corr
0.76	NRGV	Energy Vault Holdings	Pair Corr
0.75	GEV	GE Vernova LLC	Pair Corr
0.7	ADN	Advent Technologies	Pair Corr
0.68	ORA	Ormat Technologies	Pair Corr

The ability to find closely correlated positions to Nextera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextera Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nextera Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nextera Energy Partners to buy it.

The correlation of Nextera Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Nextera Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Nextera Stock Analysis

When running Nextera Energy's price analysis, check to measure Nextera Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextera Energy is operating at the current time. Most of Nextera Energy's value examination focuses on studying past and present price action to predict the probability of Nextera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextera Energy's price. Additionally, you may evaluate how the addition of Nextera Energy to your portfolios can decrease your overall portfolio volatility.

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Nextera Energy Partners Stock Z Score

Nextera Energy Partners Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Nextera Z Score Driver Correlations

Nextera Energy ESG Sustainability

Nextera Energy Institutional Holders

Nextera Fundamentals

About Nextera Energy Fundamental Analysis

Pair Trading with Nextera Energy

Moving together with Nextera Stock

Moving against Nextera Stock

Additional Tools for Nextera Stock Analysis

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