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NextEra Energy / NEE vs. NEPRenewable energy investments are in high demand by many investors, but many of these companies aren't very profitable yet or are unattractive due to other fundamental issues. NextEra Energy and NextEra Energy Partners are outliers, however, as they are highly profitable while also providing a growing income stream for their owners. In this report, I'll show why I believe that NextEra Energy Partners, LP is the significantly more attractive pick at current prices, relative to the mother entity NextEra Energy, Inc Renewable energy is in high demand around the world. Countries, corporations, and even individuals are spending heavily to increase the generation of electricity via hydro, solar, wind, geothermal energy, and so on. Many investors also want to invest in this macro megatrend, but not too many investment choices seem suitable for that. Many companies in this space are either not profitable or trading at very elevated valuations. Some have been clear bubble stocks in the past, along with many electric vehicle stocks that were also hyped up during the pandemic, which didn't work out for investors. In order to decide whether NEE or NEP is more attractive for investment today, we'll look at a couple of factors that investors might want to consider when making an investment decision. Both companies are marketed as renewable energy investments, but their actual exposure to renewable energy is very different. NextEra Energy Partners is highly exposed to renewable energy, as that industry contributes the vast majority of its revenue and profit: The company reports that around 80% of its revenue were created with its renewable energy business, both in the most recent quarter and in the Q1-Q3 2022 time frame. By contrast, around 20% of NEP's revenue was generated by its pipeline services, which could be called a hydrocarbon or "old energy" business. NextEra Energy Inc., on the other hand, is not as heavily exposed to renewable energy. NEER, NEE's renewable energy business unit, contributed just $1.6 billion of the company's overall revenue of $6.7 billion during the most recent quarter, or 24%. The majority of NEE's revenue is contributed by Florida Power & Lighting, a regulated electric utility. FPL has some renewable energy assets as well, but also uses non-renewable power assets for electricity generation on top of offering distribution etc. Overall, that makes NEE a less renewable-focused company relative to NEP. That does not have to be a bad thing per se, but for an investor that seeks to add renewable energy exposure, NEP with its ~80% exposure seems more suitable than NEE, which is more comparable to a typical regulated electric utility. A stock's valuation should always be considered when making investment decisions. Today, NEE trades at 28x this year's expected net profits, using the midpoint of management's guidance range. That's a pretty high valuation for an electric utility, and explains why NEE only receives a Valuation Score of F. Meanwhile, NEP is trading at just 8x CAFD today, which translates into a cash flow yield of 12.5% (versus an earnings yield of less than 4% for NEE). Not surprisingly, NEP has a way better Valuation Score of C+. NEP's valuation is thus not perfect, either, but easily outclasses the valuation NEE trades at. For those that prefer to look at net profit for both companies, although one can argue that cash flow is more telling for an LP like NEP, NEP looks way cheaper than NEE, as NEP's forward earnings multiple is 13.5 -- less than half as much compared to the valuation NEE trades at, despite NEP's better growth. Both companies have enjoyed healthy growth in recent years. During the most recent quarter, NEP grew its EBITDA (earnings before interest, taxes, depreciation, and amortization) by 13% year over year, while CAFD (cash available for distributions) grew by an even better 17% year over year. NEP continues to add new assets regularly, which drives its growth, although organic growth via rate increases and output optimization also plays a role. Overall, NEP isn't very large yet, with a market capitalization of $7 billion. An acquisition worth a couple hundreds of millions of dollars is thus enough to move the needle -- that's not true for NEE, which is valued at around $170 billion. Only very large takeovers or new projects move the needle for NextEra Energy, Inc. NEE forecasts that its earnings per share for 2022 will total $2.85 (final results have not been released yet), which would be up by 12% year over year. For a large electric utility, that's still pretty strong, but it's not as exciting as the growth that NEP has been delivering. Going forward, that should hold true as well. NEE is forecasting earnings per share growth of 7% for 2023, while EPS forecasts for 2024 and 2025 stand at 9% and 7%, respectively, using the midpoint of the EPS guidance range for each respective year.NEP, meanwhile, will likely deliver double-digit growth going forward, at least if management is correct. The company forecasts that its cash available for distribution run rate will be around $820 million at the end of 2023, which would be up from $730 million in 2022, which makes for a 12% increase. While management has not given out guidance numbers for 2024 and beyond, the higher growth in 2023, coupled with the fact that driving meaningful inorganic growth is easier as smaller acquisitions can have a larger impact, make me believe that NEP has a good chance of growing faster than NEE in 2024 and 2025 as well. That also impacts the dividend growth rate, which gets us to the next point.
NYSE:NEP
by moonypto
1
ET, ARE ALIENS REAL? PART 2Energy companies are looking interesting to me. This one has a rather nice setup showing for longer term trading, but some of the bigger movements may occur quickly, especially around earnings (14th FEB) Chart is a little weird because I'm still looking at multiple options for this. But overall, teal or orange are both possible based on current trends. I like 20+ as short territory I like 9 and under as buy territory Oh yeah, aliens.. Yep, probably.
NYSE:ET
by nicktussing77
Tailwinds build for Aluminium Paradoxically, aluminium was one of the worst performing base metals over the past month (22 May to 23 June 2023) despite the bauxite ore ban potentially tightening the market. In 2022, Indonesia produced some 21 million tonnes of bauxite, according to data from the US Geological Survey, making it the world’s fifth-largest producer. Almost 85 percent was exported overseas. According to data from the International Aluminium Institute, global production of primary aluminium registered a slight increase of 0.2% month-on-month in May 2023. The information portal Shanghai Metals Markets has reported that aluminium producers in the Yunnan region in China have been permitted since 17 June to ramp their operations up again after having been forced to scale them back since last autumn because electricity was rationed due to drought. However, the ongoing heatwaves in many parts of China may drive production halts back again. Aluminium futures inventory is 21% lower than 3 months ago, mainly as a result of Shanghai Futures Exchange inventory declining over that time window. This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
COMEX:ALI1!
by aneekaguptaWTE
Legrand (LR.pa) bearish scenario:The technical figure Channel Up can be found in the daily chart of the French company Legrand (LR.pa). Legrand is a French industrial group. It is one of the world leaders in electrical and digital building infrastructures and connected solutions. Legrand is established in 90 countries and its products are distributed in nearly 180. It generates 85% of its sales internationally. The group has expanded its product range in sustainable development and energy saving technologies, and has developed new products for EV charging/electric vehicles, lighting control and datacenters. The Channel Up broke through the support line on 23/12/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 17 days towards 71.80 EUR. Your stop-loss order, according to experts, should be placed at 85.88 EUR if you decide to enter this position. Legrand, a world leader in electrical, digital infrastructure and connected solutions, has announced its acquisition of Encelium, an Ontario, Canada-based manufacturer of advanced commercial lighting controls. The acquisition of Encelium brand and products, which takes effect immediately, comes as part of Legrand's ongoing global strategy to further strengthen its position in the commercial lighting control sector. A leader in this category, Encelium is already an integral component within thousands of buildings, supporting the needs of occupants, tenants, and facilities managers through people-centric lighting and energy efficiency. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:LRShort
by legacyFXofficial
ENEL (1W) Pottential reversal for Enel during winter ? Hello Folks, Seems like Energy Sector is attractive right now. Looking at many European companies (Producers and Electricity Suppliers) could reveal interesting bets for mid-term // or several months during Winter. ENEL is one of Such companies. Need to dig deeper into Fundamentals. BUT for now considering Technical Analysis of Chart. Seems like Stock is down 50% from last year top. A) If it Holds price around 4.5 and turn up. It could be last impulsive wave UP (Wave 5 of bigger TimeFrame). Which could last 6-12 months. = Back to Price around 9. Right now the stock can be Attractive with Forward Dividend at 7,71%. P/E at 16 is probably too expensive (Compared to CEZ at 11.7, which should be way better company) B) If it drops below, it means Overlaping of waves marked as 1 and 4. (Forbidden in Elliot Wave theory. So it would be completely different structure and its better to stay away. It could drop to the bottom of GREEN long-term channel at 3.5 or even deeper. For now I Will not enter position, but will dig deeper into fundamentals and certainly let you know very soon. Let me know if somebody follow this company or other European Energy companies ;)
MIL:ENEL
by Longevity_Contrarian
Crude Oil (1D) Correction probably finished, Ready for Rally ? Hello Traders, Seems like Crude oil formed amazing 1:1 (A:C) Corrective pattern as setup for next Bullish Rally. So there could be several more months with prices and gains for miners. Also it could cause increase of Inflation and Electricity prices. I´m staying out of this market, because I really lack experience how to play it (Any advice in comments is highly appreciated). My best guess is to find some undervalued Oil Miners if its still possible. (well played with OXY Mr. Buffet)... Enjoy the markets and stay green ;)
BLACKBULL:WTILong
by Longevity_Contrarian
2
Breakout From Consolidation Wedge $VICRAfter another ~ year & 1/2 consolidation period, it appears that Vicor may be ready to break from its wedge. A few hints that stood out in my eyes: -Bottoming stochastics on the weekly timeframe -Considerable jump in recent buyer volume -Clear break past the 0.786 fib level ($100.73), which has proved to be a formidable resistance in the past This chart and analysis should always be seen as just an opinion on current trends and shouldn't be taken as advice to trade any security. Do your research before placing any orders! GLTA.
NASDAQ:VICRLong
by ClargyInvesting
Proterra PTRA (1D) Mid Term Plan - LongHi Traders, This is just my Idea about very potential company for next 5-10 years. (If electromobility can win th battle against hydrogen, than this is one of TESLA competitors.) Consider your RRR Strategy + Fundaments (Entire market could get into Bear market as well). Buy zone right now is around 10-7 USD ... Sell zones are marked for partial take profit. Always look for RSI and MACD Convergencies / DIvergencie - in this ase at least 1D/1W timeframe. Good luck and enjoy the game ;)
NASDAQ:PTRALong
by Longevity_Contrarian
5
USA. Taxes. China. Crisis. Electricity. Europe. BitcoinThe world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis. It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012. Britain is developing a plan to build a 3,800 km long transmission line off the coast of Morocco. There will build wind farms. They will be able to meet as much as 5% of Britain's electricity needs. By the way, they will lose up to 30% of the generated electricity in the submarine cables. All countries in whose territorial waters the cable runs will have to pay a constant fee. There has never been a more costly energy project on the planet. Last year, in 2020, China permanently abandoned imports of coal from Australia, which covered 25% of the Celestial Empire's electricity generation. Most interestingly, China has not sent proposals to, for example, the Russian Ministry of Energy to organize coal exports. It simply increased its consumption of liquefied gas. The result was not long in coming. The largest factories all over China receive a schedule of power outages. The schemes include 2 in 2 or 1 in 3 days. The most extensive electricity consumers are the industrial companies. They will work only 3 or 4 days a week. Orders from major technology companies are in jeopardy. It is the most trivial issue we have. The fact is that almost all manufacturers in the world in mechanical engineering, electronics, pharmaceuticals, light industry, and the food industry are dependent on component supplies from China. They couldn't invent anything better than an energy crisis in China to disrupt global supply chains, production processes and provoke mass unemployment and hunger. There are two global dangers in the world right now. The first is the bankruptcy of the Chinese mega-developer Evergrande, which threatens to bankrupt dozens of businesses in China and even more investment funds in the United States. The second is a default by the U.S. federal government, which could occur soon. So far, there is not a hint of consensus among congressmen (Democrats and Republicans) about the issue of raising the limit of the federal budget borrowing by $3.5 trillion. Such a decision would automatically be associated with a bill to change the taxation rules in the United States. Biden signs a government funding bill to prevent a shutdown. So-called unrealized gains will now be taxed. For example, you own a house for $400,000, and last year it went up in value to $600,000. In that case, you immediately owe $60,000 to $100,000 in taxes. So if you don't currently have that money, you will need to sell your house to pay your taxes. The same goes for cryptocurrency owners. Let's suppose that you have Bitcoin in your portfolio, and it has grown in value by 300% during a year. You don't want to sell it. You are waiting for the price of $300k per BTC. In case of this law is passed, you have to pay taxes and have to sell half of your bitcoins to pay taxes.
OANDA:SPX500USD
by EXCAVO
34
PCG - Going as Planned***None of the idea I share, including this one, should be taken as financial advise. Tread lightly and if ever you find yourself certain of something, think again.*** Previous Idea and Trend In my previous idea (linked) on PCG I said I'd expect this stock to struggle downward most of the summer and reach a strong support level in the low $9.00 range. This has been the case so far and there's not much that's changed to affect my view, at this point. Reiteration I still believe the current price level is this stock's bottom until there are other catalysts. It will remain around this level for the remainder of the summer with a possible break-out later this year (October or November). Other News PCG's decision to burry 10,000 miles of cable to mitigate fire risk is, in my view, an attempt to save face given the present concerns over PCG's role in the Dixie fire and sensitivity around the wildfire subject at large. I say this because cable burial, even when done as cheaply as feasible, is very expensive when compared to overhead installations. My preference would have been for PCG to make large investments in overhead protection of assets (specifically fuse-linked cutouts and surge-arrester failures). There are plenty of asset protection devices that almost completely mitigate the chance of asset failure and subsequent fire creation. This could have been done with fractions of the cost of cable burial and could have been done system wide instead of only across select segments (where the likelihood the most effectual burial segments could be miss-identified is high). In my estimation, this move's short-sightedness it mitigated by the comfort provided from concern management is showing toward future fire prevention. Dixie Fire and PCG From what I've read, it seems very unlikely PG&E had a role in starting the Dixie fire; more so considering the exact verbiage of any legal challenge would include the word "negligent". Thus far, legal "challenges" have been political in nature rather than legally interesting: All fear, loathing, and grand-standing. Even if PG&E is found to have behaved negligently resulting in the Dixie fire, the structure of AB 1054 provides reasonable downside protection. The Fed's Role As always, in this current market, we have to consider Fed actions. If talk of asset tapering manifests into actual tapering I would expect this stock to fall. We shall see. Position Additions I'm still not looking to add to my position until the common stock reaches mid-to-low $7.00 range.
NYSE:PCG
by forever_green
Hurry Up and Wait on SO***None of my ideas, this on included, are financial advise. Tread cautiously. Markets are know to enjoy punishing the un-wary.*** Previous Idea, Profit, and Short-term Movement I've shared a couple ideas on Southern Company and thus far the stock movement has been very predictable; moving around earnings and payouts. Based on my previous idea (linked), I just made a nice profit on Feb 2022, $65 strike calls for SO. I think from here we'll move back to near fair value ($60-$61) over the next month or two. This is a good place to enter a short position. I don't like buying puts as risk is high but a covered call would be an acceptable position, in my view. Catalyst for Change My belief is this equity will move as it has for the past year-and-a-half until the Fed tapers bond purchases. I believe once a taper is announced there will be a flight to blue-chip/high capital asset companies (like SO and other utilities). This may manifest as an increase in price of SO stock that breaks its recently established trend. (for example, see price action from late 2018 to early 2020). Lifetime Valuation This should not be construed as a bearish flag on SO's stock, overall. This idea only shares my thoughts on the probable trajectory of the stock in the short term. My overall valuation on this company is very bullish; specifically given the considerable upside with their Vogtle nuclear project.
NYSE:SOShort
by forever_green
Possible SO Buying PointMomentum on the daily is moving favorably though the stock didn't hold the engulfing pattern. RSI corroborates the downward trend with most recent standing of "oversold" as it touches the 200 SMA. I'm looking at a bounce off the 200 SMA over the next couple weeks to hold the upward trajectory SO's held since May 2020. If we can't hold the 200 SMA this week I'm looking for a downturn toward ~$57.00 I'll be looking to add to my position this week if things still look relatively strong Thursday.
NYSE:SOLong
by forever_green
Buy $PAM - NRPicks 14 MarPampa Energía S.A., an integrated electricity company, is engaged in the generation, transmission and distribution of electricity in Argentina. It operates through the electricity generation, electricity distribution, oil and gas, petrochemicals, and holding and other businesses segments. For context, the unemployment rate in Argentina decreased to 11.7% in the third quarter of 2020 from 13.1% in the prior period, decreasing from the highest unemployment rate since the third quarter of 2004. The monthly inflation rate in Argentina fell to 3.6% in February 2021 from 4.0% in January and in line with market expectations and is close to present its GDP growth (Y / Y). - Income in 2020 $ 1.07B - ADJ EBITDA $ 750M - P / S 0.82 - P / B 0.57 - P / E 10.01 - Sales past 5Y 100.60% Technical: Support at $ 12.70 MACD Level (12, 26) 0.05 Average RSI levels
NYSE:PAMLong
by NewroadTrader
Why $FRSX stock exploded from December?2 Catalysts drove the price higher: 1. Foresight: Rail Vision Enters Electrically Powered Light Rail Vehicle Multi-Billion Dollar Market with Order from Knorr-Bremse. Rail Vision will supply two light rail vehicle system samples and will begin the system industrialization project for a total of 400,000 Euro Knorr-Bremse, a $17-billion European-based group, recently invested $10 million in Rail Vision. finance.yahoo.com 2. Foresight: Eye-Net Initiates Pilot Project with a Top Global Vehicle Manufacturer. The pilot will be conducted with the intelligent transport system division of a Japanese vehicle manufacturer. will begin a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer to test its Eye-Net™ Protect cellular-based V2X (vehicle-to-everything) accident prevention solution. finance.yahoo.com
NASDAQ:FRSX
by AlenCiken
4
Newton's 2nd Law and the MarketThis is my first pine script and is (probably) of no practical value whatsoever; however, it is interesting. The idea was to apply Newton's 2nd Law of motion (force = mass x acceleration) to the market and see what pops up. To do this, I applied Ohm's Law, the electrical version of Newton's 2nd, in the following manner; Voltage (V), or potential, is defined as the delta of the high and low (or open and close) of a bar. Amperage (I), or current, is defined as the volume of trades within the bar. Resistance (R) is then calculated using the Ohm's Law formula of R=V/I, and Power (P) is then defined as P=V*I. The plotted values are normalized EMA of the RSI of these series. The implication is that Resistance (R) *should* be the price, and you can see how when using a "voltage" of open/close (vs. low/high), the R line always moves in the opposite directions of the price. When using low/high, it tends to move in the same direction as the price. //@version=4 study(title="Tholonic Pattern", shorttitle="Tholonic", overlay=false) proc(_src,len) => a=rsi(_src, len) a:=ema(a,len) // the EMA is taken 3 times here because three EMAs of 4 is a lot smoother and tighter than one EMA of 16 a:=ema(a,len) a:=ema(a,len) // ————— len = input(title="EMA and RSI Length", type=input.integer, defval=5) showBlu_V= input(title="Show V (blue - hi/lo delta)?", type=input.bool, defval=true) showRed_I= input(title="Show I (red - volume)?", type=input.bool, defval=true) showGre_R= input(title="Show R (green - balanced price)?", type=input.bool, defval=true) showYel_P= input(title="Show P (yellow - 'power')?", type=input.bool, defval=true) showClose= input(title="RSI/EMA of close?", type=input.bool, defval=false) hloc= input(title="Use High/Low (vs Open/Close)?", type=input.bool, defval=true) // using hi-lo vs. close-open has a significent effect pole1 = low pole2 = high if hloc pole1 := open pole2 := close V=pole2-pole1 // Price range defines the range and equates to Voltage, or potential (which equates to FORCE) I=volume // Volume defines the movement and equates to Amperage, or current (which equates to ACCELERATION) R=V/I // Price defines the agreement between two opposing forces and equates to Resistance (which equates to MASS) P=V*I // In the electrical world, this is POWER... no idea what is means here C=close mV=proc(V,len) mI=proc(I,len) mR=proc(R,len) mP=proc(P,len) mC=proc(C,len) // Don't know why this has a differenmt scale than the others lw=1 plot(series=mV,style=plot.style_line, linewidth=lw, color=iff(showBlu_V,color.blue,na)) plot(series=mR,style=plot.style_line, linewidth=lw, color=iff(showGre_R,color.green,na)) plot(series=mI,style=plot.style_line, linewidth=lw, color=iff(showRed_I,color.red,na)) plot(series=mP,style=plot.style_line, linewidth=lw, color=iff(showYel_P,color.yellow,na)) plot(series=mC,style=plot.style_line, linewidth=lw*2,color=iff(showClose,color.aqua,na)) hline(50) var label V_lbl = na var label I_lbl = na var label R_lbl = na var label P_lbl = na var label C_lbl = na var label notice = na label.delete(V_lbl) label.delete(I_lbl) label.delete(R_lbl) label.delete(P_lbl) label.delete(C_lbl) label.delete(notice) spacer =" " // I don't know how to set the x position to teh right of the last bar :/ sadd=" " V_lbl := label.new(bar_index, high, text = spacer+"V", style = label.style_none, size = size.normal) label.set_xy(V_lbl, bar_index, mV) label.set_textcolor(id=V_lbl, textcolor=color.blue) R_lbl := label.new(bar_index, high, text = spacer+sadd+"R", style = label.style_none, size = size.normal) label.set_xy(R_lbl, bar_index, mR) label.set_textcolor(id=R_lbl, textcolor=color.green) I_lbl := label.new(bar_index, high, text = spacer+sadd+sadd+"I", style = label.style_none, size = size.normal) label.set_xy(I_lbl, bar_index, mI) label.set_textcolor(id=I_lbl, textcolor=color.red) P_lbl := label.new(bar_index, high, text = spacer+sadd+sadd+sadd+"P", style = label.style_none, size = size.normal) label.set_xy(P_lbl, bar_index, mP) label.set_textcolor(id=P_lbl, textcolor=color.yellow) if showClose C_lbl := label.new(bar_index, high, text = spacer+sadd+sadd+sadd+sadd+sadd+sadd+"CLOSE", style = label.style_none, size = size.normal) label.set_xy(C_lbl, bar_index, mC) label.set_textcolor(id=C_lbl, textcolor=color.aqua) noticeTxt = hloc ? "Using High/Low" : "Using Open/Close" notice := label.new(bar_index,90, text = noticeTxt, style = label.style_none, size = size.large) label.set_textcolor(id=P_lbl, textcolor=color.white)
COINBASE:ETHUSD
by duncanstroud
This will be the most brutal Bitcoin Halving in history.Production cost is about to double to $14,000. 70% above the current price. Last halving, price was just 10% below Production cost, and Price & Hash Rate collapsed -20%. Bitcoin Production Cost script just updated with the latest data: - CBECI electrical data as at 11 May 2020 - Now uses 2 week rolling data for finer granularity (while balancing TradingView load time). - Uses 4c/kWh (lower end of CBECI and Coinshares global average Mining electrical cost estimates). Without FOMO now (large price appreciation over next week), expect a big miner capitulation: 30%+ reduction in Hash Rates.
BITMEX:BTCUSD.P
by capriole_charles
33