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Nextera Energy Partners Earns Relative Strength Rating Upgrade

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In a welcome move, Nextera Energy Partners ( NEP ) saw its Relative Strength Rating rise from 70 to 73 on Wednesday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 as they begin their biggest runs. See if Nextera Energy Partners can continue to rebound and hit that benchmark.

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Nextera Energy Partners is now considered extended and out of buy range after clearing a 33.05 buy point in a first-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

Nextera Energy Partners reported negative growth for both sales and earnings last quarter.

The company earns the No. 9 rank among its peers in the Energy-Alternative/Other industry group. Ormat Technologies ( ORA ), Algonquin Power & Utility ( AQN ) and TPI Composites ( TPIC ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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