When building your watch list, look for stocks with an 80 or higher RS Rating . Nextera Energy Partners ( NEP ) is one stock that just reached the mark, now earning a score of 84.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their biggest price moves.
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Nextera Energy Partners is working on a consolidation with a 44.10 entry . See if the stock can break out in volume at least 40% above average.
The company reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 6 rank among its peers in the Energy-Alternative/Other industry group. Algonquin Power & Utility ( AQN ), Kenon ( KEN ) and Ormat Technologies ( ORA ) 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.
