Comparing Enlight Renewable Energy (NASDAQ:ENLT) & NextEra Energy Partners (NYSE:NEP)

NextEra Energy Partners (NYSE:NEPGet Free Report) and Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) are both oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their profitability, earnings, risk, analyst recommendations, institutional ownership, dividends and valuation.

Institutional and Insider Ownership

66.0% of NextEra Energy Partners shares are owned by institutional investors. Comparatively, 38.9% of Enlight Renewable Energy shares are owned by institutional investors. 0.1% of NextEra Energy Partners shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for NextEra Energy Partners and Enlight Renewable Energy, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NextEra Energy Partners 2 12 3 0 2.06
Enlight Renewable Energy 0 2 2 0 2.50

NextEra Energy Partners presently has a consensus target price of $33.79, suggesting a potential upside of 30.35%. Enlight Renewable Energy has a consensus target price of $18.75, suggesting a potential upside of 14.40%. Given NextEra Energy Partners’ higher possible upside, research analysts clearly believe NextEra Energy Partners is more favorable than Enlight Renewable Energy.

Profitability

This table compares NextEra Energy Partners and Enlight Renewable Energy’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
NextEra Energy Partners 23.55% -0.48% -0.30%
Enlight Renewable Energy 23.15% 4.47% 1.46%

Valuation & Earnings

This table compares NextEra Energy Partners and Enlight Renewable Energy’s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
NextEra Energy Partners $1.08 billion 2.25 $200.00 million $3.05 8.50
Enlight Renewable Energy $255.70 million 7.41 $70.92 million $0.51 32.14

NextEra Energy Partners has higher revenue and earnings than Enlight Renewable Energy. NextEra Energy Partners is trading at a lower price-to-earnings ratio than Enlight Renewable Energy, indicating that it is currently the more affordable of the two stocks.

Risk & Volatility

NextEra Energy Partners has a beta of 1.03, meaning that its stock price is 3% more volatile than the S&P 500. Comparatively, Enlight Renewable Energy has a beta of 1.67, meaning that its stock price is 67% more volatile than the S&P 500.

Summary

NextEra Energy Partners beats Enlight Renewable Energy on 8 of the 14 factors compared between the two stocks.

About NextEra Energy Partners

(Get Free Report)

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.

About Enlight Renewable Energy

(Get Free Report)

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects. The company was incorporated in 1981 and is headquartered in Rosh Haayin, Israel.

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