This knee-jerk market will give FPL a beating today, probably much worse than 3 cents and lower guydance warrants. That's when to buy.
There is only one direction for wind and solar to go and that is growth. Sooner or later the Florida economy will grow again and FPL will get some rate increases.
The shares I bought in the 20s, 30s and low 40s vastly outnumber the shares I recently bought at 55. I'm holding for dividend growth which beats inflation, so short term market swings are meaningless to me. Today should give investors with similar objectives a bump in yield.