NEE - NextEra Energy, Inc.
| Previous Close | 234.56 |
| Open | 234.41 |
| Bid | 234.24 x 800 |
| Ask | 234.70 x 800 |
| Day's Range | 233.51 - 235.43 |
| 52 Week Range | 164.78 - 239.89 |
| Volume | 1279797 |
| Avg. Volume | 1,944,079 |
| Market Cap | 115B |
| Beta (3Y Monthly) | 0.15 |
| PE Ratio (TTM) | 35.04 |
| EPS (TTM) | 6.69 |
| Earnings Date | Jan 23, 2020 - Jan 27, 2020 |
| Forward Dividend & Yield | 5.00 (2.13%) |
| Ex-Dividend Date | 2019-11-27 |
| 1y Target Est | 241.50 |
- Simply Wall St.
Investors Who Bought NextEra Energy (NYSE:NEE) Shares Five Years Ago Are Now Up 129%
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
- Insider Monkey
Not Much Chemistry Between Sanofi (SNY) and Hedge Funds
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
- Zacks
Black Hills Invests $125M, Builds Wind and Pipeline Project
Black Hills' (BKH) recently-completed wind and natural gas pipeline projects will enable it to lower emissions.
- Zacks
NextEra (NEE) Arm to Build 100 MW Solar Project in Arkansas
NextEra Energy Resources is set to increase NextEra Energy's (NEE) clean generation capacity by constructing a 100-MW solar project in Arkansas.
- Zacks
NextEra Energy (NEE) Dips More Than Broader Markets: What You Should Know
NextEra Energy (NEE) closed at $231.34 in the latest trading session, marking a -1.06% move from the prior day.
- PR Newswire
Entergy Arkansas, NextEra Energy Resources announce groundbreaking of Arkansas' largest solar energy project
A subsidiary of NextEra Energy Resources (NYSE: NEE) and Entergy Arkansas (NYSE: ETR) today announced the start of construction of Arkansas' largest universal, utility-scale solar energy project – the Chicot Solar Energy Center. The Chicot Solar Energy Center, when complete, will be bigger than the Stuttgart Solar Energy Center, which came online in 2018 as the state's largest universal solar energy project at that time.
- Zacks
The Zacks Analyst Blog Highlights: Procter & Gamble, Thermo Fisher, PayPal, NextEra Energy and Enterprise Products
The Zacks Analyst Blog Highlights: Procter & Gamble, Thermo Fisher, PayPal, NextEra Energy and Enterprise Products
- Oilprice.com
5 Renewable Stocks To Watch In 2020
As oil stocks continue to lag and pressure for greener energy continues to grow, investors are diving head first into renewables
- Zacks
Top Analyst Reports for Procter & Gamble, Thermo Fisher & PayPal
Top Analyst Reports for Procter & Gamble, Thermo Fisher & PayPal
- Zacks
NextEra's (NEE) Renewable Focus & Long-Term Investments Aid
NextEra Energy's (NEE) $36.6B investment in the 2019-2023 time frame to generate more electricity from renewable sources & expand transmission and distribution lines are likely to aid profitability.
- Investor's Business Daily
Best Dividend Stocks: Do Utility Stocks Have A Chance As Bull Market Strengthens?
Many of the best dividend stocks hail from the utility sector, but can utility stocks outperform amid a strengthening stock market?
- Insider Monkey
NextEra Energy, Inc. (NEE): How Bullish Are Hedge Funds?
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional investors we track […]
- Investopedia
Top Utility Stocks for December 2019
These are the utility stocks with the best value, fastest growth, and most momentum for December 2019.
- Investopedia
Morgan Stanley's Top Picks as Growth Shifts to Emerging Markets
Morgan Stanley favors non-U.S. stocks at this point, and suggests that investors tilt their U.S. equity holdings towards defensive stocks.
- Zacks
NextEra (NEE) Down 0.3% Since Last Earnings Report: Can It Rebound?
NextEra (NEE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
NextEra's (NEE) Unit Starts 74.9MW Project in South Carolina
NextEra Energy's (NEE) unit starts operation of a new solar facility in South Carolina and adds 747 MW of solar generation assets to its renewable backlog during the third quarter.
- Zacks
MDU Resources (MDU) Increases 5 Year Capex Plan by 8.6%
MDU Resources' (MDU) systematic invest enables the company to serve its increasing customer base effectively.
- PR Newswire
NextEra Energy Resources newest solar plant now powering customers in South Carolina
AIKEN, S.C. , Nov. 18, 2019 /PRNewswire/ -- NextEra Energy Resources, LLC today announced the start of operations at its newest solar energy generating facility, the Shaw Creek Solar Energy Center in Aiken ...
- Morningstar
The Renewable Future
Renewable energy is still a small player in the U.S. energy ecosystem, accounting for just 10% of U.S. electricity sales and 7% of U.S. energy consumption, excluding hydropower. Oil, natural gas, nuclear, and even coal will keep us comfortable, charged, and on the go well into the next decade. Tech, consumer, and even oil and gas firms are rushing into renewable energy to establish sustainability cred, and politicians are greening up their resumes.
- American City Business Journals
JEA hasn't started negotiating with buyers — and won't until the state weighs in
Although suitors were picked last month, conversations hasn't begun. Now, the utility wants the state to weigh in on golden parachutes for its executives.
- Bloomberg
The World’s Only $100 Billion Utility Owes Its Rise To Wind Power
(Bloomberg) -- Two decades ago, when coal ruled U.S. power generation, a Florida utility plowed some of its extra cash into a wind farm atop a desolate Oregon plateau.It was the start of an unimaginably successful bet.This year, that company -- now named NextEra Energy Inc. -- became the world’s first utility with a market capitalization of more than $100 billion, thanks largely to its clean-power business. It’s almost twice as valuable as the oil major ConocoPhillips and has developed enough wind and solar farms across the U.S. and Canada to power the entire nation of Greece. Shares have doubled in four years, outperforming virtually every other stock in the industry.“They made a bunch of strategic moves early and aggressively that have paid off very well for them,” said Andrew Weisel, an analyst at Scotia Howard Weil.Not that NextEra started down the clean-energy road with a master plan. The move into renewables happened pretty much by accident after the company began lending money to wind-farm developers. Some of them ran into financial troubles. NextEra forgave debts in exchange for majority stakes in the farms.As it would turn out, the wind farms weren’t duds.“Lo and behold, we did some projects that were quite profitable,”said Lewis Hay III, the company’s chief executive officer from 2001 to 2012.So Hay pulled together a renewable energy team of his own. One of his early moves was to recruit two of his former co-workers from a consulting firm: One was Moray Dewhurst, who eventually served as NextEra’s chief financial officer. The other was Jim Robo, who at the time was an executive for General Electric Co.Robo, a Harvard MBA, became NextEra’s CEO in 2012. He rarely grants media interviews and declined to comment for this story.“Things really took off when Lew, Moray and Jim got together,” Barclays Plc analyst Eric Beaumont said.When Robo came on board in 2002, wind power was a tiny slice of the U.S. power mix. But in another stroke of luck, Congress had just extended a tax credit that would prove to be the key to a wind generation boom across America that’s still going.It helped turn what was a once-sleepy utility -- established in 1925 as Florida Power & Light -- into a global powerhouse.NextEra, which changed its name in 2009 to reflect its growing focus on alternative energy, now has wind and solar farms in about two dozen U.S. states and four Canadian provinces. They total roughly 18 gigawatts, enough to power almost 13 million homes. Last year, its clean power business -- in addition to some natural gas and nuclear plants -- raked in $4.7 billion in profit, 70% of its net income.And the company isn’t done growing. It already has contracts to add another 12 gigawatts of renewables.Challenges remain. The federal tax credit for wind farms is set to start phasing out soon. And in Florida, a campaign is under way to pass a constitutional amendment that would break up monopolies held by NextEra’s utilities, Florida Power & Light Co. and Gulf Power. On an adjusted basis, the company’s utility business still made up the bulk of its earnings last year.Not all of NextEra’s bets have panned out. Its $18 billion attempt to buy Oncor Electric Delivery Co. in Texas crashed and burned. And its $2.6 billion attempt to buy Hawaiian Electric Industries Inc. fell apart, too.And for all the company’s clean energy, NextEra unsuccessfully fought in support of a 2016 measure in its home state of Florida that critics said would have limited rooftop solar growth and, hence, protected utility revenue. The company has a plan to install 30 million solar panels in Florida by 2030 and use batteries to replace fossil-fuel plants in its fleet.Long-Term ContractsNextEra’s strategy has hinged on building projects in states with deregulated power markets that required utilities to buy a certain amount of electricity from wind or solar farms, including Texas and California. It enables NextEra to line up long-term contracts, ensuring revenue for a decade or more.Early on, Robo negotiated a deal with his old company: GE. NextEra had a contract to buy natural gas turbines from the conglomerate. But the market for gas plants was in decline. So the utility convinced GE to rejigger the deal and allow it to buy wind turbines instead.“That’s a cause that led us to scale up our business much faster than maybe otherwise we would have done,” Hay said. The scale soon gave the company an advantage that made it hard for others to catch up.One of Robo’s adages is wind and solar are essentially big data operations. An early sign was in 2006, when NextEra bought WindLogics Inc., a high-tech forecaster. At the time, wind developers relied on WindLogics’s computer modeling techniques to predict wind patterns and pinpoint exactly where to site turbines. By acquiring the company, NextEra locked up that edge for itself.“That became a very powerful advantage,” Stephen Byrd, an equity analyst at Morgan Stanley, said in an interview.The company has said it will do just fine even after the federal tax credit for wind farm expires. The company’s size makes its well positioned to benefit from U.S.’s ongoing shift away from fossil fuels, said Timothy Winter, a portfolio manager at Gabelli Funds LLC.“They’re still in the very early innings of the ball game,” Winter said.(Updates with information on Florida solar project in 17th paragraph)To contact the reporter on this story: Gerson Freitas Jr. in New York at gfreitasjr@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Joe RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
