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Here's Why NextEra Energy (NEE) Fell More Than Broader Market
ZACKS· 2024-12-17 23:51
The latest trading session saw NextEra Energy (NEE) ending at $72.23, denoting a -0.77% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.39% for the day. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.32%.Shares of the parent company of Florida Power & Light Co. Witnessed a loss of 4.71% over the previous month, trailing the performance of the Utilities sector with its loss of 3.7% and the S&P 500's gain of 3.6%.Investors will ...
This Magnificent Dividend Stock Continues to Add More Power to Its Growth Engine
The Motley Fool· 2024-12-12 09:41
Core Viewpoint - NextEra Energy has a strong dividend track record and is well-positioned for future growth, driven by its expanding energy resources segment and partnerships with major companies [1][11]. Group 1: Dividend Growth and Performance - NextEra Energy has increased its dividend every year for the past three decades, achieving a 10% compound annual growth rate over the last 20 years, resulting in total returns exceeding 15% annually [1]. - The company anticipates dividend growth of around 10% per year through at least 2026, supported by its growing earnings and low dividend payout ratio [8]. Group 2: Growth Drivers - NextEra Energy's energy resources segment has been a significant growth driver, owning a portfolio of power-generating assets that supply electricity under long-term, fixed-rate power purchase agreements [3]. - The company has partnered with Phillips 66 to build a 30.2-megawatt solar energy facility, which will provide stable cash flow and lower carbon intensity for Phillips 66's renewable fuels facility [4]. - In June, NextEra signed a deal to develop 4.5 gigawatts of solar and energy storage projects for Entergy, in addition to over 1.7 gigawatts already in development [5]. Group 3: Project Backlog and Future Expectations - NextEra Energy secured over 24 gigawatts of projects as of its third-quarter results, with expectations to complete 36.5 to 46.5 gigawatts of projects from 2024 to 2027 [7][8]. - The company plans to accelerate its development pace, projecting 14.1 to 17.1 gigawatts in 2024 and 2025, increasing to 22.4 to 29.4 gigawatts in 2026 and 2027 [8]. Group 4: Market Position and Opportunities - NextEra Energy is positioned to capture a significant share of the expected tripling of renewable energy capacity deployment in the U.S. over the next seven years, driven by increasing power demand from sectors like AI data centers and electric vehicles [9]. - The company is actively working with two Fortune 50 companies to potentially develop up to 10.5 gigawatts of renewable and energy storage projects by 2030 [6].
NextEra Energy: The Power of Dividend Growth Over Yield
The Motley Fool· 2024-12-11 15:15
You can buy shares of NextEra Energy (NEE 0.19%) and collect a 2.7% yield. Or you could buy a rival such as Dominion Energy and collect a much fatter 4.7% yield. Both are large and fairly well-run utilities, but which one is the better dividend choice? The answer might very well be the stock with the lower yield. Here's why.What does NextEra Energy do?NextEra Energy is one of the largest utilities in the United States. Its core operations consist of regulated electric utilities in Florida, with Florida Powe ...
NextEra Energy (NEE) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-12-05 23:46
NextEra Energy (NEE) closed the latest trading day at $76.20, indicating a +0.61% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, lost 0.18%.Heading into today, shares of the parent company of Florida Power & Light Co. Had gained 1.64% over the past month, lagging the Utilities sector's gain of 2.52% and the S&P 500's gain of 6.66% in that time.Market participants will be closel ...
NextEra Energy (NEE) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-11-29 23:51
In the latest market close, NextEra Energy (NEE) reached $78.67, with a +0.19% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.56%. At the same time, the Dow added 0.42%, and the tech-heavy Nasdaq gained 0.83%.Shares of the parent company of Florida Power & Light Co. Have depreciated by 0.92% over the course of the past month, underperforming the Utilities sector's gain of 1.55% and the S&P 500's gain of 3.11%.The investment community will be paying cl ...
NEE Trades at Premium to Industry: How to Play the Stock?
ZACKS· 2024-11-27 16:06
NextEra Energy’s (NEE) shares are trading at a premium compared to the Zacks Utility - Electric Power industry. Its price-to-earnings F12M 21.26X is higher than the industry average of 16.78X and the broader Zacks Utilities sector’s average of 17.18X.Image Source: Zacks Investment ResearchStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.NextEra Energy has been a steady performer in the utility space and has gained 37.2% in the past year, outperforming its industry’s rally of 26.6%. T ...
NextEra Energy: An Attractive Option For A Buy-And-Hold Investment
Seeking Alpha· 2024-11-26 12:47
While utilities are often perceived as a mundane business model with modest returns largely derived from dividend payments, this perception does not apply to all companies in the sector. NextEra Energy (NYSE: NEE ) standsWith over +10 years of investment experience, I have made my bachelors degree in International Business and Management, followed by a Masters degree in Finance. Finally but no less important I achieved the CAIA Charter in late 2023. Currently, my daily work involves to adequate manage High ...
Why Is NextEra (NEE) Down 6.6% Since Last Earnings Report?
ZACKS· 2024-11-22 17:36
A month has gone by since the last earnings report for NextEra Energy (NEE) . Shares have lost about 6.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is NextEra due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. NextEra Energy's Q3 Earnings Surpass Estimates, Reve ...
Here is What to Know Beyond Why NextEra Energy, Inc. (NEE) is a Trending Stock
ZACKS· 2024-11-13 15:06
NextEra Energy (NEE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this parent company of Florida Power & Light Co. Have returned -10.3%, compared to the Zacks S&P 500 composite's +3% change. During this period, the Zacks Utility - Electric Power industry, which NextEra falls in, has lost 0.7%. The key question now is: What could be the stock's future d ...
NextEra Energy Investments and SOSA announce the 2025 Seed Competition, offering up to $1 million in funding
GlobeNewswire News Room· 2024-11-10 16:47
NEW YORK, Nov. 10, 2024 (GLOBE NEWSWIRE) -- NextEra Energy Investments (NEI) and SOSA are excited to announce their partnership for the 2025 edition of the NextEra Energy Investments Seed Competition. Pre-Series A startups have the opportunity to receive up to $1 million in capital investment from NEI. The competition invites applications from early-stage companies focused on developing innovative solutions in cybersecurity, data & AI, decarbonization, and energy transition. Last year’s competition resulte ...