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Why NextEra Energy (NEE) is a Top Growth Stock for the Long-Term
ZACKS· 2024-07-18 14:45
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score VGM Score It also includes access to the Zacks Style Scores. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperfor ...
NextEra Energy: Fundamentals And Technicals Solid, But Shares Rally To Fair Value (Rating Downgrade)
Seeking Alpha· 2024-07-16 09:12
With a fair valuation and solid execution by NextEra's management team, NEE's technical situation is generally attractive. Notice in the chart below that shares have rallied through the key $70 mark that I have been discussing over the past year with this stock. Now, about that point of polarity, the next layer of potential selling pressure likely comes into play in the $80 to $82 range – that's the high from last quarter and where the bulls and bears battled from late 2022 through the middle part of last y ...
This Utility Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?
The Motley Fool· 2024-07-16 08:24
The utility sector is not exactly known for being a hot performer, but that didn't stop NextEra Energy (NEE -6.62%) from beating the S&P 500 index in the first six months of 2024. This impressive showing, however, needs to be taken with a grain of salt. Yes, NextEra Energy is a well-run utility with a fast-growing business. But it should only be bought by a certain type of investor. In the first six months of 2024, NextEra Energy's stock price gained roughly 16.5%. By comparison, the S&P 500 rose a slightly ...
NextEra Energy: The Sustainable Powerhouse Fuelling The Future Of AI
Seeking Alpha· 2024-07-16 01:51
As the Bloomberg quote above showed, the company has clean energy and highly favorable demand markets. The company operates through two businesses: Florida Power & Light ("FPL"), which is the largest rate-regulated utility in the United States, and Energy Resources, the global leader in renewable energy and storage. NextEra Energy is powered by two industry-leading companies, strengthened by NextEra Energy FPL isn't just large, according to NEE, but it also has average electricity bills that are 37% below t ...
FE or NEE: Which Is the Better Value Stock Right Now?
ZACKS· 2024-07-15 16:46
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. FE currently has a forward P/E ratio ...
3 Recession-Proof Utility Stocks to Power Up Your Portfolio This July
Investor Place· 2024-07-13 15:55
Recession-proof utility stocks have always been stable dividend payers, making them popular long-term investments. But new exponential demand driven by artificial intelligence transforms these Wall Street wallflowers into high-growth AI plays. According to Goldman Sachs Research analysts, AI is set to drive a 160% increase in data center power demand. With interest rates potentially lowering this year, now is an opportune time to power up portfolios with utilities. These stocks carry interest rate risk that ...
3 Dividend Stocks That Were Home Runs in the First Half (Will the Second Half Be as Good?)
The Motley Fool· 2024-07-13 14:53
Many dividend stocks enjoyed even stronger first-half returns, including NextEra Energy (NEE 1.74%), Targa Resources (TRGP 1.08%), and ExxonMobil (XOM 0.02%). While they'll likely face similar second-half headwinds as the broader market, they stand out to a few Fool.com contributors because they could deliver an encore performance in the second half. And yet there's something unique about NextEra Energy that will still attract investors: dividend growth. Over the past decade, the company's dividend growth h ...
Three Energy Stocks to Buy as the Summer Heat Cranks Up
Investor Place· 2024-07-11 19:44
Exxon Mobile (XOM) It's currently trading at a price of $113+ and is up almost 1% over the last month. The company has reported troubling earnings lately, by missing estimates in three of the last four quarters. Quarterly revenue is down 3.5% over the last year, with earnings down 28.1% over the same period. This is due to volatility in global energy prices, with has significantly impacted the margins XOM has. Source: madamF / Shutterstock.com The stock is considered a 'Buy' and 'Overweight' by multiple rep ...
NextEra Energy (NEE) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-07-10 22:52
In the latest trading session, NextEra Energy (NEE) closed at $72.90, marking a +1.08% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.02% for the day. Meanwhile, the Dow experienced a rise of 1.09%, and the technology-dominated Nasdaq saw an increase of 1.18%. Analysts and investors alike will be keeping a close eye on the performance of NextEra Energy in its upcoming earnings disclosure. On that day, NextEra Energy is projected to report earnings of $0.92 per share ...
NextEra Energy announces date for release of second-quarter 2024 financial results
Prnewswire· 2024-07-10 10:30
JUNO BEACH, Fla., July 10, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report second-quarter 2024 financial results before the opening of the New York Stock Exchange on Wednesday, July 24, 2024, in a news release to be posted on the company's website at www.NextEraEnergy.com/FinancialResults. The company will issue an advisory news release over PR Newswire the morning of July 24, with a link to the financial results news release on the company's website. As previou ...