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This Energy Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?
The Motley Fool· 2024-07-10 09:47
Analyzing NextEra Energy's first-half power surge NextEra Energy also extended its growth outlook in the first half. The company now expects to increase its dividend by around 10% annually through 2026, a two-year extension from its prior forecast. It anticipates growing its adjusted earnings per share by a 6% to 8% annual rate through 2027, an additional year compared to its prior guidance. This should also give it the power to continue generating strong total returns, even from its currently higher valuat ...
NextEra Energy announces appointment of Geoffrey S. Martha to board of directors
Prnewswire· 2024-07-09 20:15
JUNO BEACH, Fla., July 9, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) announced the appointment of Geoffrey S. Martha to its board of directors. Mr. Martha is chairman and chief executive officer of Medtronic plc, a global healthcare technology company (Medtronic). He assumed the role of CEO on April 27, 2020, and became chairman of the board on Dec. 11, 2020. Prior to his role as chairman and CEO, he served as president of Medtronic from November 2019 to April 2020 and joined the board of directo ...
Why This NextEra Energy Analyst Is No Longer Bullish
Benzinga· 2024-07-01 16:01
NextEra Energy Partners LP NEP shares tanked in early trading on Monday. Loading... The NextEra Energy Partners Analyst: Shelby Tucker downgraded the rating for NextEra Energy Partners from Outperform to Sector Perform, while reducing the price target from $38 to $30. The NextEra Energy Partners Thesis: The suite of solutions offered by the company is insufficient for it to maintain a healthy CAFD run-rate that would satisfy dividend payouts, given its CEPF liability post-2026, Tucker said in the downgrade ...
NextEra Energy (NEE) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-06-27 22:50
NextEra Energy (NEE) closed at $73.72 in the latest trading session, marking a +0.48% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.09%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.3%. The investment community will be closely monitoring the performance of NextEra Energy in its forthcoming earnings report. The company is expected to report EPS of $0.92, up 4.55% from the prior-year quarter. Meanwhile, our l ...
Is NextEra Energy a Millionaire Maker?
The Motley Fool· 2024-06-27 12:20
Data center electricity demand could boost existing tailwinds for solar energy. Energy company NextEra Energy (NEE 0.53%) has been a stellar investment over the years, handily outperforming the S&P 500. A $10,000 investment at the company's IPO would be worth over $700,000 today. Understandably, squeezing out life-changing investment returns gets harder as companies grow larger, and NextEra Energy carries a hefty $150 billion market cap today. Still, investors shouldn't discount NextEra Energy's wealth-buil ...
ETR or NEE: Which Is the Better Value Stock Right Now?
ZACKS· 2024-06-26 16:45
Valuation Metrics - ETR has a forward P/E ratio of 14.77, while NEE has a forward P/E of 21.45 [2] - ETR has a PEG ratio of 2.02, compared to NEE's PEG ratio of 2.50 [2] - ETR has a P/B ratio of 1.57, while NEE has a P/B ratio of 2.54 [9] Earnings Outlook - ETR is currently sporting an improving earnings outlook, making it stand out in the Zacks Rank model [3] - ETR's earnings estimate revision activity has been more impressive, indicating a stronger analyst outlook [1] Value Assessment - ETR holds a Value grade of B, while NEE has a Value grade of D [6] - The Value category highlights undervalued companies by looking at key metrics such as P/E ratio, P/S ratio, earnings yield, and cash flow per share [5] Investment Strategy - The Zacks Rank model favors stocks with strong earnings estimate revision trends and pairs them with an impressive grade in the Value category of the Style Scores system [4] - Value investors analyze traditional figures and metrics to determine if a company is undervalued at its current share price levels [8]
3 Renewable Energy Stocks That Could Make Your Grandchildren Rich
Investor Place· 2024-06-24 17:42
Source: T. Schneider / Shutterstock.com On Semiconductor (ON) anticipated to increase from $2 billion in 2021 to $6.5 billion by 2026. This is a great opportunity to expand within the relatively new renewable energy market. June 11, Shoals announced repurchasing of up to $150 million of its Class A common stock by the end of next year. The board of directors reveals great confidence in the company's long-term outlook. For the next three years, NextEra Energy plans to invest $12 billion in developing solar e ...
Is It Too Late to Buy NextEra Energy Stock?
The Motley Fool· 2024-06-23 05:08
Still, NextEra went from a stock that most investors would find appealing to one that's probably too expensive for value investors. The yield has gone from roughly average for a utility to below average, which limits its appeal for income-focused investors, too. If you're looking to maximize your passive-income stream, you've probably missed out on the opportunity to buy NextEra Energy at a historically generous yield. But the dividend growth shouldn't be ignored. NextEra Energy has been viewed as "expensiv ...
Why the Market Dipped But NextEra Energy (NEE) Gained Today
ZACKS· 2024-06-21 22:50
Shares of the parent company of Florida Power & Light Co. Witnessed a loss of 3.8% over the previous month, beating the performance of the Utilities sector with its loss of 5.2% and underperforming the S&P 500's gain of 3.15%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.40 per share and revenue of $28.71 billion. These totals would mark changes of +7.26% and +2.11%, respectively, from last year. Our research reveals that these estimate alterations ar ...
NextEra Energy Stock Drops After Announcing Plans To Sell $2B of Equity Units
Investopedia· 2024-06-18 18:41
Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com NextEra said it expects that after deducting the underwriting discount and other offering expenses, the sale will raise $1.94 billion. It plans to use the capital to fund investments in energy and power projects, as well as for general corporate purposes, which could include repayment of a portion of its debt. NextEra Energy shares were down 3.3% at $69.94 as of 2:30 p.m. ET Tuesday, though despite Tuesday's losses, ...