The shares of NextEra Energy Inc (NYSE:NEE) are down 3.8% to trade at $69.55, and earlier fell as low as $68.97, after the utility company announced the sale of $2 billion equity units to Wells Fargo and BofA Global Securities. The company also reaffirmed its long-term growth expectations and plans to meet with investors through June. The shares are one of the worst performers on the S&P 500 Index (SPX) today. On the charts, NEE has shed 13.66% off its May 30, 52-week high of $80.47, but is still up 15% sin ...

The net proceeds from the sale of the equity units, which are expected to be approximately $1.94 billion (after deducting the underwriting discount and other offering expenses), will be added to the general funds of NextEra Energy Capital Holdings. NextEra Energy Capital Holdings expects to use its general funds to fund investments in energy and power projects and for other general corporate purposes, including the repayment of a portion of its outstanding commercial paper obligations. In approximately thre ...

NextEra Energy (NYSE:NEE) stock is trending on social media and business news websites, and its shares are down about 4% in early trading. The company plans to sell $2 billion of equity units. NextEra owns the nation's largest electric utility, Florida Power & Light, and sells large amounts of electricity derived from renewable sources. In fact, the company owns more renewable energy assets than any other firm in America. Investors Have Been Upbeat on Electric Utilities The Price Action of NEE Stock The pur ...

The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50 that serve as a contract to purchase shares no later than June 1, 2027. Utility companies have rallied this year as investors and analysts grow bullish on rising electricity demand from data centers, the return of manufacturing to the U.S., and the electrification of the vehicle fleet. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% ga ...

The holders would be required to complete the stock purchase by no later than June 1, 2027, and their purchase obligations may be satisfied with proceeds raised from remarketing the debentures that comprise part of their equity units. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities to which this communication relates in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to ...

Here are other contrarian delights: three stocks defying analyst expectations for massive gains. There is currently a consensus "hold" rating on Palantir Technologies (NYSE:PLTR) stock. A dozen Wall Street analysts have a median price target on PLTR stock that is 5% lower than where the shares are currently trading. Among the 12 analysts, only two rate the stock a "buy." Valuation seems to be the main concern with Palantir stock trading at 196 times future earnings estimates. For years, analysts were bearis ...

NextEra Energy is extending its growth outlook all the way through 2027. NextEra Energy (NEE -0.16%) has grown at a blistering rate for a utility. It has generated 9% compound annual adjusted earnings-per-share growth over the last decade. That has given it the power to increase its dividend at a 10% compound annual rate. NextEra has raised its payout every year for three decades, one of the longest streaks in the sector. The company's rapidly rising earnings and dividend have generated supercharged total r ...

Investment Thesis Key Points From The Conference During the conference, Ketchum outlined NEE's strategic vision, viewing the present time as an inflection point in the U.S. power market. Over the next two decades, U.S. power demand is projected to grow by 38%, which is a 4x increase in growth compared to the last two decades. The primary drivers of this growth are expected to be data centers, industrial electrification, and reshoring, all of which NEE is strategically positioned to capitalize on. This infle ...

Frederick Doerschem Power demand has been flat for decades but is expected to increase in the US. EIA projected power demand will rise to 4,103 billion kilowatt-hours (kWh) in 2024 and 4,159 billion kWh in 2025 compared with 4,000 billion kWh in 2023. Over a longer time frame, US power demand is expected to grow ~38% over the next twenty years, which is a 4x higher growth rate than seen in the last two decades. Growth is expected to be driven by trends such as industrial electrification, manufacturing onsho ...

PM Images It's been a wild ride for NextEra Energy (NYSE:NEE) over the past year as shares dropped to a 52-week low of $47.15 in October of 2023 before staging a strong rally that exceeded $80 on May 31st, 2024. NEE caught a massive bid coming out of the pandemic as shares propelled to their all-time highs at the end of 2021, and at one point, NEE was a larger company by market cap than Exxon Mobil (XOM). Despite the impact on NextEra Energy Partners (NEP) after cutting its growth guidance in 2023 and NEE d ...