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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 ...
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, ...
NextEra Energy Sells $2 Billion Equity Units, Stock Dips
Schaeffers Investment Research· 2024-06-18 14:33
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 ...