28 January 2026 | 9:13PM EST Equity Research AMERICAS US Power Pipeline: Total capacity additions reached 80% of GSe in 2025 with ~50 GW added The pace and sourcing of US power infrastructure is a front and center area of focus for investors given implications for the pace of AI deployment as a driver of our 2.6% CAGR in US power demand through 2030. In this note, we analyze the generation capacity data from the EIA to track currently planned and added capacity. We believe Parts/People availability are amon ...

NextEra Energy (NYSE: NEE) is the country's largest electric utility and a leader in developing clean energy infrastructure. That puts it in one of the best positions to capitalize on the surge in energy demand from AI data centers and other catalysts. Robust energy demand enabled the company to generate strong earnings growth last year, while positioning it to continue delivering high-powered growth in 2026 and beyond. Where to invest $1,000 right now? Our analyst team just revealed what they believe are ...

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. NextEra Energy is doubling down on its strategy of investing in gas to serve hyperscalers as its development pipeline remained fairly stable last quarter, according to its latest earnings report. Executives said on a quarterly earnings call on Tuesday that they are still planning to deliver about 15 GW of new generation to data center power supply “hubs” by 2035,  ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: NextEra Energy (NEE) - NextEra Energy currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), which is associated with a strong historical performance [3] Performance Metrics - Over the past week, NEE shares increased by 1.41%, while the Zacks Utility - Electric Power industry declined by 0.83% [5] - In the last month, NEE's price change was 8.22%, outperforming the industry's 4.22% [5] - Over the past quarter, NEE shares rose by 6.68%, and over the last year, they gained 23.55%, compared to the S&P 500's increases of 1.81% and 17.32%, respectively [6] Trading Volume - NEE's average 20-day trading volume is 8,598,535 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for NEE have been revised upwards, with no downward revisions, raising the consensus estimate from $3.97 to $3.99 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, NEE is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Company Overview - NextEra Energy, Inc. (NEE) is based in Juno Beach, Florida, and is involved in generating, transmitting, distributing, and selling electric power, as well as operating multiple commercial nuclear power units. The company has a market cap of $148.6 billion and generates electricity through wind, solar, and natural gas projects. NEE owns Florida Power & Light Company, which serves approximately 5.9 million customer accounts, equating to over 12 million people in Florida [1]. Stock Performance - NEE shares have outperformed the broader market over the past year, gaining 18%, while the S&P 500 Index has increased by nearly 16.1%. Year-to-date (YTD) in 2026, NEE stock is up 8.6%, compared to the SPX's 1.9% rise [2]. - Compared to the Utilities Select Sector SPDR Fund (XLU), which has gained about 11.9% over the past year, NEE's YTD returns also exceed the ETF's 1.7% gains [3]. Financial Results - On January 27, NEE reported its Q4 results, with an adjusted EPS of $0.54, surpassing Wall Street expectations of $0.53. However, the company's revenue was $6.50 billion, slightly missing forecasts of $6.52 billion. NEE expects full-year adjusted EPS to be in the range of $3.92 to $4.02 [4]. Earnings Expectations - For the current fiscal year ending in December, analysts expect NEE's EPS to grow by 7.6% to $3.99 on a diluted basis. The company has a strong earnings surprise history, beating consensus estimates in each of the last four quarters. Among 23 analysts covering NEE, the consensus rating is a "Moderate Buy," consisting of 14 "Strong Buy" ratings, eight "Holds," and one "Strong Sell" [5]. Analyst Ratings and Price Targets - The current analyst configuration is less bullish than three months ago, with 15 analysts suggesting a "Strong Buy." BofA analyst Ross Fowler maintained a "Neutral" rating on NEE and raised the price target to $87. The mean price target of $89.81 indicates a 3.1% premium to NEE's current price levels, while the highest price target of $104 suggests an upside potential of 19.3% [6].

BMO Capital将Nextera Energy的目标价从89美元上调至93美元，维持"跑赢大市"评级。(格隆汇) ...

新纪元能源去年宣布将重启爱荷华州的杜安阿诺德核电站，为谷歌数据中心供电。该公司表示目前有能 力在现有核电站址新增6GW新核电技术以满足数据中心需求，同时也在考虑通过绿地项目开发先进核 电。 智通财经APP获悉，在周二业绩公布后的财报电话会议上，新纪元能源(NEE.US)表示正考虑扩大核电站 规模，为数据中心供电，并透露已进入为额外9GW服务器仓库供电的深入谈判阶段。 凯彻姆还称，公司预计今年将在其佛罗里达州受监管公用事业业务范围内，宣布与大型用电客户(通常 是数据中心)的合作。 财报显示，新纪元能源第四季度净利润从去年同期的12亿美元增至15.4亿美元，每股收益为0.73美元， 上年同期为0.58美元；调整后每股收益0.54美元，较华尔街共识预期高出1美分；营收同比增长20%至65 亿美元，但低于分析师预期。 公司重申2026财年调整后每股收益指引为3.92-4.02美元，并维持预期：到2032年前调整后每股收益年复 合增长率将保持8%以上，且该趋势预计将延续至2032-2035年期间。所有预测均基于2025年全年调整后 每股收益3.71美元。 首席执行官约翰·凯彻姆表示，新纪元能源正从其位于威斯康星州和新罕 ...

Core Insights - NextEra Energy, Inc. (NEE) reported fourth-quarter 2025 adjusted earnings of 54 cents per share, exceeding the Zacks Consensus Estimate of 53 cents by 1.9% and reflecting a year-over-year increase of 1.9% [1][8] - The company's GAAP earnings per share for the fourth quarter were 73 cents, compared to 58 cents in the same period last year [1] Revenue Performance - NEE's operating revenues for the fourth quarter were $6.5 billion, slightly missing the Zacks Consensus Estimate of $6.52 billion by 0.33%, but showing a year-over-year improvement of 20.7% [2] Segment Results - Florida Power & Light Company (FPL) generated revenues of approximately $4.27 billion, a 10.8% increase from the prior year's $3.86 billion, with earnings of 46 cents per share compared to 41 cents in the previous year [3] - NextEra Energy Resources reported revenues of $2.18 billion, up from $1.45 billion year-over-year, with earnings of 20 cents per share compared to 22 cents in the year-ago quarter [3] - Corporate and Other segment had operating revenues of $111 million, up from $82 million in the prior year, but reported an operating loss of 12 cents per share, wider than the previous year's loss of 10 cents [4] Growth Drivers - FPL's growth was driven by ongoing business investments, with capital expenditures of around $2.1 billion in the quarter and total capital investments of $8.9 billion for the full year [5] - NextEra Energy Resources added 3.6 gigawatts (GW) to its backlog, bringing the total backlog to 29.8 GW, with over 3.6 GW of new projects placed into service as of January 27, 2026 [6] Financial Update - As of December 31, 2025, NEE had cash and cash equivalents of nearly $2.81 billion, up from $1.49 billion a year earlier, while long-term debt increased to $89.56 billion from $72.4 billion [7] - Cash flow from operating activities in 2025 was $12.48 billion, down from $13.26 billion in 2024 [7] Future Guidance - NEE reaffirmed its 2026 adjusted earnings per share guidance of $3.92 to $4.02 and expects a compound annual growth rate in adjusted earnings per share of over 8% through 2032 [9] - The company aims to add 76,600-107,600 megawatts (MW) of renewable power projects to its portfolio from 2026 to 2032 and anticipates growing dividends per share at approximately 10% annually through 2026 [10]

Core Viewpoint - NextEra Energy reported strong operational and financial performance for 2025, with a focus on growth in renewable energy, large-load customer demand, and strategic investments to support Florida's energy needs through a new rate agreement with Florida Power & Light (FPL) [1][4][6]. Financial Performance - NextEra delivered adjusted EPS of $3.71 for 2025, representing an increase of over 8% from 2024, and expects adjusted EPS for 2026 to be in the range of $3.92 to $4.02, targeting the high end of that range [3][7]. - The company reiterated its long-term financial framework, projecting adjusted EPS growth at a compound annual growth rate (CAGR) of 8%+ through 2032 and maintaining dividend growth expectations of approximately 10% per year through 2026 and 6% per year from 2026 to 2028 [2][7]. Investment and Growth Strategy - FPL has secured a four-year rate agreement with an allowed midpoint return on equity (ROE) of 10.95% and plans to invest between $90 billion and $100 billion through 2032 to support growth while maintaining affordability for customers [1][6]. - FPL's typical retail bill is over 30% lower than the national average, with expectations for residential bills to rise about 2% annually from 2025 to 2029, which is below the current inflation rate of around 3% [7]. Renewable Energy and Storage - NextEra Energy Resources grew its backlog to approximately 30 GW, adding about 13.5 GW, and placed 7.2 GW into service in 2025, with storage representing nearly one-third of the backlog [5][12]. - The company has secured solar panels and domestic batteries through 2029, ensuring supply chain stability for its projects [13]. Large-Load Demand - FPL has seen significant interest from large-load customers, totaling over 20 GW, with advanced discussions on about 9 GW that could begin being served as soon as 2028 [9][10]. - The large load tariff is designed to provide competitive pricing while protecting existing customers from infrastructure costs associated with new large-load demands [9]. Infrastructure and Development - NextEra Energy Transmission has secured $8 billion in regulated capital and has been selected to develop a $1.7 billion high-voltage transmission line to enhance power flow across the region [14]. - The company is advancing the recommissioning of the Duane Arnold nuclear plant and exploring opportunities at Point Beach and Seabrook Station, with a focus on nuclear capacity [16][17]. Technology Initiatives - NextEra is partnering with Google Cloud for an enterprise AI transformation initiative called "REWIRE," with plans to launch an AI-enabled product focused on field operations and grid reliability [19].

Core Insights - NextEra Energy (NEE) reported $6.5 billion in revenue for Q4 2025, a year-over-year increase of 20.7% [1] - The EPS for the same period was $0.54, slightly up from $0.53 a year ago, with an EPS surprise of +1.89% [1] - The revenue reported was a slight miss of -0.33% compared to the Zacks Consensus Estimate of $6.52 billion [1] Financial Performance Metrics - Florida Power & Light (FPL) operating revenues were $4.27 billion, exceeding the average estimate of $3.94 billion by analysts, reflecting a +10.8% year-over-year change [4] - NextEra Energy Resources (NEER) reported operating revenues of $2.12 billion, which was below the estimated $2.75 billion, but showed a significant +46.2% increase compared to the previous year [4] - Operating income for FPL was $1.51 billion, surpassing the estimated $1.28 billion [4] - NEER's operating income was $191 million, significantly lower than the average estimate of $959.97 million [4] - Corporate & Other segment reported an operating loss of $112 million, worse than the estimated loss of $52.5 million [4] Stock Performance - NextEra shares have returned +6.5% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]