NextEra Energy Stock Drops After Announcing Plans To Sell $2B of Equity Units

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$69.94 as of 2:30 p.m. ET Tuesday, though despite Tuesday's losses, ...