Why NextEra Energy's Stock Dropped 4.2% Today

The energy industry had a rough day on Wednesday, and NextEra Energy (NEE -3.45%) seemed to face challenges on multiple fronts. Not only is a cold spell hitting the U.S., interest rates are up and fuel costs have been on the rise as well.Shares of NextEra Energy were down as much as 4.2% in trading today and closed down 3.7%.Energy faces headwindsNextEra Energy had a rough 2023 in part because rising interest rates began to put pressure on the company's cash flow and balance sheet. Not only does the parent ...