Got a big closing bell. Jeffrey Gunlock as usual following the Fed share and then we're going to take you right up to those big earnings reports. Got some great guests, some shareholders.We'll cover all of that for you. Why it's final. >> FTA, you have to buy it when it's slightly dislocated as it is now.>> Okay, Carrie. >> Uh, next year just reported good quarter and now it's a data center play. >> Thank you very much, Liz Thomas.>> I think software gets chased into year end in this tech play. >> Joey Donu ...

Group 1 - The market is currently experiencing a dislocation, presenting potential buying opportunities for certain assets [1] - A company has reported a strong quarterly performance and is now positioned as a data center play, indicating a shift in its business focus [1] - There is an expectation that software stocks will see increased interest as the year-end approaches, suggesting a bullish sentiment in the tech sector [2] Group 2 - The upcoming Federal Reserve decision is a significant event that is influencing market sentiment and trading strategies [2]

Group 1 - The analysis focuses on a high-performing nuclear energy portfolio and provides regular updates on key stock-related developments in the sector [1][2] - The service includes top-down sectoral coverage and rankings of ETFs based on proprietary methodology [1] - The profile is managed by an experienced macroeconomist with over 20 years in investment management, stock broking, and investment banking [2]

Core Insights - NextEra Energy is an electric power and energy infrastructure company operating primarily in North America, focusing on generating, distributing, and selling electric power [1] Company Overview - The company operates through two main segments: Florida Power & Light (FPL) and NextEra Energy Resources [1] Market Position - NextEra Energy is positioned as a significant player in the electric power sector, leveraging its infrastructure to serve a broad customer base [1]

Core Viewpoint - NextEra Energy has initiated the process to restart its Duane Arnold nuclear power plant in Iowa by ordering significant equipment, indicating a strategic move towards enhancing its energy production capabilities [4]. Group 1: Company Actions - NextEra Energy has placed orders for major equipment, including a power generator and cooling towers, necessary for the restart of the Duane Arnold nuclear power plant [4]. - The Duane Arnold plant was previously shut down for economic reasons, highlighting the company's response to market conditions by reviving this asset [4]. Group 2: Industry Implications - The restart of nuclear power plants like Duane Arnold may reflect a broader trend in the energy sector towards utilizing nuclear energy as a stable and reliable power source amidst fluctuating economic conditions [4].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - NextEra Energy is taking significant steps towards the restart of its Duane Arnold nuclear power plant in Iowa by ordering major equipment, including a power generator and cooling towers [1] Group 1 - NextEra Energy has placed orders for essential equipment necessary for the Duane Arnold nuclear power plant's restart [1] - The ordered items include a power generator and cooling towers, indicating a commitment to revitalize the facility [1] - CEO John Ketchum confirmed these developments in a statement to Reuters, highlighting the company's strategic focus on nuclear energy [1]

Core Insights - NextEra Energy, Inc. (NEE) reported third-quarter 2025 adjusted earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of $1.04 by approximately 8.7%, and reflecting a year-over-year increase of nearly 9.7% [1][9] - The company's total operating revenues for the quarter were $7.96 billion, falling short of the Zacks Consensus Estimate of $8.11 billion by 1.86%, but showing a year-over-year improvement of 5.3% [2] - Florida Power & Light Company (FPL) segment revenues increased by 7% to nearly $5.29 billion, while NextEra Energy Resources reported revenues of $2.56 billion, slightly down from the previous year's $2.58 billion [3][4] Financial Performance - GAAP earnings per share for the third quarter were $1.18, compared to 90 cents in the same period last year [1] - Cash and cash equivalents stood at nearly $2.39 billion as of September 30, 2025, up from $1.49 billion on December 31, 2024 [10] - Long-term debt increased to $84.17 billion as of September 30, 2025, from $72.4 billion at the end of 2024 [10] Segment Analysis - FPL's earnings per share rose to 71 cents from 63 cents year-over-year, driven by ongoing business investments [3] - NextEra Energy Resources' earnings per share improved to 53 cents from 47 cents in the prior-year quarter [3] - Corporate and Other segment reported operating revenues of $115 million, up from $43 million in the year-ago period, but incurred a wider operating loss of 11 cents per share compared to a loss of 7 cents previously [4] Strategic Developments - NextEra Energy announced two agreements with Google to enhance U.S. nuclear leadership and supply clean nuclear energy to meet growing energy demands from artificial intelligence [7] - The company plans to restart its 615-MW Duane Arnold Energy Center to provide carbon-free nuclear energy for 25 years under the agreement with Google [7] Future Outlook - NextEra Energy reaffirmed its 2025 earnings guidance in the range of $3.45-$3.70 per share, with a midpoint of $3.575, slightly below the Zacks Consensus Estimate of $3.68 [11] - The company expects adjusted earnings per share for 2026 and 2027 to be in the range of $3.63 to $4.00 and $3.85 to $4.32, respectively, with an anticipated earnings growth rate of approximately 6-8% through at least 2026 [11][12]

Core Insights - NextEra Energy reported $7.97 billion in revenue for Q3 2025, a year-over-year increase of 5.3% [1] - The EPS for the same period was $1.13, up from $1.03 a year ago, with an EPS surprise of +8.65% compared to the consensus estimate of $1.04 [1] - The revenue fell short of the Zacks Consensus Estimate by -1.86% [1] Financial Performance Metrics - NextEra Energy Resources (NEER) reported operating revenues of $2.57 billion, which is -0.7% year-over-year and below the average estimate of $2.95 billion [4] - Florida Power & Light (FPL) reported operating revenues of $5.29 billion, exceeding the average estimate of $5.17 billion, representing a +7% year-over-year change [4] - Operating income for FPL was $1.8 billion, lower than the estimated $2.02 billion [4] - Corporate & Other segment reported an operating loss of $71 million, worse than the average estimate of a $45 million loss [4] - NEER's operating income was $801 million, significantly below the estimated $1.19 billion [4] Stock Performance - NextEra's shares have returned +12.9% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Financial Data and Key Metrics Changes - NextEra Energy reported a 9.7% year-over-year increase in adjusted earnings per share for Q3 2025, with a 9.3% increase for the first nine months of the year [5][20] - Florida Power & Light (FPL) earnings per share increased by $0.08 year-over-year, driven by an 8% year-over-year growth in regulatory capital [20] - Adjusted earnings per share from corporate and other decreased by $0.04 year-over-year [23] Business Line Data and Key Metrics Changes - FPL's capital expenditures for Q3 2025 were approximately $2.5 billion, with full-year expectations between $9.3 billion and $9.8 billion [20] - Energy Resources reported a 13% year-over-year growth in adjusted earnings, with adjusted earnings per share increasing by $0.06 [21] - Energy Resources added 3 GW to its backlog, totaling nearly 30 GW, marking the sixth consecutive quarter of adding three or more gigawatts [22] Market Data and Key Metrics Changes - FPL's third-quarter retail sales decreased by 1.8% year-over-year due to milder weather, but increased by 1.9% on a weather-normalized basis [20][21] - Wind resource for Q3 2025 was approximately 90% of the long-term average, down from 93% in Q3 2024 [21] Company Strategy and Development Direction - NextEra Energy plans to invest approximately $40 billion over the next four years in energy infrastructure, including solar, battery storage, and gas generation [10] - The company is focused on developing a comprehensive energy solution that includes renewables, storage, and gas-fired generation to meet growing electricity demand [41][88] - NextEra Energy is uniquely positioned to serve large load customers, particularly data centers, by combining renewables with gas and storage solutions [41][80] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strong demand for electricity in the U.S. and the company's capability to meet this demand through its diverse energy portfolio [5][19] - The company expects to continue delivering financial results at or near the top end of its adjusted earnings per share expectations for 2025, 2026, and 2027 [23] - Management expressed confidence in the growth opportunities available, particularly in the renewable and storage sectors, as well as in nuclear energy [19][88] Other Important Information - NextEra Energy has entered into a 25-year power purchase agreement with Google to recommission the Duane Arnold Energy Center nuclear plant, expected to contribute up to $0.16 of annual adjusted EPS over its first ten years of operation [15][18] - The company is also exploring advanced nuclear generation technologies in collaboration with Google [17] Q&A Session Summary Question: Can you provide insights on the cost of the Duane Arnold restart and the buy-in price for the 30% stake? - Management refrained from disclosing specific CapEx numbers but expressed confidence in the efficient recommissioning of Duane Arnold, noting the plant is in good shape [25][26] Question: What drove the removal of 1 GW from the backlog? - Management clarified that 650 MW was removed for conservative management reasons, while 250 MW faced permitting delays, with expectations to recover these in 2026 and 2027 [29][30] Question: What is the outlook for gas-fired generation? - Management indicated a strong pipeline for gas-fired generation, leveraging their extensive experience and development platform [39][40] Question: What is the company's strategy regarding new nuclear projects? - Management is focused on optimizing existing nuclear facilities and exploring small modular reactors (SMRs) while maintaining a disciplined capital allocation strategy [45][47] Question: How are renewables interacting with data centers? - Management noted that data centers are looking for immediate load interconnects and that NextEra can provide solutions through a combination of renewables, storage, and grid upgrades [80][81]