Key Takeaways CNP is investing heavily to strengthen grid infrastructure and expand transmission and distribution networks.CNP plans $65B of capital spending in 2026-2035 for underground lines and self-healing automation.CNP targets major renewable growth, aiming for about 1,000 MW of wind and solar capacity by 2026.CenterPoint Energy, Inc. (CNP) has been making systematic investments to strengthen its infrastructure, enhance transmission and distribution networks, upgrade the grid, and expand its renewable ...

Key Takeaways OGE plans $6.5B in infrastructure spending from 2025-2029 to improve grid safety, resiliency and reliability.OGE continues expanding renewable generation with wind and solar assets across Oklahoma and Arkansas.OGE Energy rewards shareholders with a steady dividend, currently offering a yield of 3.95%.OGE Energy Corp. (OGE) focuses on consistent investments in infrastructure upgrades to better serve its customers. The company is also steadily expanding its renewable generation assets. Given its ...

Core Insights - OGE Energy Corp. is positioned for stronger long-term performance through ongoing capital investments, carbon-reduction initiatives, and a robust renewable generation portfolio [1] - The company is expanding its renewable portfolio to capture incentives from large clean-energy investments [2] - OGE Energy plans to invest $6.50 billion from 2025 to 2029 to upgrade infrastructure and enhance grid reliability [3] - The company expects long-term earnings growth of 5-7% and aims to reward shareholders with steady dividend hikes [4] - Supply-chain disruptions and rising production costs pose risks to OGE Energy's project timelines [5][6] - OGE Energy's share price has increased by 2.8% over the past year, compared to the industry's 18.9% growth [7] Factors Supporting OGE Energy - The company operates several wind farms with a total capacity of nearly 450 MW and solar sites with 32.2 MW as of December 31, 2024 [2] - OGE Energy offers voluntary renewable programs for Oklahoma retail customers and plans to add more zero-emission resources [2] - The planned capital spending of $6.50 billion represents a 4% increase from the previous five-year plan of $6.25 billion [3] Challenges Facing OGE Energy - Supply-chain disruptions due to raw material inflation, logistical challenges, and component shortages may delay construction and equipment deliveries [5] - Rising electricity production costs, driven by increased fuel prices and inflation, have led to an 11% year-over-year surge in fuel, purchased power, and transmission expenses in Q3 2025 [6] Share Price Performance - OGE Energy's shares have risen 2.8% in the past year, while the industry has seen an 18.9% growth [7]

Core Insights - Boralex Inc. will release its third quarter results for 2025 on November 7, 2025, at 11 a.m. ET, with a conference call for financial analysts and investors [1][2] Group 1: Financial Results Announcement - The financial results will be made available through a press release and on Boralex's website at 7 a.m. on the same day [3] - A live conference call will be held for interested parties to listen to the presentation, with a replay available on the company's website until November 7, 2026 [3] Group 2: Company Overview - Boralex has been a provider of affordable renewable energy for over 35 years and is a leader in the Canadian market, as well as the largest independent producer of onshore wind power in France [4] - The company has increased its installed capacity by over 50% in the past five years, reaching over 3.3 GW, and is developing a portfolio of projects totaling 8.2 GW in wind, solar, and storage [4] - Boralex is recognized as the Best Corporate Citizen in Canada and is committed to corporate social responsibility and combating global warming [4]

Company Overview - NextEra Energy has an enterprise value of approximately $241 billion[7] and operates with around 75 GW of capacity[7] - NextEra Energy aims to capitalize on key long-term earnings growth drivers across its regulated and long-term contracted businesses[24, 25] Financial Performance and Expectations - NextEra Energy projects adjusted EPS growth of 6%–8% annually through 2027, based off the 2024 adjusted EPS range of $3.23–$3.43[30, 33] - The company anticipates approximately 10% annual dividend per share growth through at least 2026, off a 2024 base[32] - NextEra Energy's adjusted Earnings Per Share in 2024 is $3.43[30] Florida Power & Light (FPL) - FPL's proposed rate settlement includes a minimum four-year term starting in 2026[11] - The proposed settlement includes a 10.95% midpoint ROE with an equity ratio unchanged at 59.6%[11] Renewable Energy and Storage - Certain wind and solar projects are eligible for tax credits through 2030, while energy storage and nuclear projects have credits extending to 2039[13, 14] - Battery storage offers speed-to-market and cost advantages compared to gas peaker plants, with levelized costs of capacity ranging from $11-$22/kW-month across different regions[16, 19]

Industry Overview - The Zacks Utility - Electric Power industry is characterized by a regulated structure that supports stable, long-term income, minimizing earnings volatility [1] - The sector is seen as a dependable choice for income-focused investors due to steady electricity demand and attractive dividend yields [1] Transition to Clean Energy - The U.S. electric utilities industry is evolving with a focus on clean energy, driven by investments in grid modernization and renewable integration supported by federal incentives [2] - Utilities like NextEra Energy and Duke Energy are leading this transformation, positioning themselves for sustainable long-term growth in the green energy economy [2] Company Profiles NextEra Energy - NextEra Energy is recognized for its significant investments in renewable energy, including wind, solar, and battery storage, managing one of the largest portfolios of such projects globally [3] - The company has a strong financial position and a proven record of innovation, offering stability and long-term growth aligned with the green energy movement [3] Duke Energy - Duke Energy is advancing its clean energy transformation with goals to reduce carbon emissions by 50% by 2030 and achieve net-zero by 2050, alongside plans to double renewable capacity by 2030 [4] - The company continues to invest in modern infrastructure and cleaner technologies, providing stable, regulated returns while positioning for long-term growth [4] Earnings Growth Projections - NextEra Energy's earnings per share estimates for 2025 and 2026 have increased by 7.29% and 7.91% year-over-year, respectively, with long-term growth projected at 7.89% [6] - Duke Energy's earnings per share estimates for the same years have increased by 7.12% and 6.06%, with long-term growth projected at 6.56% [8] Financial Performance Metrics - NextEra Energy has a return on equity (ROE) of 12.31%, surpassing Duke Energy's 9.85% and the industry average of 10.35% [7][10] - NextEra Energy's debt-to-capital ratio is 60.48%, slightly lower than Duke Energy's 62.69% and the industry average of 60.89% [13] Capital Expenditure Plans - NextEra Energy plans to invest approximately $74.6 billion from 2025 to 2029 to enhance its infrastructure and clean electricity generation assets [16] - Duke Energy plans to invest $87 billion in the same period to strengthen its electric transmission, distribution, and generation infrastructure [16] Dividend Yield - NextEra Energy's current dividend yield is 3.19%, while Duke Energy's is 3.52%, both higher than the S&P 500's yield of 1.52% [18] Valuation - NextEra Energy is trading at a Price/Earnings Forward 12-month ratio of 18.21X, slightly cheaper than Duke Energy's 18.26X, compared to the industry average of 14.43X [21] Conclusion - NextEra Energy shows better earnings estimate movements, stronger ROE, and a cheaper valuation, making it a more favorable investment choice compared to Duke Energy [23]

Core Insights - NextEra Energy (NEE) is positioned for sustainable long-term growth due to its well-balanced generation portfolio, which includes a significant presence in renewable energy, particularly wind and solar power [1][9] - The company is expanding its renewable footprint and securing long-term contracts that provide stable cash flows [1] Generation Portfolio - In 2024, Florida Power and Light, a unit of NextEra, generated electricity using natural gas (69%), solar (20%), nuclear (10%), and other sources (1%) [2] - Another unit, Energy Resources, utilized wind (64%), nuclear (17%), solar (15%), and other sources (4%) for its generation [2] Reliability and Stability - NextEra's natural gas generation assets are crucial for ensuring reliability and grid stability, providing dependable baseload and peaking capacity to balance renewable output fluctuations [3] - Nuclear generation further strengthens the portfolio by providing carbon-free baseload power, complementing intermittent renewable sources and reducing reliance on fossil fuels [4] Strategic Advantages - The integration of multiple fuel-based generation assets reduces risk, supports customer needs, and aligns with national energy transition goals, securing consistent earnings growth [5][6] - Utilities with diverse fuel sources, like Duke Energy and Dominion Energy, also benefit from enhanced reliability and competitiveness, mitigating risks and supporting long-term decarbonization goals [7] Financial Performance - NextEra's shares have outperformed the Zacks Utility Electric-Power industry, gaining 11.8% over the past three months compared to the industry's 1.6% rise [8] - The company has a trailing 12-month return on equity (ROE) of 12.31%, surpassing the industry average of 10.14%, indicating efficient use of shareholders' equity [11] Earnings Growth Expectations - NextEra anticipates its 2025 earnings per share to range between $3.45 and $3.70, reflecting a year-over-year increase from $3.43 [13] - The Zacks Consensus Estimate indicates expected year-over-year growth of 7.29% and 7.88% for 2025 and 2026 earnings per share, respectively [13]

Core Insights - National Grid (NGG) is positioned to benefit from strategic investments in infrastructure upgrades and expansion, making it an attractive investment opportunity in the Utility Electric Power industry [1] Earnings Growth Projection - The Zacks Consensus Estimate for NGG's fiscal 2026 earnings per share (EPS) has increased by 6.3% to $5.25 over the past 60 days, with a projected earnings growth rate of 8.4% over the next three to five years [2][8] Solvency - National Grid's times interest earned (TIE) ratio at the end of fiscal 2025 was 3, indicating strong capability to meet interest payment obligations in the near term [3] Dividend Yield - NGG has a current dividend yield of 5.77%, significantly higher than the S&P 500 Composite's yield of 1.15%, reflecting the company's commitment to increasing shareholder value [4][8] Investment Plans and Customer Demand - The company plans to invest nearly $69 billion (£60 billion) across its service territories in the UK and the US over the next five years, driven by rising demand from new customer connections [5] - In total, 2.5 gigawatts (GW) of customer projects were connected to the transmission network this year, with 1.6 GW being from renewable sources [5] Clean Energy Initiatives - National Grid aims to achieve net-zero emissions by 2050 and is actively investing in large-scale renewable energy projects, including wind and solar, to facilitate the energy transition [6] Stock Performance - Over the past six months, NGG shares have increased by 16.1%, outperforming the industry's growth of 11.1% [7]

Core Insights - NextEra Energy (NEE) is strategically positioned in the renewable energy sector due to early investments in wind, solar, and battery storage technologies, allowing it to capitalize on the growing demand for low-carbon energy [1][8] - The company has a significant backlog of nearly 28 GW of renewable projects, which supports stable revenue streams and long-term growth [2][8] - Technological advancements have reduced the cost of renewable energy generation, enabling NextEra to secure long-term power purchase agreements and avoid fossil fuel market volatility [3][8] Financial Performance - NextEra Energy's earnings per share (EPS) for 2025 is projected to be between $3.45 and $3.70, reflecting a year-over-year increase from $3.43 [9] - The Zacks Consensus Estimate indicates a year-over-year growth of 7.29% for 2025 and 7.95% for 2026 [9] - The company's return on equity (ROE) stands at 12.06%, outperforming the industry average of 10.13% [11] Strategic Positioning - NextEra's leadership in clean energy enhances its reputation and growth prospects, supported by government incentives and carbon mandates favoring renewable energy [4] - The company is committed to expanding its renewable project portfolio, reinforcing its position as a global leader in the clean energy transition [2][4] Market Performance - NextEra's stock has increased by 3.2% over the last month, outperforming the Zacks Utility - Electric Power industry's rise of 0.9% [7]

Core Viewpoint - National Grid (NGG) is positioned to benefit from strategic investments in infrastructure upgrades and expansion, making it an attractive investment opportunity in the utility electric power industry [1] Earnings Growth Forecast - The Zacks Consensus Estimate for NGG's fiscal 2026 earnings per share (EPS) has increased by 2.7% to $4.94 over the past 30 days [2] - The company's earnings growth rate over the next three to five years is projected at 2.3% [2] Dividend Yield - NGG has consistently increased shareholder value through dividends, with a current dividend yield of 5.73%, significantly higher than the S&P 500 Composite's 1.24% [3] Strategic Investments and Customer Demand - National Grid plans to invest nearly $69 billion (£60 billion) across its service territory in the UK and the US over the next five years [4] - The company anticipates increased demand from new customer connections, with 2.5 gigawatts (GW) of customer projects connected to the transmission network this year, including 1.6 GW from renewables [4] Liquidity Position - NGG's current ratio at the end of fiscal 2025 was 1.35, exceeding the industry's average of 0.93, indicating a strong ability to meet future short-term liabilities [5] Solvency - The times interest earned (TIE) ratio for NGG at the end of fiscal 2025 was 3, suggesting the company can comfortably meet its interest payment obligations in the near term [6] Commitment to Clean Energy - National Grid aims to achieve net-zero emissions by 2050 and is actively investing in large-scale renewable energy projects such as wind and solar in the US [7] Stock Price Performance - Over the past six months, NGG shares have increased by 15.3%, outperforming the industry's growth of 3.9% [9] Other Stocks to Consider - Other top-ranked stocks in the same industry include Evergy, Inc. (EVRG), NiSource Inc. (NI), and CenterPoint Energy (CNP), all holding a Zacks Rank 2 [10][11]