NextEra Energy (NEE)
Market Price (12/5/2025): $83.46 | Market Cap: $172.3 BilSector: Utilities | Industry: Multi-Utilities
NextEra Energy (NEE)
Market Price (12/5/2025): $83.46Market Cap: $172.3 BilSector: UtilitiesIndustry: Multi-Utilities
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, Dividend Yield is 2.9% | Trading close to highsDist 52W High is -3.4%, Dist 3Y High is -3.4% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 12 Bil, FCF LTM is 3.1 Bil | Weak multi-year price returns3Y Excs Rtn is -63% | Expensive valuation multiplesP/SPrice/Sales ratio is 5.9x |
| Low stock price volatilityVol 12M is 28% | ||
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Hydrogen Economy. Themes include Solar Energy Generation, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, Dividend Yield is 2.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 12 Bil, FCF LTM is 3.1 Bil |
| Low stock price volatilityVol 12M is 28% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Hydrogen Economy. Themes include Solar Energy Generation, Show more. |
| Trading close to highsDist 52W High is -3.4%, Dist 3Y High is -3.4% |
| Weak multi-year price returns3Y Excs Rtn is -63% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 5.9x |
Valuation, Metrics & Events
NEE Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
NextEra Energy (NEE) experienced a significant upward movement of approximately 16.5% in its stock price during the period from August 31, 2025, to December 5, 2025. This performance was driven by several key factors:
1. Strong Third-Quarter 2025 Financial Results: The company reported robust third-quarter 2025 adjusted earnings of $1.13 per share, surpassing the Zacks Consensus Estimate by 8.7% and marking a 9.7% increase year-over-year. Both Florida Power & Light (FPL) and NextEra Energy Resources contributed to this strong financial and operational performance, and the company reaffirmed its earnings per share guidance through 2027.
2. Strategic Collaboration with Google on Nuclear Energy: In October 2025, NextEra Energy and Alphabet Inc. (Google) announced a 25-year agreement to restart Iowa's Duane Arnold nuclear facility. This partnership aims to provide carbon-free power for Google's expanding AI and cloud operations, underscoring NextEra Energy's leadership in clean energy and its ability to secure large-scale, long-term contracts with major technology clients.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NEE Return | 30% | 23% | -9% | -25% | 21% | 20% | 60% |
| Peers Return | 3% | 15% | 11% | 7% | 31% | 17% | 115% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 112% |
Monthly Win Rates [3] | |||||||
| NEE Win Rate | 50% | 75% | 58% | 42% | 50% | 60% | |
| Peers Win Rate | 50% | 47% | 69% | 55% | 63% | 70% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| NEE Max Drawdown | -25% | -8% | -26% | -40% | -9% | -10% | |
| Peers Max Drawdown | -26% | -11% | -11% | -13% | -7% | -13% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: CEG, SO, DUK, EXC, PCG. See NEE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/4/2025 (YTD)
How Low Can It Go
| Event | NEE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.2% | -25.4% |
| % Gain to Breakeven | 89.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -35.6% | -33.9% |
| % Gain to Breakeven | 55.4% | 51.3% |
| Time to Breakeven | 129 days | 148 days |
| 2018 Correction | ||
| % Loss | -8.8% | -19.8% |
| % Gain to Breakeven | 9.6% | 24.7% |
| Time to Breakeven | 36 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -48.9% | -56.8% |
| % Gain to Breakeven | 95.7% | 131.3% |
| Time to Breakeven | 1572 days | 1480 days |
Compare to CEG, SO, DUK, EXC, PCG
In The Past
NextEra Energy's stock fell -47.2% during the 2022 Inflation Shock from a high on 12/31/2021. A -47.2% loss requires a 89.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
Trade Ideas
Select past ideas related to NEE. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | PEG | Public Service Enterprise | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.9% | -0.9% | -0.9% |
| 09262025 | PCG | PG&E | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.9% | 1.9% | 0.0% |
| 09052025 | AES | AES | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.4% | 7.4% | -3.2% |
| 12312023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 18.4% | 21.6% | -9.0% |
| 06302023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -16.9% | -1.6% | -33.1% |
| 12312022 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -10.1% | -25.3% | -39.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | PEG | Public Service Enterprise | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.9% | -0.9% | -0.9% |
| 09262025 | PCG | PG&E | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.9% | 1.9% | 0.0% |
| 09052025 | AES | AES | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.4% | 7.4% | -3.2% |
| 12312023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 18.4% | 21.6% | -9.0% |
| 06302023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -16.9% | -1.6% | -33.1% |
| 12312022 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -10.1% | -25.3% | -39.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for NextEra Energy
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 85.36 |
| Mkt Cap | 94.0 |
| Rev LTM | 25,570 |
| Op Inc LTM | 6,232 |
| FCF LTM | -1,258 |
| FCF 3Y Avg | -2,154 |
| CFO LTM | 9,033 |
| CFO 3Y Avg | 7,730 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.2% |
| Rev Chg 3Y Avg | 5.0% |
| Rev Chg Q | 5.2% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Mgn LTM | 23.2% |
| Op Mgn 3Y Avg | 21.3% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 33.8% |
| CFO/Rev 3Y Avg | 29.9% |
| FCF/Rev LTM | -4.6% |
| FCF/Rev 3Y Avg | -8.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 94.0 |
| P/S | 3.3 |
| P/EBIT | 11.4 |
| P/E | 21.4 |
| P/CFO | 9.6 |
| Total Yield | 7.1% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | -4.2% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.5% |
| 3M Rtn | 1.5% |
| 6M Rtn | 4.0% |
| 12M Rtn | 10.7% |
| 3Y Rtn | 25.8% |
| 1M Excs Rtn | -5.7% |
| 3M Excs Rtn | -3.9% |
| 6M Excs Rtn | -11.5% |
| 12M Excs Rtn | -4.5% |
| 3Y Excs Rtn | -44.1% |
Comparison Analyses
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10282025 | 10-Q 9/30/2025 |
| 6302025 | 7232025 | 10-Q 6/30/2025 |
| 3312025 | 4232025 | 10-Q 3/31/2025 |
| 12312024 | 2142025 | 10-K 12/31/2024 |
| 9302024 | 10232024 | 10-Q 9/30/2024 |
| 6302024 | 7242024 | 10-Q 6/30/2024 |
| 3312024 | 4232024 | 10-Q 3/31/2024 |
| 12312023 | 2162024 | 10-K 12/31/2023 |
| 9302023 | 11072023 | 10-Q 9/30/2023 |
| 6302023 | 7262023 | 10-Q 6/30/2023 |
| 3312023 | 4262023 | 10-Q 3/31/2023 |
| 12312022 | 2172023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 7272022 | 10-Q 6/30/2022 |
| 3312022 | 4222022 | 10-Q 3/31/2022 |
| 12312021 | 2182022 | 10-K 12/31/2021 |
External Quote Links
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