NextEra Energy (NEE)
Market Price (5/6/2026): $96.1 | Market Cap: $200.1 BilSector: Utilities | Industry: Multi-Utilities
NextEra Energy (NEE)
Market Price (5/6/2026): $96.1Market Cap: $200.1 BilSector: UtilitiesIndustry: Multi-Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, Dividend Yield is 2.4% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, CFO LTM is 12 Bil, FCF LTM is 2.4 Bil Low stock price volatilityVol 12M is 25% 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 -1.6%, Dist 3Y High is -1.6% Weak multi-year price returns3Y Excs Rtn is -37% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% Expensive valuation multiplesP/SPrice/Sales ratio is 7.2x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 16x Key risksNEE key risks include [1] a substantial debt load and sensitivity to interest rates, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, Dividend Yield is 2.4% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 44%, CFO LTM is 12 Bil, FCF LTM is 2.4 Bil |
| Low stock price volatilityVol 12M is 25% |
| 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 -1.6%, Dist 3Y High is -1.6% |
| Weak multi-year price returns3Y Excs Rtn is -37% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7.2x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 16x |
| Key risksNEE key risks include [1] a substantial debt load and sensitivity to interest rates, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. NextEra Energy reported strong first-quarter 2026 financial results, exceeding analyst adjusted earnings per share (EPS) expectations. The company announced Q1 2026 adjusted EPS of $1.09 on April 23, 2026, surpassing analyst estimates ranging from $0.94 to $1.03 per share, reflecting a 10% year-over-year increase. This performance supported the reaffirmation of the company's 2026 adjusted EPS guidance, targeting the high end of the $3.92 to $4.02 range, and its long-term projection of an 8% or greater compound annual growth rate for adjusted EPS through 2035.
2. The company's renewables and storage segment achieved a record quarter for new project origination, significantly expanding its backlog. NextEra Energy Resources added 4 gigawatts (GW) of new renewables and storage projects to its backlog in Q1 2026, including 1.3 GW of battery storage, demonstrating strong execution and growing demand for such assets. This brought the total backlog to approximately 33 GW. Additionally, Florida Power & Light (FPL), NextEra Energy's regulated utility subsidiary, increased its regulatory capital employed by approximately 8.8% year-over-year.
Show more
Stock Movement Drivers
Fundamental Drivers
The 10.3% change in NEE stock from 1/31/2026 to 5/5/2026 was primarily driven by a 18.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 87.30 | 96.28 | 10.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,298 | 27,867 | 6.0% |
| Net Income Margin (%) | 24.7% | 29.4% | 18.8% |
| P/E Multiple | 27.7 | 24.5 | -11.6% |
| Shares Outstanding (Mil) | 2,065 | 2,082 | -0.9% |
| Cumulative Contribution | 10.3% |
Market Drivers
1/31/2026 to 5/5/2026| Return | Correlation | |
|---|---|---|
| NEE | 10.3% | |
| Market (SPY) | 3.6% | 0.4% |
| Sector (XLU) | 8.0% | 76.8% |
Fundamental Drivers
The 19.9% change in NEE stock from 10/31/2025 to 5/5/2026 was primarily driven by a 18.8% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 80.31 | 96.28 | 19.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,298 | 27,867 | 6.0% |
| Net Income Margin (%) | 24.7% | 29.4% | 18.8% |
| P/E Multiple | 25.5 | 24.5 | -3.9% |
| Shares Outstanding (Mil) | 2,065 | 2,082 | -0.9% |
| Cumulative Contribution | 19.9% |
Market Drivers
10/31/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| NEE | 19.9% | |
| Market (SPY) | 5.5% | 11.2% |
| Sector (XLU) | 5.6% | 73.2% |
Fundamental Drivers
The 48.2% change in NEE stock from 4/30/2025 to 5/5/2026 was primarily driven by a 34.7% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.95 | 96.28 | 48.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25,268 | 27,867 | 10.3% |
| Net Income Margin (%) | 21.8% | 29.4% | 34.7% |
| P/E Multiple | 24.2 | 24.5 | 1.1% |
| Shares Outstanding (Mil) | 2,056 | 2,082 | -1.3% |
| Cumulative Contribution | 48.2% |
Market Drivers
4/30/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| NEE | 48.2% | |
| Market (SPY) | 30.4% | 9.4% |
| Sector (XLU) | 20.9% | 64.1% |
Fundamental Drivers
The 37.1% change in NEE stock from 4/30/2023 to 5/5/2026 was primarily driven by a 16.6% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 70.20 | 96.28 | 37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24,782 | 27,867 | 12.4% |
| Net Income Margin (%) | 27.0% | 29.4% | 8.9% |
| P/E Multiple | 21.0 | 24.5 | 16.6% |
| Shares Outstanding (Mil) | 2,000 | 2,082 | -4.0% |
| Cumulative Contribution | 37.1% |
Market Drivers
4/30/2023 to 5/5/2026| Return | Correlation | |
|---|---|---|
| NEE | 37.1% | |
| Market (SPY) | 78.7% | 19.8% |
| Sector (XLU) | 47.4% | 75.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NEE Return | 23% | -9% | -25% | 21% | 15% | 20% | 42% |
| Peers Return | 19% | 2% | -9% | 17% | 17% | 11% | 69% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| NEE Win Rate | 75% | 58% | 42% | 50% | 58% | 60% | |
| Peers Win Rate | 55% | 62% | 53% | 62% | 65% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| NEE Max Drawdown | -8% | -26% | -40% | -9% | -10% | -2% | |
| Peers Max Drawdown | -8% | -13% | -20% | -6% | -3% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DUK, SO, D, AEP, EXC. 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] 2026 data is for the year up to 5/5/2026 (YTD)
How Low Can It Go
| Event | NEE | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -34.2% | -9.5% |
| % Gain to Breakeven | 51.9% | 10.5% |
| Time to Breakeven | 213 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.8% | -24.5% |
| % Gain to Breakeven | 33.1% | 32.4% |
| Time to Breakeven | 95 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.5% | -33.7% |
| % Gain to Breakeven | 50.4% | 50.9% |
| Time to Breakeven | 116 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.2% | -3.7% |
| % Gain to Breakeven | 11.4% | 3.9% |
| Time to Breakeven | 89 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -12.9% | -12.2% |
| % Gain to Breakeven | 14.9% | 13.9% |
| Time to Breakeven | 146 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -12.7% | -17.9% |
| % Gain to Breakeven | 14.5% | 21.8% |
| Time to Breakeven | 80 days | 123 days |
In The Past
NextEra Energy's stock fell -6.4% during the 2025 US Tariff Shock. Such a loss loss requires a 6.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | NEE | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -34.2% | -9.5% |
| % Gain to Breakeven | 51.9% | 10.5% |
| Time to Breakeven | 213 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.8% | -24.5% |
| % Gain to Breakeven | 33.1% | 32.4% |
| Time to Breakeven | 95 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.5% | -33.7% |
| % Gain to Breakeven | 50.4% | 50.9% |
| Time to Breakeven | 116 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -44.8% | -53.4% |
| % Gain to Breakeven | 81.1% | 114.4% |
| Time to Breakeven | 1167 days | 1085 days |
In The Past
NextEra Energy's stock fell -6.4% during the 2025 US Tariff Shock. Such a loss loss requires a 6.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About NextEra Energy (NEE)
AI Analysis | Feedback
Here are 1-3 brief analogies for NextEra Energy (NEE):
The Amazon of utility-scale clean energy infrastructure.
Imagine Con Edison (a major city's power utility), but also as one of North America's largest developers and operators of wind and solar farms.
AI Analysis | Feedback
- Electric Power Generation: Produces electricity using various sources, including wind, solar, nuclear, natural gas, and coal.
- Electric Power Transmission & Distribution: Transmits and distributes generated electricity to retail and wholesale customers through its network of lines and substations.
- Clean Energy Infrastructure Development & Operation: Develops, constructs, and operates long-term contracted assets such as renewable generation facilities, battery storage projects, and electric transmission facilities.
- Energy Commodity Sales: Sells energy commodities in wholesale energy markets.
AI Analysis | Feedback
NextEra Energy (NEE) primarily serves a combination of retail and wholesale customers. Based on the provided information, a significant portion of its direct service is to individual consumers and businesses in Florida. Therefore, the company serves the following categories of customers:1. Residential Customers: NextEra Energy serves approximately 11 million people through approximately 5.7 million customer accounts in the east and lower west coasts of Florida. These customers are individual households that consume electricity for personal use.
2. Commercial and Industrial Customers: Within its Florida service territory, NextEra Energy also serves various commercial establishments and industrial facilities. These customers represent businesses of different sizes that require electricity for their operations.
3. Wholesale Customers: Beyond its direct retail base in Florida, NextEra Energy also sells electric power to wholesale customers across North America. These include other utility companies, municipalities, and energy marketers who purchase electricity in bulk for distribution or resale, as well as entities involved in wholesale energy markets.
AI Analysis | Feedback
- General Electric (GE)
- Vestas Wind Systems A/S (VWDRY)
- First Solar (FSLR)
- Brookfield Business Partners L.P. (BBU)
- Kinder Morgan (KMI)
- Siemens Energy AG (SMNEY)
AI Analysis | Feedback
John W. Ketchum, Chairman, President and Chief Executive Officer
John W. Ketchum joined NextEra Energy in 2002. He was appointed president and CEO in March 2022 and became chairman of the board of directors in July 2022. Mr. Ketchum also serves as chairman of Florida Power & Light Company (FPL) since February 2023. His previous roles at NextEra Energy include president and CEO of NextEra Energy Resources, chief financial officer of NextEra Energy, and chief financial officer of FPL. He also served as CEO, president, and chief financial officer of XPLR Infrastructure (NextEra Energy Partners). Before joining NextEra Energy, he worked as a lawyer. Mr. Ketchum holds a Master of Laws degree in taxation and a Juris Doctor from the University of Missouri-Kansas City School of Law, and a Bachelor of Arts in economics and finance from the University of Arizona. He completed the Emerging CFO – Strategic Financial Leadership Program at Stanford University.
Michael H. Dunne, Executive Vice President, Finance and Chief Financial Officer
Michael H. Dunne was appointed Executive Vice President, Finance and Chief Financial Officer for NextEra Energy, Inc. and Florida Power & Light Company, effective May 22, 2025. He previously served as treasurer and assistant secretary for NextEra Energy since January 2023 and as vice president, finance in 2022. Prior to joining NextEra Energy in April 2022, Mr. Dunne was a managing director, power and renewables, investment banking at Bank of America. At Bank of America, he led the firm's renewable and energy transition strategic advisory efforts, having joined the firm in 2002. He holds a law degree from Harvard Law School and a bachelor's in economics and history from Duke University.
Armando Pimentel, Jr., President and Chief Executive Officer, Florida Power & Light Company
Armando Pimentel, Jr. was appointed chief executive officer of Florida Power & Light Company (FPL) in February 2023. He previously served as president and CEO of NextEra Energy Resources, LLC and as executive vice president, finance, and chief financial officer of NextEra Energy.
Brian W. Bolster, President and Chief Executive Officer, NextEra Energy Resources, LLC
Brian W. Bolster became President and Chief Executive Officer of NextEra Energy Resources, LLC, effective May 22, 2025. He joined NextEra Energy in May 2024 as executive vice president, finance and CFO. Before joining NextEra Energy, Mr. Bolster was the head of natural resources in the Americas at Goldman Sachs, where he played an integral role in growing the firm's natural resources business. He started at Goldman Sachs in 1999, becoming a managing director in 2007 and a partner in 2012.
Kirk Crews, Executive Vice President and Chief Risk Officer
Kirk Crews is executive vice president and chief risk officer for NextEra Energy, Inc. He joined NextEra Energy in 2016 and has held various business and financial roles within the company. Prior to his current position, Mr. Crews served as executive vice president, finance and chief financial officer (CFO) for NextEra Energy, as well as executive vice president, finance and CFO of Florida Power & Light Company. He also held the role of CFO and was a member of the board of directors for XPLR Infrastructure, LP.
AI Analysis | Feedback
```htmlThe key risks to NextEra Energy (NEE) are primarily associated with the highly regulated nature of the utility industry, its significant operations in a hurricane-prone region, and its exposure to fuel price fluctuations.
- Regulatory and Political Risks: NextEra Energy operates in a heavily regulated industry where changes in energy policies, environmental regulations (particularly concerning its coal and natural gas facilities), and rate-setting mechanisms can directly impact its operations and financial performance. Its significant presence and customer base in Florida make it particularly susceptible to the state's regulatory environment and political shifts.
- Weather-Related Risks and Climate Change: Given its extensive transmission and distribution infrastructure and customer concentration in Florida, NextEra Energy is highly vulnerable to severe weather events such as hurricanes and tropical storms. These events can cause significant damage to infrastructure, lead to costly repairs, service disruptions, and increased operating expenses. The broader impacts of climate change, including rising sea levels and altered weather patterns, could also affect long-term operational costs and infrastructure resilience.
- Commodity Price Volatility: Although NextEra Energy has a growing portfolio of renewable energy assets, it still generates electricity through natural gas and coal facilities and sells energy commodities in wholesale markets. Fluctuations in the prices of natural gas and coal can affect the cost of electricity generation and impact profitability, especially for generation not covered by long-term, fixed-price contracts.
AI Analysis | Feedback
The clear emerging threat for NextEra Energy is the increasing adoption of distributed energy resources, specifically customer-owned rooftop solar and battery storage systems. This trend allows residential and commercial customers to generate and store their own electricity, reducing their reliance on purchasing power from NextEra's grid and potentially impacting the company's retail electricity sales and distribution revenue streams, which are core to its traditional utility business model in Florida.
AI Analysis | Feedback
NextEra Energy (NEE) operates in several significant addressable markets across North America, primarily in electric power generation, transmission, distribution, and clean energy solutions such as wind, solar, and battery storage. The addressable market sizes for its main products and services are detailed below:
Electricity Generation and Retail/Wholesale Market
- The power generation industry within the North American Free Trade Agreement (NAFTA) countries (U.S., Canada, and Mexico) had a total market value of approximately $229.4 billion in 2024. This market is projected to grow to approximately $279.7 billion by 2029. The U.S. alone accounted for $168.0 billion of this market in 2024, with a projection to reach $210.1 billion by 2029.
- In Florida, where NextEra Energy's subsidiary Florida Power & Light (FPL) operates, the total electricity net generation was approximately 266,119,236 megawatthours in 2024. FPL serves approximately 5.9 million customer accounts, totaling about 12 million people in Florida, and reported operating revenues of $18.37 billion in 2023. In March 2026, FPL held a 50% market share among utilities in Florida.
Renewable Energy Market (Overall)
- The U.S. renewable energy market was valued at approximately $94.86 billion in 2024. It is estimated to reach $98.30 billion in 2025 and is projected to grow to approximately $122.0 billion by 2032. In terms of installed capacity, the U.S. renewable energy market is expected to grow from 545.16 gigawatts in 2026 to 778.78 gigawatts by 2031.
Wind Energy Market
- The North America wind power market, in terms of cumulative installed capacity, is estimated at 198.17 gigawatts in 2026 and is projected to reach 252.83 gigawatts by 2031.
- The North America wind turbine market size was valued at over $25.1 billion in 2024 and is anticipated to reach approximately $43.2 billion by 2034.
- The North America offshore wind energy market was valued at $6.75 billion in 2024 and is projected to reach $51.24 billion by 2033.
Solar Energy Market
- The North America Solar Photovoltaic (PV) market, in terms of installed capacity, was estimated at 277.27 gigawatts in 2026 and is projected to reach 492.16 gigawatts by 2031.
- The North America solar PV market size (revenue) was valued at $45.4 billion in 2025 and is anticipated to grow to $82.1 billion by 2035.
- Specifically, the U.S. solar PV market was valued at $44.1 billion in 2025.
Battery Storage Market
- The North America Battery Energy Storage System (BESS) market was valued at approximately $20.82 billion in 2025 and is estimated to grow to $49.34 billion by 2031.
Electric Transmission and Distribution (T&D) Market
- The North America power transmission and distribution market generated a revenue of approximately $98.15 billion in 2024 and is projected to reach approximately $125.48 billion by 2030.
- Another estimate places the North America electricity Transmission and Distribution market at $115.97 billion in 2025, projected to reach $118.59 billion in 2026.
AI Analysis | Feedback
NextEra Energy (NEE) is strategically positioned for significant revenue growth over the next 2-3 years, primarily driven by three key areas:- Expansion of Renewable Energy and Storage Portfolio: NextEra Energy Resources (NEER) is a leading driver of future revenue growth, with analysts projecting a substantial increase in operating revenues. The company boasts a robust backlog of over 20 gigawatts (GW) of new wind, solar, and battery storage projects, providing clear visibility for growth through 2026 and beyond. NextEra aims to significantly increase its solar capacity, targeting approximately 35% of its total by 2032, and expects its combined renewable generation portfolio to reach around 81 GW by the end of 2027. This expansion is supported by substantial capital expenditures in renewables and includes strategies like repowering existing wind projects through 2026 to enhance their value.
- Customer Growth and Infrastructure Investment at Florida Power & Light (FPL): Florida Power & Light, NextEra Energy's regulated utility, benefits from Florida's rapidly expanding population, which drives consistent customer growth and increased electricity demand in its service territory. FPL's sustained capital investments, which amounted to approximately $9.4 billion in 2023, are aimed at rate base expansion and adding new generation capacity. The approval of FPL's 2025 rate agreement also provides regulatory certainty for four years, supporting stable earnings expansion and continued investment in infrastructure to serve its growing customer base.
- Meeting Increased Power Demand from Data Centers and Decarbonization Initiatives: NextEra Energy is actively addressing the surging demand for power from data centers, with over three gigawatts of projects currently in development. The company anticipates building 15-30 GW of generation capacity for data centers by 2035 and is forging partnerships with major technology companies, such as Google, to expand energy infrastructure for data center needs. Additionally, NextEra is focused on leading the decarbonization of the U.S. economy, including efforts to develop the hydrogen market, which presents further opportunities for new energy solutions and revenue streams.
AI Analysis | Feedback
Share Repurchases
- NextEra Energy has indicated that its stable free cash flow, derived from organic and inorganic assets, contributes to increasing shareholder value through dividends and share repurchases.
- As of October 2025, NextEra Energy had a current buyback authorization that would enable the company to repurchase 180 million shares.
- Historical data from late 2025 and early 2026 suggests minimal or zero share repurchases by NextEra Energy on a per-share basis.
Share Issuance
- In December 2025, NextEra Energy established an at-the-market equity issuance program to offer and sell up to $4 billion of its common stock over time through an Equity Distribution Agreement.
- NextEra Energy's funding plan for 2024-2027 includes equity units totaling $5 billion to $7 billion.
- In February 2026, the company announced a public offering of $2 billion in equity units, with the potential to increase to $2.27 billion, to support energy projects and for general corporate purposes, including debt repayment.
Outbound Investments
- In December 2025, NextEra Energy Resources, LLC announced an agreement to acquire Symmetry Energy Solutions, a natural gas supply, storage, and asset management company, with the transaction expected to close in the first quarter of 2026.
- NextEra Energy acquired CenterPoint Energy, a manufacturer of electric transmission equipment, in November 2023.
- In December 2025, NextEra Energy and Google Cloud expanded their partnership to develop approximately 15 gigawatts of new power generation capacity by 2035 to support several large-scale data center campuses in the United States.
Capital Expenditures
- NextEra Energy plans to invest approximately $72.6 billion to $75 billion from 2025 through 2029 (or 2028), with a primary focus on infrastructure modernization, grid reliability, and the development of low-cost clean energy generation.
- Between 2025 and 2030, the company plans to invest nearly $94.2 billion to support growth and infrastructure development.
- For the full year 2025, capital expenditures for Florida Power & Light (FPL) are projected to be between $9.3 billion and $9.8 billion, aimed at expanding its regulatory capital base and ensuring the utility's reliability and cost-effectiveness.
Latest Trefis Analyses
Trade Ideas
Select ideas related to NEE.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | SRE | Sempra | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | -2.1% | -2.1% | -4.9% |
| 12122025 | CTRI | Centuri | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 41.5% | 41.5% | -5.5% |
| 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 | 2.1% | 2.1% | -4.0% |
| 02292024 | 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 | 45.9% | 30.7% | -0.4% |
| 08312023 | NEE | NextEra Energy | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | -15.9% | 24.2% | -26.2% |
| 02282023 | NEE | NextEra Energy | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -3.7% | -20.1% | -29.6% |
| 02282022 | NEE | NextEra Energy | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 12.4% | -7.2% | -12.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 96.09 |
| Mkt Cap | 86.3 |
| Rev LTM | 26,062 |
| Op Inc LTM | 6,339 |
| FCF LTM | -1,984 |
| FCF 3Y Avg | -1,579 |
| CFO LTM | 8,361 |
| CFO 3Y Avg | 7,714 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.3% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 7.9% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 13.0% |
| Op Inc Chg 3Y Avg | 11.2% |
| Op Mgn LTM | 25.6% |
| Op Mgn 3Y Avg | 25.4% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 32.1% |
| CFO/Rev 3Y Avg | 33.6% |
| FCF/Rev LTM | -8.4% |
| FCF/Rev 3Y Avg | -6.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 86.3 |
| P/S | 3.3 |
| P/Op Inc | 12.6 |
| P/EBIT | 11.7 |
| P/E | 20.2 |
| P/CFO | 10.8 |
| Total Yield | 7.2% |
| Dividend Yield | 2.8% |
| FCF Yield 3Y Avg | -2.7% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.6% |
| 3M Rtn | 6.5% |
| 6M Rtn | 6.8% |
| 12M Rtn | 15.3% |
| 3Y Rtn | 41.5% |
| 1M Excs Rtn | -9.7% |
| 3M Excs Rtn | 1.6% |
| 6M Excs Rtn | 0.9% |
| 12M Excs Rtn | -13.3% |
| 3Y Excs Rtn | -33.0% |
Comparison Analyses
Price Behavior
| Market Price | $96.28 | |
| Market Cap ($ Bil) | 200.5 | |
| First Trading Date | 06/10/1983 | |
| Distance from 52W High | -1.6% | |
| 50 Days | 200 Days | |
| DMA Price | $92.86 | $82.70 |
| DMA Trend | up | up |
| Distance from DMA | 3.7% | 16.4% |
| 3M | 1YR | |
| Volatility | 24.9% | 24.6% |
| Downside Capture | -0.28 | -0.16 |
| Upside Capture | -2.46 | 26.50 |
| Correlation (SPY) | 0.6% | 9.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.36 | 0.11 | -0.01 | 0.17 | 0.18 | 0.35 |
| Up Beta | 0.13 | 0.23 | 0.21 | 0.07 | 0.17 | 0.47 |
| Down Beta | -0.14 | 1.08 | 0.81 | 0.49 | 0.67 | 0.39 |
| Up Capture | -12% | -9% | -9% | 28% | 18% | 8% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 22 | 36 | 69 | 141 | 396 |
| Down Capture | -375% | -23% | -62% | -9% | -36% | 44% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 20 | 27 | 54 | 109 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEE | |
|---|---|---|---|---|
| NEE | 48.0% | 24.6% | 1.54 | - |
| Sector ETF (XLU) | 19.7% | 14.2% | 1.03 | 64.2% |
| Equity (SPY) | 27.8% | 12.5% | 1.73 | 9.1% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 17.6% |
| Commodities (DBC) | 50.1% | 18.0% | 2.16 | 9.2% |
| Real Estate (VNQ) | 11.0% | 13.4% | 0.53 | 35.8% |
| Bitcoin (BTCUSD) | -17.3% | 42.2% | -0.34 | 6.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEE | |
|---|---|---|---|---|
| NEE | 7.3% | 26.7% | 0.27 | - |
| Sector ETF (XLU) | 10.5% | 17.2% | 0.46 | 77.0% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 35.3% |
| Gold (GLD) | 20.2% | 17.9% | 0.92 | 17.9% |
| Commodities (DBC) | 14.0% | 19.1% | 0.60 | 9.1% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 50.8% |
| Bitcoin (BTCUSD) | 7.9% | 56.2% | 0.35 | 9.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEE | |
|---|---|---|---|---|
| NEE | 15.7% | 25.3% | 0.59 | - |
| Sector ETF (XLU) | 10.4% | 19.2% | 0.47 | 81.8% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 45.1% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 17.9% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 11.1% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 57.8% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.06 | 10.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | 6.9% | 4.6% | |
| 1/27/2026 | 2.0% | 1.0% | 11.3% |
| 10/28/2025 | -2.9% | -4.9% | -0.7% |
| 7/23/2025 | -6.1% | -7.2% | -1.8% |
| 4/23/2025 | 0.9% | 0.9% | 7.4% |
| 1/24/2025 | 5.2% | 3.0% | 2.3% |
| 10/23/2024 | 1.5% | -4.9% | -8.1% |
| 7/24/2024 | 4.6% | 3.0% | 10.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 12 |
| # Negative | 11 | 10 | 11 |
| Median Positive | 2.0% | 3.0% | 10.9% |
| Median Negative | -2.9% | -4.9% | -9.8% |
| Max Positive | 7.0% | 11.0% | 17.8% |
| Max Negative | -8.7% | -11.0% | -15.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/23/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 07/26/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 EPS | 3.92 | 3.97 | 4.02 | 0 | Affirmed | Guidance: 3.97 for 2026 | |
| 2032 EPS Growth | 8.0% | 0 | Affirmed | Guidance: 8.0% for 2032 | |||
| 2026 Dividends | 0.1 | 0 | Affirmed | Guidance: 0.1 for 2026 | |||
| 2028 Dividends | 0.06 | 0 | Affirmed | Guidance: 0.06 for 2028 | |||
| 2026 Capital Expenditures | 12.00 Bil | 12.50 Bil | 13.00 Bil | ||||
Prior: Q4 2025 Earnings Reported 1/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EPS | 3.92 | 3.97 | 4.02 | 4.1% | Raised | Guidance: 3.81 for 2026 | |
| 2032 Adjusted EPS Growth | 8.0% | Higher New | |||||
| 2035 Adjusted EPS Growth | 8.0% | Higher New | |||||
| 2026 Dividends per share growth | 10.0% | 0 | Affirmed | Guidance: 10.0% for 2026 | |||
| 2028 Dividends per share growth | 6.0% | Higher New | |||||
| 2032 Capital Expenditures | 90.00 Bil | 95.00 Bil | 100.00 Bil | Higher New | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Daggs, Nicole J | EVP, Human Res & Corp Svcs | Direct | Sell | 3162026 | 93.00 | 4,934 | 458,862 | 1,572,165 | Form |
| 2 | May, James Michael | Treasurer and Asst. Secretary | Direct | Sell | 3102026 | 90.27 | 7,161 | 646,423 | 2,411,924 | Form |
| 3 | Crews, Terrell Kirk II | EVP, Chief Risk Officer | Direct | Sell | 3102026 | 90.27 | 19,672 | 1,775,791 | 6,667,071 | Form |
| 4 | Lemasney, Mark | EVP Power Generation Division | Direct | Sell | 3102026 | 90.27 | 3,845 | 347,088 | 811,979 | Form |
| 5 | Reagan, Ronald R | EVP, Eng., Const. & ISC | Direct | Sell | 2182026 | 95.00 | 5,079 | 482,505 | 1,041,200 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.