NextEra Energy Is Overvalued [Seeking Alpha]
NextEra Energy, Inc. (NEE)
Last nextera energy, inc. earnings: 4/22 07:30 am
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Source: Seeking Alpha
Play 6min Summary NextEra Energy's valuation is unjustifiable despite its significant renewable portfolio and $170 billion market cap, making it a poor investment. The company's 9% YoY improvement and 2.4% dividend yield align it with S&P 500 returns, but don't justify its P/E ratio in the 20s. Florida Power & Light drives growth, but Florida's slowing population growth could limit future earnings. NextEra's 30 GW renewable backlog and 6%-8% earnings growth forecast are promising, but the transition is costly and relies on rate adjustments. The Retirement Forum members get exclusive access to our real-world portfolio. See all our investments here » Umarin Nakamura/iStock via Getty Images NextEra Energy, Inc. ( NYSE: NEE ) is one of the largest US energy companies with a market capitalization of more than $170 billion. The company has one of the largest renewable portfolios of any company and continues to generate massive amounts of electricity. However, as we'll see
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NEE
News
- NextEra Energy, Inc. (NYSE: NEE) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $87.00 price target on the stock.MarketBeat
- Florida family slapped with $12K electric bill, left without power in 90-degree heat after alleged meter tampering [Yahoo! Finance]Yahoo! Finance
- FPL's Turkey Point nuclear plant's Units 3 and 4 licences extended [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on NextEra Energy Inc. (NEE): ‘Red Hot Stock!' [Yahoo! Finance]Yahoo! Finance
- NRC Authorizes FPL's Turkey Point Nuclear Power Plant to Operate for Another 20 YearsPR Newswire
NEE
Earnings
- 7/25/24 - Beat
NEE
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- NEE's page on the SEC website