NextEra Energy, Inc.
- Open
- 80.97
- Day high
- 82.60
- Day low
- 80.75
- Prev close
- 81.84
- Volume
- 13.9M
- Mkt cap
- $171.8B
- P/E (TTM)
- 18.4
- EPS (TTM)
- $4.47
- P/B
- 3.0
- P/S
- 5.9
- Yield
- 2.96%
- Per share
- $2.44
NextEra Energy, Inc. (NEE) is a Utilities company listed on NYSE. The stock is up 13% over the past year. Drillr has 14 published research articles covering NEE.
NextEra Energy, Inc. (NEE) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NEE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 24, 2026 | $1.11 | $1.15 | +3.6% | $7.5B | -7.1% |
| Apr 23, 2026 | $1.03 | $1.09 | +5.8% | $6.7B | -7.8% |
| Jan 27, 2026 | $0.56 | $0.53 | -5.4% | $6.6B | -2.4% |
| Oct 28, 2025 | $0.97 | $1.13 | +16.9% | $8.0B | -2.0% |
| Jul 23, 2025 | $1.01 | $1.05 | +4.0% | $6.7B | -7.1% |
| Apr 23, 2025 | $0.97 | $0.99 | +2.2% | $6.2B | -6.0% |
| Jan 24, 2025 | $0.53 | $0.53 | +0.0% | $5.4B | -28.9% |
| Oct 23, 2024 | $0.98 | $1.03 | +5.1% | $7.6B | -6.7% |
| Jul 24, 2024 | $0.98 | $0.96 | -2.0% | $6.1B | -16.6% |
| Jan 25, 2024 | $0.49 | $0.52 | +6.1% | $6.9B | +20.7% |
| Jul 25, 2023 | $0.83 | $0.88 | +6.0% | $7.3B | +17.9% |
| Jan 25, 2023 | $0.50 | $0.51 | +2.2% | $6.2B | -2.0% |
NEE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 18, 2026 | Rubio Alexofficer: EVP, Eng., Const. & ISC | Tax | 85 | $86.19 |
| Jul 8, 2026 | Arnaboldi Nicole Sdirector | Grant | 409 | — |
| Jun 16, 2026 | Arnaboldi Nicole Sdirector | Grant | 63 | — |
| Jun 16, 2026 | PORGES DAVID Ldirector | Grant | 52 | — |
| Jun 16, 2026 | CAMAREN JAMES LAWRENCEdirector | Grant | 273 | — |
| May 8, 2026 | Bolster Brian Wofficer: Pres. and CEO of Sub | Tax | 1,251 | $95.39 |
| Apr 7, 2026 | Arnaboldi Nicole Sdirector | Grant | 392 | — |
| Mar 18, 2026 | Bolster Brian Wofficer: Pres. and CEO of Sub | Tax | 428 | $92.53 |
| Mar 18, 2026 | Gough William Johnofficer: VP, Controller & CAO | Tax | 93 | $92.53 |
| Mar 18, 2026 | May James Michaelofficer: Treasurer and Asst. Secretary | Tax | 316 | $92.53 |
| Mar 17, 2026 | CAMAREN JAMES LAWRENCEdirector | Grant | 218 | — |
| Mar 17, 2026 | Arnaboldi Nicole Sdirector | Grant | 47 | — |
| Mar 17, 2026 | PORGES DAVID Ldirector | Grant | 41 | — |
| Mar 16, 2026 | Daggs Nicole Jofficer: EVP, Human Res & Corp Svcs | Sell | 745 | $93.00 |
| Mar 16, 2026 | Daggs Nicole Jofficer: EVP, Human Res & Corp Svcs | Sell | 4,189 | $93.00 |
Source: NEE SEC Form 4 filings, latest Aug 18, 2026. For informational purposes only — not investment advice.
See the full NEE insider & 13F page →NEE research & analysis
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NextEra Energy, Inc. company profile
Overview
NextEra Energy, Inc. (NYSE:NEE) is one of the largest electric utility companies in the United States, founded in 1925 and headquartered in Juno Beach, Florida. Originally known as FPL Group, Inc., the company changed its name to NextEra Energy in 2010 to better reflect its expanded focus on renewable energy development. Today, NextEra operates as a leading clean energy company with two primary business segments: Florida Power & Light (FPL), which serves approximately 5.7 million customer accounts across Florida, and NextEra Energy Resources, one of the world's largest generators of renewable energy from wind and solar.
Business
NextEra Energy operates in the electric utility industry, which involves the generation, transmission, distribution, and sale of electricity to consumers and businesses. The company's business is structured around two main segments that together represent the full spectrum of electric utility operations. Florida Power & Light (FPL) is a traditional regulated electric utility that serves approximately 11 million people through 5.7 million customer accounts primarily along the east and lower west coasts of Florida. As a regulated utility, FPL operates under state oversight and earns returns on its invested capital while providing reliable electricity service to customers. The utility generates electricity through a diverse mix of sources including natural gas, nuclear, solar, and coal facilities. FPL has been aggressively expanding its solar generation capacity, with plans to reach 35% solar generation by 2032. This segment represents the stable, regulated portion of NextEra's business and typically accounts for a significant portion of total earnings. NextEra Energy Resources operates as a competitive wholesale power generator and renewable energy developer across North America. Unlike the regulated FPL business, this segment operates in competitive wholesale electricity markets and develops, owns, and operates renewable energy projects under long-term contracts with utilities, corporations, and other large energy users. The division focuses primarily on wind, solar, and battery storage projects, with a development backlog exceeding 25 gigawatts. This segment has become increasingly important as corporate customers, particularly technology companies and data centers, seek clean energy solutions to meet their sustainability goals. Energy Resources also explores emerging technologies like green hydrogen and has been evaluating opportunities in nuclear power, including the potential recommissioning of existing nuclear facilities. The company also owns transmission and distribution infrastructure, including approximately 77,000 circuit miles of transmission and distribution lines and 696 substations, supporting its integrated utility operations. NextEra's total generating capacity exceeds 28,000 megawatts across its combined fleet.
Revenue model
NextEra Energy generates revenue through multiple business models that reflect its diversified utility and competitive energy operations. Regulated Utility Revenue (FPL): The Florida Power & Light segment operates under a traditional regulated utility model where rates are set by state regulators to allow the company to recover its costs and earn a reasonable return on invested capital. Revenue comes from selling electricity to residential, commercial, and industrial customers at regulated rates. The regulatory framework typically allows FPL to earn a return on equity of approximately 11.4%, providing predictable cash flows. This segment benefits from Florida's robust population growth, with approximately 1,000 people moving to the state daily, driving consistent demand growth and the need for infrastructure investment. Competitive Power Generation Revenue (Energy Resources): NextEra Energy Resources generates revenue through long-term power purchase agreements (PPAs) with utilities, corporations, and other large energy users. These contracts typically span 15-25 years and provide predictable cash flows from renewable energy projects. The segment also participates in wholesale electricity markets, selling power and ancillary services. Additionally, the company monetizes federal tax credits associated with renewable energy development, including production tax credits (PTCs) and investment tax credits (ITCs). Development and Asset Management: The company earns development fees and ongoing asset management revenues from renewable energy projects. NextEra also engages in strategic asset sales, such as the recent $900 million partial sale of a renewable portfolio to Blackstone, allowing it to recycle capital while retaining operational control and cash flows. Several factors influence NextEra's profitability and margins. Positive factors include growing electricity demand driven by data centers, artificial intelligence computing, and electric vehicle adoption; declining costs of renewable energy technologies; federal tax incentives for clean energy; and Florida's continued population and economic growth. Negative factors include potential changes to federal renewable energy tax policies; supply chain disruptions and component cost inflation; interest rate increases that raise financing costs for capital-intensive projects; and regulatory changes that could impact allowed returns or cost recovery mechanisms. The company has actively managed interest rate exposure through $32 billion in interest rate swaps at an average coupon of 3.9%, reducing sensitivity to rate fluctuations.
Competitive moat
NextEra Energy possesses several competitive advantages that create a meaningful economic moat, though the strength varies between its business segments. Regulated Utility Moat (FPL): The Florida Power & Light segment benefits from a classic regulated utility moat - a government-sanctioned monopoly serving defined geographic territories. Customers cannot choose alternative electricity providers, creating captive demand and predictable cash flows. The regulatory framework provides cost recovery mechanisms and allows reasonable returns on invested capital. FPL's service territory in Florida is particularly attractive due to the state's robust population growth, favorable business climate, and lack of state income tax, which continues to drive in-migration and electricity demand growth. The utility has also built a reputation for operational excellence, consistently ranking among the most reliable utilities in the nation. Renewable Development Moat (Energy Resources): NextEra Energy Resources has established itself as the largest renewable energy developer in North America, creating several competitive advantages. The company's scale allows it to secure favorable pricing on equipment and materials, negotiate better financing terms, and spread development costs across a large portfolio. Its track record and financial strength make it a preferred partner for corporate customers seeking reliable renewable energy solutions. The company has developed expertise in project development, permitting, construction, and operations that creates barriers for smaller competitors. Additionally, NextEra has secured strategic partnerships, such as its framework agreement with GE Vernova for natural gas generation, positioning it to offer comprehensive energy solutions. Potential Competitive Threats: The regulated utility business faces minimal direct competition but could be disrupted by distributed energy resources like rooftop solar and battery storage, though Florida's regulatory environment has been relatively protective of utility interests. The competitive renewable energy business faces increasing competition as more players enter the market, potentially compressing development margins. Large technology companies are also developing internal renewable energy capabilities, potentially reducing demand for third-party developers. However, the massive scale of projected energy demand growth - with NextEra expecting 6x increase in power demand over the next 20 years - suggests sufficient market opportunity for multiple players. The company's integrated model, combining regulated utility operations with competitive renewable development, provides diversification benefits and allows it to leverage expertise across both segments. This positions NextEra well to capitalize on the ongoing energy transition while maintaining stable cash flows from its regulated operations.
Risks & safety
NextEra Energy demonstrates a moderate margin of safety with some areas of concern around liquidity and valuation metrics. Liquidity and Solvency: • Current ratio of 0.47 indicates potential short-term liquidity challenges, with current liabilities significantly exceeding current assets • Cash and short-term investments of $1.5 billion provide limited liquidity buffer • Strong operating cash flow of $13.3 billion annually supports operations and capital investment • Debt-to-equity ratio of 1.64 reflects moderate leverage typical for utilities • Free cash flow of $4.7 billion in 2024 demonstrates ability to generate cash after capital expenditures Valuation Metrics: • Price-to-earnings ratio of 21.2x appears reasonable for a utility with growth prospects • EV/EBITDA of 16.3x suggests moderate valuation relative to cash generation • Price-to-book ratio of 2.94x reflects premium valuation for utility assets • Graham number of $43.02 suggests potential undervaluation at current levels Other Considerations: • Planned $120 billion capital investment over four years requires substantial financing • Interest rate hedging through $32 billion in swaps provides some protection against rate increases • Regulated utility operations provide stable cash flow foundation • Strong credit profile supports access to capital markets for financing growth
Recent development
Over the past few years, NextEra Energy has executed several strategic initiatives to position itself as a leader in the clean energy transition while maintaining its strong regulated utility foundation. Renewable Energy Expansion: The company has dramatically expanded its renewable energy development pipeline, with the Energy Resources backlog growing from approximately 19 gigawatts in 2022 to over 25 gigawatts by 2024. The company has consistently added 8-12 gigawatts of new projects annually and placed significant capacity into service, including 8.7 gigawatts in 2024 alone. NextEra has secured major contracts with technology companies, including an 860-megawatt project with Google, reflecting the growing demand from data centers and artificial intelligence computing. Strategic Partnerships and Technology Diversification: In 2024, NextEra announced a framework agreement with GE Vernova to develop natural gas-fired generation solutions through a 50-50 joint venture, recognizing that renewable energy alone may not meet all future power demands. The company is also exploring nuclear opportunities, including the potential recommissioning of the Duane Arnold nuclear plant, though management remains skeptical about small modular reactors (SMRs) in the near term. Florida Solar Acceleration: At FPL, NextEra has accelerated solar deployment beyond original plans, placing 894 megawatts into service in Q1 2025 alone and targeting 35% solar generation by 2032. The utility has added nearly 119,000 customers in Q4 2024, reflecting Florida's continued population growth and the need for expanded infrastructure investment. Leadership Transition and Operational Excellence: The company has managed a significant leadership transition with Rebecca Kujawa retiring after 18 years and Brian Bolster becoming President and CEO of NextEra Energy Resources. Despite operational challenges including major hurricanes in Florida, the company maintained its focus on reliability, restoring power to 95% of customers within 2-4 days after Hurricanes Helene and Milton. Capital Allocation and Asset Optimization: NextEra has engaged in strategic asset recycling, including the $900 million partial sale of renewable assets to Blackstone, allowing the company to recycle capital while maintaining operational control. The company has also been reviewing strategic options for NextEra Energy Partners (NEP), its publicly traded subsidiary, to optimize capital structure and growth opportunities.
NEE company profile · for informational purposes only — not investment advice.
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