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Nextra Energy, Inc. - NEE STOCK NEWS

Welcome to our dedicated page for Nextra Energy news (Ticker: NEE), a resource for investors and traders seeking the latest updates and insights on Nextra Energy stock.

NextEra Energy, Inc. (NYSE: NEE) is a leading American energy company headquartered in Juno Beach, Florida. With a generating capacity of approximately 58 gigawatts (GW), the company reported revenues exceeding $18 billion in 2020 and employs around 14,900 individuals across the United States and Canada. As the largest electric utility holding company by market capitalization, NextEra Energy is a significant player in the energy sector.

NextEra Energy's principal subsidiary, Florida Power & Light (FP&L), is the largest rate-regulated utility in Florida. FP&L serves nearly 6 million customer accounts, providing clean, affordable, and reliable electricity to over 12 million residents. It generates 34 GW of power, contributing roughly 70% of NextEra's consolidated operating earnings.

Another key segment of NextEra Energy is NextEra Energy Resources, the renewable energy sector. This division is the world's largest generator of renewable energy from wind and solar sources and a global leader in battery storage, boasting over 30 GW of generation capacity. The company’s portfolio includes diverse sources such as natural gas, nuclear, wind, and solar energy.

Recent achievements include the successful pricing of $1.0 billion in subordinated debentures by NextEra Energy Capital Holdings, a move aimed at funding investments in energy projects and repaying commercial paper obligations. Additionally, FP&L has secured regulatory approval for consecutive rate decreases, reflecting its commitment to lowering customer bills and maintaining affordability.

NextEra Energy is frequently recognized for its efforts in sustainability, corporate responsibility, ethics, and diversity. In 2023, it was ranked No. 1 in the electric and gas utilities industry in Fortune's list of 'World's Most Admired Companies' and was also noted for its contributions to global environmental goals. The company operates seven commercial nuclear power units across Florida, New Hampshire, and Wisconsin, generating emissions-free electricity.

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NextEra Energy Partners revises limited partner distribution growth rate to 5% to 8% per year through 2026, with a target of 6%. No growth equity expected until 2027. Plans to repower wind portfolio and acquire assets. Expects adjusted EBITDA of $1.9-2.1B and CAFD of $730-820M at year-end 2023. Q3 distribution per common unit to be $3.47, Q4 distribution to be $3.52. John Ketchum to present at conference.
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Chesapeake Utilities Corporation to acquire Florida City Gas for $923 million in cash, doubling its natural gas business in Florida. The acquisition is expected to increase earnings per share growth rate to approximately 8% through 2028. Financing plan includes a balanced mix of equity and long-term debt. The transaction is projected to increase Chesapeake Utilities' regulated natural gas utility customers and net plant by 50% and 30%, respectively. Capital expenditure guidance increased to $1.5 billion to $1.8 billion for the five years ended 2028. EPS guidance for 2028 is in the range of $7.75 to $8.00 per share, implying an EPS growth rate of approximately 8%.
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NextEra Energy to sell Florida City Gas to Chesapeake Utilities for $923 million in cash
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NextEra Energy appoints Maria G. Henry to its board of directors
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NextEra Energy announces settlement rate for corporate units issued in September 2020
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Ingevity Corporation (NYSE:NGVT) has entered into a renewable product purchase agreement with NextEra Energy Resources to produce offsetting renewable energy to lower Scope 2 emissions related to Ingevity’s U.S. manufacturing locations. Ingevity aims to reduce greenhouse gas emissions and be carbon neutral for absolute GHG emissions from manufacturing operations by 2050. Ingevity will receive 85 megawatts of capacity at a new NextEra Energy Resources solar site in North Texas.
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NextEra Energy, Inc. declares a regular quarterly common stock dividend of $0.4675 per share.
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NextEra Energy, Inc. has released its second-quarter 2023 financial results. The company's chairman, president, and CEO, along with other senior management members, will discuss the results in an investor presentation.
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FAQ

What is the current stock price of Nextra Energy (NEE)?

The current stock price of Nextra Energy (NEE) is $76.35 as of November 15, 2024.

What is the market cap of Nextra Energy (NEE)?

The market cap of Nextra Energy (NEE) is approximately 156.3B.

What is NextEra Energy, Inc.?

NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company based in Juno Beach, Florida, with a focus on generating capacity, renewable energy, and electric utility services.

What businesses does NextEra Energy operate?

NextEra Energy operates Florida Power & Light Company, the largest rate-regulated utility in Florida, and NextEra Energy Resources, the world's largest generator of renewable energy from wind and solar.

How many employees does NextEra Energy have?

NextEra Energy employs approximately 14,900 people across the United States and Canada.

What recent financial activities has NextEra Energy undertaken?

Recently, NextEra Energy Capital Holdings priced $1.0 billion in subordinated debentures aimed at funding energy projects and general corporate purposes.

What are the recent developments in Florida Power & Light?

FP&L has secured approval for consecutive rate decreases to lower customer bills, reflecting lower fuel prices and ending surcharges for hurricane restoration costs.

How does NextEra Energy contribute to renewable energy?

NextEra Energy Resources focuses on renewable energy, with more than 30 GW of generation capacity from wind, solar, and battery storage.

Is NextEra Energy involved in nuclear power?

Yes, NextEra Energy operates seven commercial nuclear power units in Florida, New Hampshire, and Wisconsin, generating clean, emissions-free electricity.

What recognitions has NextEra Energy received for its efforts?

NextEra Energy has been acknowledged for its sustainability, corporate responsibility, ethics, and diversity, including being named No. 1 in Fortune's 'World's Most Admired Companies'.

What is the significance of NextEra Energy's stock symbol?

NextEra Energy is listed under the ticker symbol NEE on the New York Stock Exchange, reflecting its presence as a major player in the clean energy sector.

Where can I find financial results for NextEra Energy?

NextEra Energy's financial results are posted on its website at www.NextEraEnergy.com/FinancialResults and are also discussed in investor presentations available online.

Nextra Energy, Inc.

NYSE:NEE

NEE Rankings

NEE Stock Data

156.31B
2.05B
0.08%
83.12%
1.36%
Utilities - Regulated Electric
Electric Services
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United States of America
JUNO BEACH