NextEra Energy Back To Earth


  • Low-beta (0.49), $152 billion-market cap NextEra has attracted investor interest for its renewables portfolio & for position as the largest US regulated retail utility, located in high-growth Florida.
  • However, despite good Florida growth, the company’s results have stumbled due to higher natural gas costs and supply chain difficulties, particular solar panel origin sanctions.
  • The company’s 2.2% dividend, EPS disappointment, campaign finance probe distraction, and non-bargain financial metrics make it less attractive at this time.

High voltage power lines receding toward horizon, Florida Power and Light (<a href='' _fcksavedurl='' title='First Trust New Opportunities MLP & Energy Fund'>FPL</a>) transmission line corridor - Wolf Lake Park, Davie, Florida, USA

Sunshower Shots/iStock via Getty Images

NextEra Energy (NYSE:NEE) is a holding company for a regulated retail utility (the combined Florida Power & Light (FPL) and Gulf Power that together have about six million customer accounts) and an unregulated generation subsidiary, NextEra Energy Resources (NEER). NEER generates clean energy

Data by YCharts

Henry Hub natural gas price and NYMEX confidence interval


Florida Power Generation Primary Fuel


dry shale production


Data by YCharts

NEE logo

Disclosure: I/we have a beneficial long position in the shares of NEE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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