NextEra Energy doesn't expect nuclear power to play a starring role in the country's energy resurgence.
NextEra Energy could deliver supercharged growth in the coming years.
Goldman Sachs analyst Carly Davenport raised the price target for NextEra Energy, Inc. NEE to $92 (from $86) and reiterated the Buy rating.
The future of the energy sector lies in the most attractive and developed alternative energy sources. While this might not be an immediate payoff for those backing the trend, it does serve as a good place to start allocating capital with the next decade in mind.
NextEra Energy is a fast-growing utility.
NEE's third-quarter earnings per share come in better than estimates, Adds 3 GW of renewable projects to its backlog in the third quarter.
NextEra Energy, Inc. (NYSE:NEE ) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET Company Participants Mark Edelman - Director of Investor Relations John Ketchum - Chairman, President and Chief Executive Officer of NextEra Energy Brian Bolster - Executive Vice President and Chief Financial Officer of NextEra Energy Rebecca Kujawa - President and Chief Executive Officer of NextEra Energy Resources Conference Call Participants Steve Fleishman - Wolfe Research Shahriar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies David Arcaro - Morgan Stanley Jeremy Tonet - JPMorgan Andrew Weisel - Scotiabank Operator Good day, and welcome to the NextEra Energy Inc. and NextEra Energy Partners LP Third Quarter 2024 Earnings Call. All participants will be in a listen-only mode.
The headline numbers for NextEra (NEE) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NextEra Energy (NEE) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.94 per share a year ago.
NextEra Energy's third-quarter profit beat Wall Street estimates on Wednesday, helped by strength in its renewables unit.
In a surprising turn of events, the utilities sector has emerged as one of the best-performing sectors of 2024. Year-to-date (YTD), the Utilities Select Sector SPDR ETF NYSE: XLU is up nearly 30%, outpacing the QQQ ETF and the S&P 500 ETF NYSE: SPY, both of which have gained closer to 20%.
NEE's earnings for the third quarter are likely to have benefited from the strong economic condition in Florida and the addition of new customers creating fresh demand.