NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage facilities, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. The company had approximately 35,052 megawatts of net generating capacity; approximately 91,000 circuit miles of transmission and distribution lines; and 921 substations. It serves approximately 12 million people through approximately 6 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.
Renewable Powerhouse | NextEra Energy leads the clean energy transition with a diverse portfolio and innovative technologies, positioning itself for substantial growth in the evolving energy landscape. |
Strategic Expansion | Explore NextEra's partnership with GE Vernova for gas generation solutions and its impressive 25GW renewable energy backlog, signaling robust future growth potential. |
Market Dynamics | Delve into the rising demand for resource adequacy and increased electricity needs driven by AI and data centers, presenting significant opportunities for NextEra's offerings. |
Navigating Challenges | Analysts project a price target range of $84 to $102, reflecting optimism despite regulatory headwinds and the need to address peak energy demand periods effectively. |
Metrics to compare | NEE | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipNEEPeersSector | |
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P/E Ratio | 26.7x | 19.9x | 11.8x | |
PEG Ratio | −0.99 | 3.72 | 0.02 | |
Price/Book | 3.0x | 1.9x | 1.3x | |
Price / LTM Sales | 5.8x | 2.8x | 1.5x | |
Upside (Analyst Target) | 10.8% | 12.7% | 14.4% | |
Fair Value Upside | Unlock | −14.3% | 5.2% | Unlock |