Nextera Energy Intrinsic Stock Value – NEXTERA ENERGY Reports Q2 2023 Earnings Results on July 25th
August 2, 2023
☀️Earnings Overview
On July 25, 2023, NEXTERA ENERGY ($NYSE:NEE) reported its earnings results for the fiscal year 2023’s second quarter (ending on June 30, 2023). The quarter’s total revenue came to USD 7.3 billion, representing a 41.9% increase from the corresponding period of the previous year. Net income for the quarter was reported to be USD 2.8 billion, an impressive 102.9% higher than the same quarter of the preceding year.
Share Price
NEXTERA ENERGY, an energy-services company, has reported their second quarter earnings results on July 25th. The stock opened at $75.8 and closed at $75.4, showing a drop of 0.1% from their previous closing price of 75.5. This has been the company’s first report of their Q2 2023 earnings. Their report includes a detailed overview of the company’s financial position and key achievements in this quarter.
The company also provided an update on its key strategies and initiatives for the remainder of the year. Analysts are eager to see how the company performs in the upcoming quarters and whether the current strategies will allow them to continue to reach their financial goals. Investors are hopeful that NEXTERA ENERGY will continue to provide strong quarterly reports and increase their share value in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nextera Energy. More…
| Total Revenues | Net Income | Net Margin |
| 26.95k | 8.1k | 27.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nextera Energy. More…
| Operations | Investing | Financing |
| 8.23k | -21.86k | 11.9k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nextera Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 168.28k | 113.9k | 22.14 |
Key Ratios Snapshot
Some of the financial key ratios for Nextera Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.4% | 17.3% | 40.1% |
| FCF Margin | ROE | ROA |
| -6.6% | 15.4% | 4.0% |
Analysis – Nextera Energy Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of NEXTERA ENERGY‘s wellbeing. Our proprietary Valuation Line gives the fair value of NEXTERA ENERGY share to be around $109.2. However, right now, the stock is being traded at $75.4, which is undervalued by 30.9%. As such, this could be a great opportunity for potential investors to enter the market at a discounted rate. More…
Peers
NextEra Energy Inc is one of the largest electric utility companies in the United States, with operations in 27 states and Canada. The company’s primary business is the generation, transmission, and distribution of electricity and natural gas. NextEra Energy also owns and operates a number of other businesses, including a renewable energy development company and a nuclear power plant. The company’s competitors include Southern Co, NextEra Energy Partners LP, Consolidated Edison Inc, and a number of other large electric utility companies.
– Southern Co ($NYSE:SO)
The Southern Company is an American electric utility holding company headquartered in Atlanta, Georgia. As of December 31, 2020, it had approximately 4.5 million customers and more than 46,000 megawatts of generating capacity. The company’s generation portfolio includes nuclear, coal-fired, oil- and natural gas-fired, and renewable energy sources.
– NextEra Energy Partners LP ($NYSE:NEP)
NextEra Energy Partners LP is a publicly traded limited partnership formed by NextEra Energy, Inc. (NYSE: NEE), a leading clean energy company with operations and investments in 27 states and Canada as of December 31, 2020. Headquartered in Juno Beach, Florida, NextEra Energy Partners is one of the largest wholesale generators of renewable energy from the sun and wind in the United States.
– Consolidated Edison Inc ($NYSE:ED)
Consolidated Edison Inc is a large electric utility company that serves the New York City area. The company has a market capitalization of over $31 billion and a return on equity of 8.28%. Consolidated Edison is one of the largest electric utilities in the United States and provides power to over 3 million customers in New York City and Westchester County. The company is also one of the largest gas utilities in the United States, serving over 1 million customers in New York City.
Summary
NEXTERA ENERGY‘s second quarter financials reported total revenue of USD 7.3 billion, representing an increase of 41.9% year-over-year (YoY). Net income for the quarter was reported to be USD 2.8 billion, representing a surge of 102.9% YoY. The company’s strong performance in the second quarter can be attributed to solid demand for its energy services, as well as improved cost management and efficiency gains. Going forward, investors can remain optimistic about NEXTERA ENERGY’s future prospects given its ability to deliver consistent growth and profitability.
Additionally, investors should watch for any new developments in the company’s renewable energy initiatives.
