NextEra Energy’s stock climbs on strong Q3 results, landfill gas-to-electric deal

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Nextera Energy Intrinsic Value – NEXTERA ENERGY ($NYSE:NEE) is a leading provider of electricity and gas services. They have a long history of providing quality services to their customers. Recently, they agreed to sell their landfill gas-to-electric facilities portfolio to NextEra Energy for $1.1B. This move caused their stock to go up 1.3% pre-market Friday.

The reason for the stock increase was due to NextEra Energy’s strong Q3 results. They beat expectations for adjusted earnings and revenues. This deal will help them continue to provide quality services to their customers.

Earnings

In its earning report of FY2022 Q2 as of June 30, NEXTERA ENERGY earned 17.5B USD in total revenue, earned 2.6B USD in net income. Compared to previous year, 2.3% increase in total revenue, 27.8% decrease in net income. NEXTERA ENERGY’s total revenue reached from 18.0B USD to 17.5B USD in the last 3 years. The company attributed the strong results to its focus on cost control and operational efficiencies. NEXTERA ENERGY has been working to reduce its debt and improve its financial flexibility in recent years. The company has also been investing in its renewable energy business.

NEXTERA ENERGY’s stock has been on a tear in recent months, climbing more than 30%. The company is one of the world’s largest producers of renewable energy. NEXTERA ENERGY operates a fleet of nuclear, natural gas, and coal-fired power plants. The company also owns and operates a network of transmission and distribution lines.

Share Price

NextEra Energy‘s stock price has been climbing in recent days, thanks to strong third-quarter results and a new landfill gas-to-electricity deal. The company’s share price opened at $76.8 on Friday and closed at $79.0, up 4.7% from its previous close of $75.5. This positive news coverage has been a boost for the company’s stock price, which has been climbing steadily in recent days.

VI Analysis – Nextera Energy Intrinsic Value Calculator

NEXTERA ENERGY is a utility company with a long-term growth potential. VI app makes it easy to analyze the company’s fundamentals and calculate its fair value. The fair value of NEXTERA ENERGY shares is around $84.0. The stock is currently trading at $79.0, which is a fair price that is undervalued by 6%.

VI 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

Investors may be interested in Nextera Energy for a number of reasons. The company is a leading provider of renewable energy, with a strong focus on solar and wind power. It also has a diversified portfolio of energy assets, including natural gas and nuclear power.

In addition, Nextera Energy has a proven track record of delivering strong financial results. Nextera Energy offers investors a number of compelling reasons to consider investing in the company. The company is a leader in renewable energy, with a strong focus on solar and wind power. It also has a diversified portfolio of energy assets, including natural gas and nuclear power. In addition, Nextera Energy has a proven track record of delivering strong financial results.