Nextera Energy Stock Fair Value – NextEra Energy Transmission MidAtlantic Proposal Selected for PJM Transmission System
December 14, 2023
☀️Trending News
NEXTERA ($NYSE:NEE): NextEra Energy Transmission MidAtlantic has been selected by PJM, the Power System Operator for the Mid-Atlantic region, to build and manage a new transmission system. This selection is a major win for NextEra Energy Transmission MidAtlantic, as it demonstrates their commitment to providing reliable electricity solutions on a large scale. The new transmission system is expected to help improve overall system reliability and market efficiency, while simultaneously reducing associated costs. They are also committed to ensuring that their energy solutions provide long-term value by maintaining safety standards and delivering reliable and cost-effective services.
Share Price
This was a major development for the company, as the proposal was selected out of five other applicants. Although the news boosted confidence in NEXTERA ENERGY, it had little impact on its stock price. The stock opened at $59.7 on Tuesday and eventually closed at $59.5, down by 0.3% from its last closing price of $59.7. Despite the marginal drop, investors remain hopeful that the project will prove to be a positive development for NEXTERA ENERGY’s future prospects. 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 |
| 27.4k | 7.62k | 25.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nextera Energy. More…
| Operations | Investing | Financing |
| 9.42k | -23.29k | 12.69k |
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 |
| 171.67k | 115.11k | 23.27 |
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 |
| 14.6% | 22.2% | 37.0% |
| FCF Margin | ROE | ROA |
| -4.4% | 13.8% | 3.7% |
Analysis – Nextera Energy Stock Fair Value
GoodWhale has conducted an analysis of NEXTERA ENERGY‘s wellbeing and have found their fair market value to be around $103.8. This was calculated using our proprietary Valuation Line, which takes into account many factors that go into a company’s overall wellbeing. This indicates that the stock is currently undervalued and presents a good opportunity for potential investors. Therefore, we recommend that potential investors take this into consideration when making their decision about where to invest. More…
Peers
NextEra Energy Inc is one of the largest electric utility companies in the United States, with operations in 27 states and Canada. The company’s primary business is the generation, transmission, and distribution of electricity and natural gas. NextEra Energy also owns and operates a number of other businesses, including a renewable energy development company and a nuclear power plant. The company’s competitors include Southern Co, NextEra Energy Partners LP, Consolidated Edison Inc, and a number of other large electric utility companies.
– Southern Co ($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 is a leading energy company that is widely known for its renewable energy investments. The company has recently been selected by PJM to join its MidAtlantic transmission proposal. This investment presents Nextera with a great opportunity to expand its reach and increase its presence in the US electricity transmission market. By investing in the proposal, Nextera will benefit from higher returns and more efficient operations. It will also help diversify the company’s portfolio and strengthen its competitive position in the industry.
Furthermore, the investment will create value for its customers by providing reliable and affordable electricity. With the proposal, Nextera will continue to promote clean energy sources and reduce carbon emissions. Overall, the proposed investment is expected to be beneficial for Nextera as well as for the environment.
