NextEra Energy Partners to Participate in EEI Financial Conference
November 15, 2023
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NEXTERA ($NYSE:NEE): NEP is a publicly traded limited partnership that owns, operates, and acquires clean energy projects. The company, formed by NextEra Energy, Inc. (NEE), is the leading provider of contracted clean energy projects in the United States. The company owns two electric utilities, Florida Power & Light Company and Gulf Power Company.
NEE also produces and markets natural gas and renewable energy from a variety of sources including wind, solar, and natural gas. NEE has a history of strong operational performance, delivering reliable service to customers while also striving to reduce emissions.
Share Price
On Monday, NEXTERA ENERGY stock opened at $55.0 and closed at $54.5, down by 1.2% from previous closing price of 55.1. The EEI Financial Conference provides a platform for energy industry executives to discuss and share insights on current industry trends and other topics of interest. At the conference, NextEra Energy Partners will join other major players in the energy industry to share their perspectives and showcase their products and services.
The company’s participation in this event is expected to increase its visibility and boost investor confidence in the company. It also serves as an opportunity for the company to discuss their performance and outlook amidst the current market conditions and gain valuable feedback from industry experts. 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
After conducting an analysis of NEXTERA ENERGY‘s wellbeing, GoodWhale concluded that the company had an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to safely ride out any crisis without the risk of bankruptcy. NEXTERA ENERGY was strong in dividend, growth, and medium in profitability, but weak in asset. That made them classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. As such, investors who are looking for high growth opportunities may be interested in NEXTERA ENERGY. However, they should be aware of the potential risks associated with investing in such companies. 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 Partners (NEP) has recently disclosed their participation in the Edison Electric Institute Financial Conference. NEP is an investment vehicle focused on renewable and traditional energy infrastructure assets. It has been growing rapidly, providing investors with attractive returns through its expansion of existing and new projects. Investors have seen strong returns from NEP due to its focus on renewable energy assets, such as wind and solar, which have become increasingly attractive investments due to their economic and environmental benefits.
Additionally, NEP has benefited from its exposure to traditional energy infrastructure assets, such as natural gas pipelines and power plants. Analysts believe that Nextera Energy Partners is a strong investment option for those looking for a reliable source of income and long term growth potential.
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