NextEra Energy Stock Lags Behind Competitors on Wednesday
December 22, 2023
🌧️Trending News
NEXTERA ($NYSE:NEE): On Wednesday, NextEra Energy Inc. stock lagged behind its competitors in performance. NextEra Energy Inc. is a leading U.S. energy company that is heavily involved in the development of renewable energy sources. It is the world’s largest producer of wind and solar energy, and is the largest electric utility company in the United States. Their aim is to create a more sustainable energy future by reducing carbon dioxide emissions and investing in clean energy sources.
This could be due to a variety of factors, such as macroeconomic conditions, industry trends, changing policies, and investor sentiment. Despite this, NextEra Energy Inc. remains committed to its goal of creating a green energy future and continues to invest in the development of clean energy sources.
Share Price
The stock opened at $60.1 and closed at $59.6, representing a decline of 0.4% from its prior closing price of $59.8. Despite the overall market’s positive trend, NEXTERA ENERGY did not manage to keep up with the market, which indicates that investors have not been enthusiastic about the company’s performance in recent days. 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
GoodWhale has conducted an analysis of NEXTERA ENERGY‘s fundamentals and according to our Star Chart, NEXTERA ENERGY has an intermediate health score of 5/10 with regard to its cashflows and debt, indicating that the company is likely to safely ride out any crisis without the risk of bankruptcy. We have classified NEXTERA ENERGY as a ‘cheetah’ – a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this profile, NEXTERA ENERGY is likely to be attractive to investors who are looking for a strong dividend, growth, and medium asset and profitability. Such investors may be looking for more long-term capital gains through appreciation in stock price rather than short-term profits. Additionally, these investors may appreciate NEXTERA ENERGY’s financial stability, which reduces the risk of their investment. 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 Inc. is a large energy company with operations in both regulated and non-regulated electricity and natural gas businesses. Despite positive market momentum on Wednesday, Nextera Energy’s stock underperformed compared to competitors. Investors should watch for potential risks associated with the company’s current portfolio and any future investments. The company’s financials are important, as any significant changes in their financial position could impact stock performance.
Additionally, market volatility could be a factor in Nextera Energy’s stock price, as it is subject to the same economic trends and industry movements as its peers. As such, investors should take a measured approach to their analysis of Nextera Energy Inc. before making any investment decisions.
Related Posts
Recent Posts
