NextEra Energy: A Leader in Renewable Generation
Company Overview
Headquartered in Juno Beach, Florida, NextEra Energy is a prominent player in the utilities sector, providing generation, transmission, and distribution services. With a total generating capacity of approximately 37,000 MW, the company is making significant strides in renewable energy, with about one-third of its electricity coming from wind and solar sources.
FPL: A Key Contributor
NextEra Energy’s largest electric utility, FPL, is one of the largest vertically integrated electric utilities in the United States, serving around 5.8 million customers. In 2024, FPL accounted for nearly 70% of the company’s revenues, making it a crucial contributor to NextEra Energy’s success.
NEER: A Pioneer in Renewable Infrastructure
NEER, a non-regulated subsidiary of NextEra Energy, is the largest U.S. generator of wind and solar power and a leader in battery storage and renewable infrastructure. Its affiliated entities include NextEra Energy Partners LP, which trades as NEP. Although Argus Research does not cover NEP, it’s clear that NEER is driving innovation in the renewable energy space.
Strategic Focus on Electricity and Renewables
NextEra Energy has shifted its focus towards electricity and renewable generation, having sold its Texas and Pennsylvania pipeline businesses and its gas utility, FCG, in 2023. Today, the company has a generation presence in 38 states and four Canadian provinces, putting it ahead of many peers in the use of renewable generation, particularly wind power.
Key Statistics
- Current Price: $72.83
- Price Target: [Not disclosed]
- Earnings Estimate: [Not disclosed]
- Rating: [Not disclosed]
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