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DUKH - NextEra Energy: Massive Overvaluation Makes This Wonderful Company A Sell
Duke Energy Corporation 5.125% Junior Subordinated Debentures due 2073
NextEra Energy is a wonderful company, it is executing very well, and has a bright future ahead. The stock, however, is miles in front of its own results.
Negative returns are very likely going forward at the current price and valuation. Any stumble whatsoever from the company will be punished severely.
A company growing earnings at a 9% rate and providing a 2% yield does not justify a 33 PE ratio. I see 30% downside before a reasonable level is reached.