ESOCF - Not All That Energized About NextEra Energy
2024-01-23 08:30:07 ET
Summary
- NextEra Energy is a large utility company with a market capitalization of $117.48 billion.
- NextEra has a strong presence in the renewable energy industry through its subsidiary NEER, which has seen great results as of late.
- Financial results for the final quarter of 2023 are expected to show an increase in revenue but a decrease in profits.
- One-time results make NEE look more appealing than it is.
One of the largest publicly traded companies out there, especially in the utility market, is NextEra Energy ( NEE ). The firm boasts a market capitalization as of this writing of $117.48 billion. Few companies make it that large. According to management, it is one of the largest electric power and energy infrastructure businesses in North America and it is making major inroads into the renewable energy industry. Operationally speaking, it has two different segments . The first of these is FPL, which is the largest electric utility operator in Florida with 5.8 million customer accounts under its belt. Then, there is NEER, which management considers to be the largest generator of renewable energy from wind and solar sources on the planet. It also has a battery storage business under that umbrella....
Not All That Energized About NextEra Energy