2024-07-18 15:27:28 ET
Summary
- NEE is expected to report its 2024 Q2 earnings next week.
- I expect it to either reaffirm the full-year guidance or even up it from the range announced in Q1.
- My optimism stems from the new developments in the past quarter.
- The top ones are Florida's strong economy, NEE's expansion projects, and the new interest rate outlook.
NEE stock: Q1 recap and Q2 preview
I last wrote on NextEra Energy, Inc. (NEE) about three months ago. As you can see from the screenshot below, that article was titled " NextEra Energy: Still Looking For Direction " and was published on April 19, 2024, on Seeking Alpha. In that article, I rated the stock as a HOLD due to the following mixed signals:
- NextEra Energy's current dividend yield is way above its historical average, usually a sign of undervaluation.
- But a consideration of its growth potential also shows it's close to fair valuation and offers no obvious margin of safety.
- The uncertain interest rate outlook further clouds its return potential.
Read the full article on Seeking Alpha
For further details see:
NextEra Energy Q2 Preview: I Expect Good News (Rating Upgrade)