NextEra Energy Inc
NEE
Market Cap$149.77B
Close$
Earnings Call Q3 2024
October 23, 2024 - AI Summary
**Strong Q3 Performance**: NextEra Energy reported a 10% year-over-year increase in adjusted earnings per share for Q3 2024, primarily driven by solid performance at Florida Power & Light (FPL) and Energy Resources. This reflects the company's growth trajectory, with expectations of achieving adjusted EPS at or near the top end of projections for 2024 to 2027.
**Expansion in Renewables and Backlog Growth**: The company added approximately 3 gigawatts of renewables to its backlog for the second consecutive quarter, bringing the total backlog to about 24 gigawatts. New framework agreements with Fortune 50 companies and partnerships like Entergy represent significant demand, potentially totaling up to 15 gigawatts in development agreements, which underscores NextEra's unique market position.
**Challenges from Hurricanes**: Hurricane Helene and Hurricane Milton caused significant power outages impacting millions of customers and shaking restoration efforts. The estimated restoration costs are preliminarily projected at $1.2 billion, with plans to recover costs via customer surcharge, which could impact margins in the short term.
Exclusive for Stockcircle Pro members
Sign up
$-65.27
189.6% downside
Current Fair Value
189.6% downsideOvervalued by 189.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $149.77 Billion |
|---|---|
| Enterprise Value | $230.95 Billion |
| Dividend Yield | $2.06 (2.8285047370589%) |
| Earnings per Share | $3.61 |
| Beta | 0.56 |
| Outstanding Shares | 2,053,500,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 21.51 |
|---|---|
| PEG | 41.43 |
| Price to Sales | 6.07 |
| Price to Book Ratio | 2.6 |
| Enterprise Value to Revenue | 8.78 |
| Enterprise Value to EBIT | 36.08 |
| Enterprise Value to Net Income | 33 |
| Total Debt to Enterprise | 0.36 |
| Debt to Equity | 1.67 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About NextEra Energy Inc
14,800 employeesNextEra Energy, Inc. is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is the largest rate-regulated electric utility in the United States as measured by reta...