NextEra Energy, Inc. (NEE) Stock Forecasts

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Headquartered in Juno Beach, Florida, NextEra Energy provides generation, transmission, and distribution services. NEE has approximately 37,000 megawatts of total electricity generation capacity, with approximately one-third of its electricity coming from renewable wind and solar sources. The company also operates seven nuclear plants. The company’s largest electric utility is FPL, one of the largest vertically integrated electric utilities in the United States, with approximately 5.8 million customer accounts that generate approximately two-thirds of its revenue. NEER, an unregulated subsidiary, is the largest wind and solar generator in the United States and a leader in battery storage. Its affiliates include NextEra Energy Partners LP, trading as NEP. Argus Research does not cover NEP. The company’s focus is on electricity and renewable energy generation. In the second half of 2023, management entered into agreements to sell its pipeline business in Texas and Pennsylvania and to sell its gas subsidiary, FCG. NextEra Energy has a generation presence in 38 states and four Canadian utilities.