Posted 3/3/2024, 6:30:00 PM
NextEra Energy Beats Q4 Estimates Despite Macro Headwinds; Guides For Steady Growth
- NextEra Energy posted solid Q4 earnings despite challenging macro backdrop
- Florida Power & Light (FPL) utilities business continued progressing, increasing adjusted EPS
- NextEra Energy Resources (NER) renewable energy business had record project origination year
- Guidance suggests slower but still solid 7-9% annual EPS growth next few years
- Valuation remains attractive despite dividend yield not beating US Treasuries