Topics

Posted 9/28/2023, 2:33:53 PM

NextEra Energy Trims Growth View for NextEra Energy Partners, But Reaffirms Broader Outlook

NextEra Energy lowered growth projections for NextEra Energy Partners (NEP) due to higher interest rates.
NEP cut its distribution growth target to 5%-8% through 2026 from previous 12%.
NextEra reaffirmed its own 2023-2024 EPS guidance, expects 6%-8% annual growth through 2026.
The market overreacted to NEP guidance cut - NEP is small part of NextEra's growth financing needs.
NextEra now trades at discount to fair value estimate; risks remain but offers margin of safety.

morningstar.com

Relevant topic timeline:

8/29/2023

NextEra Energy Inc. stock falls Tuesday, underperforms market

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9/27/2023

NextEra Energy Partners Lowers Growth Outlook Due to Higher Interest Rates

NextEra Energy Partners' stock tumbles after lowering expectations for limited partner distribution growth due to higher interest rates and tighter monetary policy.

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Analysts Downgrade NextEra Energy, Raytheon Technologies; Cut Targets for Terex, South State

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NextEra Energy Stock Rises as Earnings Growth Expected to Continue

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10/3/2023

Analysts See Value in Beaten-Down NextEra Energy Stock Despite Recent Sell-Off

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10/3/2023

NextEra Energy Shares Drop Despite Analyst Buy Calls; Technical Charts Point to Further Downside

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Tesla Plans High Capex to Fund Growth Initiatives While Targeting Positive Free Cash Flow

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10/24/2023

NextEra Beats Q3 Estimates on Renewables and Utilities Growth

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Topics

Posted 9/28/2023, 2:33:53 PM

NextEra Energy Trims Growth View for NextEra Energy Partners, But Reaffirms Broader Outlook

NextEra Energy lowered growth projections for NextEra Energy Partners (NEP) due to higher interest rates.
NEP cut its distribution growth target to 5%-8% through 2026 from previous 12%.
NextEra reaffirmed its own 2023-2024 EPS guidance, expects 6%-8% annual growth through 2026.
The market overreacted to NEP guidance cut - NEP is small part of NextEra's growth financing needs.
NextEra now trades at discount to fair value estimate; risks remain but offers margin of safety.

morningstar.com

Relevant topic timeline:

8/29/2023

NextEra Energy Inc. stock falls Tuesday, underperforms market

9/27/2023

NextEra Energy Partners Lowers Growth Outlook Due to Higher Interest Rates

NextEra Energy Partners' stock tumbles after lowering expectations for limited partner distribution growth due to higher interest rates and tighter monetary policy.

9/27/2023

NextEra Energy Slashes Distribution Growth Outlook in Half, Blames Tighter Fed Policy

9/28/2023

Analysts Downgrade NextEra Energy, Raytheon Technologies; Cut Targets for Terex, South State

9/29/2023

NextEra Energy Stock Rises as Earnings Growth Expected to Continue

NextEra Energy closed slightly higher in the latest trading session, outperforming the S&P 500, and is expected to release positive earnings with year-over-year growth in both earnings and revenue.

10/3/2023

Analysts See Value in Beaten-Down NextEra Energy Stock Despite Recent Sell-Off

10/3/2023

NextEra Energy Shares Drop Despite Analyst Buy Calls; Technical Charts Point to Further Downside

Shares of NextEra Energy (NEE) have been downgraded by TheStreet's Quant Ratings service, with charts suggesting further decline and a potential price target in the $45 area.

10/23/2023

Tesla Plans High Capex to Fund Growth Initiatives While Targeting Positive Free Cash Flow

10/24/2023

NextEra Beats Q3 Estimates on Renewables and Utilities Growth

NextEra Energy surpasses Wall Street expectations in Q3 profit thanks to higher retail sales and renewable energy projects, and aims to achieve strong financial results through 2026.