Nextera Energy Inc Stock Price, News & Analysis

NextEra Energy Partners, LP (NYSE: NEP) will report its third-quarter 2020 financial results on October 21, 2020, before the NYSE opens. The release will be available on its website. A live investor presentation will occur the same day at 9 a.m. ET, discussing results for NextEra Energy, Inc. (NYSE: NEE) as well. Financial results will be downloadable from the website beginning at 7:30 a.m. ET, with a replay available for 90 days.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will have CEO Jim Robo present at the 2020 Wolfe Research Utilities & Midstream Conference on Sept. 30, 2020, at 11:45 a.m. ET. A live audio webcast and presentation materials will be accessible on their investor websites. NextEra Energy is a leader in clean energy, serving over 5 million customer accounts through its subsidiaries in Florida and is recognized for its sustainability efforts. NextEra Energy Partners focuses on owning contracted clean energy projects and natural gas infrastructure.

NextEra Energy Transmission, a subsidiary of NextEra Energy (NYSE: NEE), is set to acquire GridLiance Holdco and GridLiance GP for approximately $660 million, including debt assumption. Funding will partly come from NextEra's recent equity issuance. GridLiance, with about 700 miles of high-voltage lines, enhances transmission reliability and is positioned to benefit from the anticipated growth in renewable energy. The deal awaits regulatory approval, with a target closing date in 2021.

NextEra Energy Capital Holdings, a subsidiary of NextEra Energy (NYSE: NEE), has announced the redemption of all outstanding Series I and Series J Junior Subordinated Debentures on October 24, 2020. The Series I debentures, totaling $500 million, bear an interest rate of 5.125%, while the Series J debentures, totaling $450 million, have a 5.00% interest rate. Investors will receive the full principal amount along with accrued interest upon redemption. This move highlights NextEra's financial strategy in managing its debt obligations.

NextEra Energy (NYSE: NEE) announced a sale of $2.0 billion in equity units to BofA Securities and Barclays, expected to close on Sept. 18, 2020. Each unit, priced at $50, includes a contract for future common stock purchase and a 5% ownership interest in a debenture due Sept. 1, 2025. The total annual distributions on these units will be 6.219%. The net proceeds from the sale, approximately $1.94 billion, will fund various corporate purposes including energy projects and potential redemptions of junior subordinated debentures.

NextEra Energy, Inc. (NYSE: NEE) plans to sell $2.0 billion of equity units, with each unit priced at $50. The offering comprises a contract for future common stock purchases and a 5% ownership interest in a $1,000 debenture due Sept. 1, 2025. Proceeds, estimated at $1.94 billion, will support energy project investments and corporate purposes, including debt redemption. The company emphasizes that the sale is not an offer for securities and is subject to regulatory compliance. NextEra Energy is a frontrunner in clean energy with a significant market position in Florida.

NextEra Energy, Inc. (NYSE: NEE) has announced an increase in its financial expectations for 2021, projecting adjusted earnings per share between $9.60 and $10.15. The company also expects 6% to 8% growth for 2022 and 2023, based on strong performance across its businesses. Additionally, a four-for-one stock split is approved, making shares more accessible, with distribution slated for Oct. 26, 2020. Adjusted earnings expectations post-split are set at $2.18 to $2.30 for 2020 and $2.40 to $2.54 for 2021.

NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) have announced participation in various investor meetings throughout September. The senior management will discuss long-term growth expectations. On September 8, 2020, Rebecca Kujawa, CFO, will present at the Barclays CEO Energy-Power Conference at 3:05 p.m. ET, with an audio webcast available. NextEra is noted for being a leading clean energy provider, serving millions and recognized for its sustainability efforts.

NextEra Energy Resources announced a plan to add nearly 700 MW of battery storage projects in California, a move expected to nearly double the current U.S. battery storage capacity. This $800 million investment includes six solar project co-locations. The California Public Utility Commission has approved 523 MW of these projects, which aim to enhance low-cost, emission-free solar energy availability and grid reliability. Additionally, a pipeline of 2,000 MW in battery storage projects is ready, contingent on regulatory approvals and power purchase agreements.