Description

NextEra Energy, Inc.: Initiation of Coverage – A Blend of Stability and Growth in Renewable Energy! 

A combination of strong demand growth, portfolio diversification, and strategic expansion has helped NextEra Energy post solid financial results for the first quarter of 2024. The company reported an 8.3% year-over-year increase in adjusted earnings per share, driven largely by the performance of its Florida Power & Light Company (FPL) and Energy Resources segments. FPL’s earnings per share increased $0.04 year-over-year, the primary driver being a growth of approximately 11.5% in the company’s regulatory capital year-over-year. Positive points included significant expansion in solar projects and continued strong customer growth. However, the company did note that first quarter retail sales decreased by approximately 1.3% year-over-year, attributing the decline mostly to unfavorable weather.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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