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NYSE:NEE
This summary was created by AI, based on 3 opinions in the last 12 months.
NextEra Energy (NEE) has received a mix of opinions from experts following the announcement of the merger with Dominion. One review highlights the immediate market reaction, where Dominion shares experienced a 10% increase, while NEE saw a 10% decline. This volatility may present a buying opportunity, especially given that NEE has demonstrated consistent earnings growth of 8-9% and is trading at an attractive 18x price-to-earnings ratio. Additionally, one expert emphasizes the potential for synergies from the merger and notes a healthy 7% dividend from convertible preferred shares set to mature in 2029. With a diversified portfolio and low debt levels, NEE is viewed as a solid choice in the utility sector, priming it for good returns in the upcoming years, regardless of the merger's outcome.
Allan Tong’s Discover Picks NEE stock boasts a one-year return of 32% and almost 200% over five years. Revenue growth year-over-year stands at nearly 15%, double the sector (in the U.S). NextEra trades at a 34x PE and pays a 1.85% dividend. The stock has climbed 25% year-to-date and it currently sailing at all-time highs. In fact, it has popped 10% in the past two weeks, beyond $300, as the election campaign heats up. Read NEE Stock and BABA Stock: 3 Savvy Election-proof Stocks for our full analysis.
NEE-N vs. AQN-T. He would choose NEE-N. Part of the appeal of renewable energy is that they have one of the best R&D teams internally in the company, to ensure all projects they do come on stream as planned and to be more innovative in other green solutions including battery storage. It is the old "Florida Light and Power". It is growing at double digits of 10 or 12% per year and usually these companies are at 5-7%.
The old Florida Light and Power Company. They are the biggest renewable power generator in the US. Over 20% of renewable power generated in the US comes from them. As more money goes into ESG, they will benefit. Even Apple is looking to have power from wind and solar. A utility that pays a growing dividend that should grow in single-digits. Yield 2.26% (Analysts’ price target is $265.71)