NEE Stock Summary and Trading Ideas (Nextera Energy | NYSE:NEE)

NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 30 GW of generation capacity, including natural gas, nuclear, wind, and solar.

Nextera Energy trades on the NYSE stock market under the symbol NEE.

As of April 24, 2024, NEE stock price climbed to $66.56 with 11,276,286 million shares trading.

NEE has a beta of 0.33, meaning it tends to be less sensitive to market movements. NEE has a correlation of 0.02 to the broad based SPY ETF.

NEE has a market cap of $136.61 billion. This is considered a Large Cap stock.

Last quarter Nextera Energy reported $6 billion in Revenue and $.91 earnings per share. This fell short of revenue expectation by $-319 million and exceeded earnings estimates by $.18.

In the last 3 years, NEE stock traded as high as $93.73 and as low as $47.15.

The top ETF exchange traded funds that NEE belongs to (by Net Assets): VTI, VOO, XLU, SPY, IVV.

NEE stock has underperformed the market in the last year with a return of -13.3%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NEE shares. However, NEE has outperformed the market in the last 3 month and 2 week periods, returning +16.9% and +1.8%, while SPY returned +4.6% and -2.7%, respectively. This indicates NEE has been having a stronger performance recently.

NEE support price is $65.11 and resistance is $67.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NEE stock will trade within this expected range on the day.