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 34 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 January 15, 2025, NEE stock price climbed to $69.55 with 4,202,622 million shares trading.

NEE has a beta of 0.38, meaning it tends to be less sensitive to market movements. NEE has a correlation of 0.04 to the broad based SPY ETF.

NEE has a market cap of $142.89 billion. This is considered a Large Cap stock.

Last quarter Nextera Energy reported $8 billion in Revenue and $1.03 earnings per share. This fell short of revenue expectation by $-543 million and exceeded earnings estimates by $.05.

In the last 3 years, NEE traded as high as $91.35 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 has underperformed the market in the last year with a price return of +17.3% while the SPY ETF gained +25.6%. NEE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.5% and -3.0%, respectively, while the SPY returned +1.6% and +1.0%, respectively.

NEE support price is $66.95 and resistance is $69.01 (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 shares will trade within this expected range on the day.