Nextera Energy Inc (NEE)

NextEra Energy, Inc. Stock (NEE) dropped by 4.83% from $57.50 to $54.72 in the trading on Thursday November 9, 2023. The reason why NEE stock down today is due to the downgrade by the analyst. Seaport Global Securities' analyst Angie Storozynski reduced her recommendation on NextEra Energy to sell from the previous neutral. Storozynski's price target on the security is $44 per share. The analyst's driving concern with NextEra Energy include:

• Quality and sources of its earnings: Storozynski said they leave the stock priced at a 41% P/E premium to other electric utility stocks. She also cited the company's short-term debt load as being a factor behind the move.
• NextEra Energy Partners’ distributions: NextEra Energy Partners is facing doubts about its ability to maintain its recent growth in distributions to unitholders. This is a significant concern for investors. Analysts predict that NEP will be forced to cut its distributions significantly by the end of 2024. This could lead to a sell-off of NEE, as investors lose confidence in the company's ability to generate returns.

NextEra Energy, Inc. Stock (NEE) dropped by 8.97% from $57.29 to $52.15 in the trading on Monday October 2, 2023. The reasons why stock NEE is down today includes:

• Recent Downgrades: Goldman Sachs cut its price target from $83 to $71, which appears to be weighing on the stock, causing NEE stock down today.
• Growth Rate Limit: NextEra lowered its limited partner distribution per unit growth rate to a range of 5% to 8% per year through at least 2026. The company said it does not expect it will need growth equity to meet its revised growth expectations until 2027.
• Treasuries Leap: 10-year Treasuries advanced from around 4.6% to close the day at 4.685%, makes them that much more compelling when matched against the dividend yields of even the sturdiest utilities. While NextEra Energy currently pays out at 3.6%.

NextEra Energy, Inc. Stock (NEE) dropped by 8.23% from $65.34 to $59.96 in the trading on Wednesday September 27, 2023. The reason why NEE stock down today is due to business sale. The company announced the surprise sale of its Florida City Gas business yesterday. This transaction will bring in $923 million (including $145 million of intercompany debt) to NextEra Energy. Market appears to be taking the view this deal either wasn’t priced right or repositions NextEra in an unfavorable way. This deal unwinds one of the company’s core businesses and the stable cash flow-producing base upon which many long-term holders bought NEE stock.

NextEra Energy (NEE) saw its stock dip 4.82%, from $77.82 to $74.07, after reporting Q1 2023 earnings, partially erasing recent gains, likely due to valuation concerns. The company's strong results and positive outlook, including 6-8% annual growth through 2026 and dividend increases, suggest a promising future despite short-term fluctuations.

https://www.fool.com/investing/2023/04/26/why-nextera-energy-stock-dropped-today/

NextEra Energy (NEE) raised $2 billion through equity units to back its renewable energy expansion, briefly causing a 3.23% stock dip (from $88.88 to $86.01). Despite short-term dilution concerns, this move aligns with NextEra's long-term strategy for energy projects and corporate needs, making it an appealing choice for investors with a broader perspective.

https://www.fool.com/investing/2022/09/15/why-nextera-energy-stock-is-down-today/

NextExtra Energy stock dropped 4.47% today, to reach $74.19 from $70.87. NEE, as well as some other energy stocks, fell down today amid fears of a recession, driven partly by high gas prices, which have caused inflation. However, energy companies have mostly benefited from these elevated prices despite the broader market decline.

https://investorplace.com/2022/06/why-are-energy-stocks-down-today-xom-stock/

NextEra Energy (NEE) faces a 6.54% stock decline (from $81.51 to $76.18) due to disappointing earnings, higher natural gas prices, and potential project delays from an SEC probe. This casts uncertainty on the company and its role in the clean energy sector, despite earlier optimism for its role in U.S. energy independence.

https://investorplace.com/2022/04/why-is-nextera-energy-nee-stock-down-today/

NextEra Energy (NEE) fell down from $81.92 to $75.10, the stock saw an 8% stock decline after unveiling its management succession plan, overshadowing strong Q4 results and an optimistic long-term outlook. John Ketchum takes the reins as CEO, succeeding Jim Robo, with the company poised for accelerated growth and 6-8% annual EPS growth through 2025. Despite the market's initial reaction, NextEra remains positioned for value creation under new leadership.

https://www.fool.com/investing/2022/01/25/why-nextera-energy-stock-tumbled-today/