NextEra Energy Inc
NEE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$63.00 | Xcljpz | Rksghkhck |
NextEra Energy Earnings: Strong Execution Supports Industry-Leading Growth
We are maintaining our $82 fair value estimate for NextEra Energy after the company reported second-quarter operating earnings per share of $0.88, up from $0.81 in the year-ago quarter. Management reaffirmed its guidance for 2023 EPS of $2.98-$3.13, in line with our estimate, and 6%-8% earnings growth through 2026; we expect the company to achieve the high end of the latter range. Our narrow economic moat and stable moat trend ratings are unchanged.