NextEra Energy Inc

NEE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$97.00	Hhqfbgd	Jjxzgqhyh

NextEra Energy Earnings: Strong First Half Puts NextEra on Track to Meet Our Expectations

Andrew Bischof

Jul 24, 2024

We are maintaining our $71 per share NextEra Energy fair value estimate after the company reported second-quarter operating earnings of $0.96 per share, up from $0.88 in the same period last year. Management reaffirmed NextEra's financial targets released at its June investor day. The company's 6% to 8% annual earnings growth expectations through 2027 are unchanged, and we expect the company to achieve the high end. After trading below our fair value estimate much of the past year, NextEra Energy now trades in line with our estimate.

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