NextEra Energy Positioned Well for Renewable Energy Growth
We are reaffirming our $111 per share fair value estimate, narrow economic moat, and stable moat trend ratings after NextEra Energy reported full-year operating earnings of $6.19 per share compared with $5.71 in the year-ago period. Management reaffirmed and extended its 6% to 8% annual growth rate target through 2020, consistent with our 8% expectation.NextEra Energy Resources installed 2.5 gigawatts of renewable energy in 2016, and we continue to forecast strong renewable energy growth even ...
NextEra Energy is a holding company, engaged in electric power and energy infrastructure. The company has two principal businesses, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). FPL is a rate-regulated electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. FPL provides service to its electric customers through a transmission and distribution system that links its generation facilities to its customers. NEER, through its subsidiaries, owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets primarily in the United States and Canada.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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