Morningstar - NextEra Energy Inc. (NEE) Renewable Energy and Regulated Capital Investment Drive NextEra Energys Earnings

Report

Morningstar

Andrew Bischof

EUR 100.00 For Business Accounts Only

Renewable Energy and Regulated Capital Investment Drive NextEra Energy's Earnings

We are reaffirming our $156 fair value estimate, along with our narrow economic moat and stable moat trend ratings, after NextEra Energy reported third-quarter operating earnings per share of $2.18, compared with $1.85 in the year-ago period.
Management reaffirmed its 2018 EPS guidance of $7.45-$7.95, in line with our estimate. We continue to forecast that NextEra Energy will attain the top end of its 6%-8% growth expectations through 2021, supporting our forecast for industry-leading 12% annua...

23/10/2018 13 EN

Underlying

NextEra Energy Inc.

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.

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US65339F1012 New York Stock Exchange United States

Provider

Morningstar

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.

We have operations in 27 countries.

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Analysts

Andrew Bischof

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Renewable Energy and Regulated Capital Investment Drive NextEra Energy's Earnings

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