NextEra Energy Inc (NYSE: NEE) has reported E.P.S. of $0.90 for its third fiscal quarter (ending September 30) versus $0.60 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $3.38 compared to $3.79 a year ago.
Recent Price Action
On 10/23/24, NextEra Energy Inc (NYSE: NEE) stock increased 1.5%, closing at $84.96. Moreover, this advance was accompanied by above average trading volume at 127% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
NEE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
NextEra Energy has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NextEra Energy has a neutral Appreciation Score of 44 but a very high Power Rating of 94, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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