NEE

NextEra Energy Inc.

Energy, Event Driven/Special Sit


Presented:01/08/2014
Price:$85.02
Cap:$37.00B
Current Price:$82.79
Cap:$170.16B

Presented

Date01/08/2014
Price$85.02
Market Cap$37.00B
Ent Value$65.25B
P/E Ratio18.11x
Book Value$44.96
Div Yield3%
Shares O/S435.18M
Ave Daily Vol1,970,000
Short Int3.25%

Current

Price$82.79
Market Cap$170.16B
NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. It also generates electricity through natural gas, nuclear, oil and coal, and hydro power plants. The company serves approximately 8.9 million people through approximately 4.6 million customer accounts in the east and lower west coasts of Florida. In addition, it leases wholesale fiber-optic network capacity and dark fiber to telephone, wireless, Internet, and other telecommunications companies. As of December 31, 2011, NextEra Energy, Inc. had approximately 41,000 mega watts of generating capacity. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in May 2010. NextEra Energy, Inc. was founded in 1984 and is headquartered in Juno Beach, Florida.

Highlights

Shares of integrated utility NextEra Energy recently rallied when management during its Q3 earnings call discussed the possibility of forming a so-called “yieldco” with the company’s contracted generation assets. The presenter believes the company is likely to form a public yieldco, and that the stock is well positioned given the performance of yieldcos NRG Yield (NYLD) and Pattern Energy Group (PEGI), which are up about 50% and 33% respectively since their IPOs.​

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